Walmart’s Supermarket Rivals Are Eating Into Its Grocery Share
- Kroger’s sales growth, recent stock price outpacing Walmart
- Traditional chains offering fewer discounts amid pandemic
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Grocery stores are booming as the coronavirus pandemic drives Americans to stock up their pantries. But the nation’s biggest grocer is largely missing out.
Walmart Inc., which has sat at the top of the food chain for years, has lost market share to companies like Kroger Co. and Albertsons Cos., whose quarterly sales have risen by double-digit percentages. While much is made of Walmart’s high-stakes battle with Amazon.com Inc., right now it’s mainstream supermarkets who are nibbling away at Walmart’s dominance in the nation’s $900 billion grocery market.