Wednesday, September 22, 2021

Wal-Mart’s New 24-Hour Neighborhood Markets Pose a Scare for Trader Joe’s and Others

walmart-neighborhood-market

*Imagine this: A neighborhood market that sells not only food, but pharmaceuticals and even fuel. It’s open 24-hours a day, and the prices are Wal-mart low.

Now snap back to reality because its true. Wal-mart has now designed smaller-format stores called Neighborhood Markets, and they are an alleged threat to some of our favorites, more traditional markets like Whole Foods, Kroger, and Trader Joe’s, because they are popping up all over the place, according to Moody’s analysts.

“The advantages of the Neighborhood Market concept will be difficult to beat back,” Moody’s Vice President Charles O’Shea said in a recent note to clients.

Analysts reveal that these traditional supermarkets have “upped their games over the past few years to somewhat blunt the onslaught of the Super-centers,” but the Neighborhood Market is considered a “different animal.”

Read more at EURThisNthat.

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