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Specialty Operators and Value Chains Drive Grocery Evolution
The grocery industry has navigated unprecedented challenges in recent years, ranging from pandemic-driven shifts in consumer behavior and supply chain disruptions to rising costs, labor shortages, and increased operational demands. In the face of these obstacles, Placer.ai says in a new white paper, the category has been pushed to innovate.
However, within the grocery industry, some segments resonate particularly strongly with the 2024 consumer. Titled Specialty and Value Chains Transform Grocery in 2024, the white paper explores two segments that have led category-wide visit growth for some time.
Specialty and fresh format stores, such as Trader Joe’s, Sprouts Farmers Market and H Mart, focus on produce, organic foods, and culturally specific items. Value grocery chains include Aldi, WinCo Foods and Grocery Outlet Bargain Market. Location analytics show shoppers are increasingly drawn to these two grocery store types, a shift in consumer buying habits that has the potential to reshape the grocery landscape, according to Placer.ai.
In the white paper, readers will learn:
- How value and specialty grocery chains performed in the third quarter of 2024 in comparison to traditional supermarkets like Kroger, Albertsons and H-E-B;
- How visitor behavior varies among the three grocery segments; and
- What differences can be observed in the demographic and psychographic make-ups of their trade areas.
- ◦Development
- ◦Economy
