The latest update on the grocery wars is here, with Walmart and Costco gaining ground
Source: Business Insider ·
Value-focused retailers are picking up market share and traditional chains are sliding as shoppers grapple with rising costs.
From the source
walmartScott Olson/Getty ImagesValue-focused retailers are picking up market share and traditional chains are sliding.Households are hunting for grocery deals to offset rising costs of other bills.Fuel pressures may drive more inflation, but Walmart and Costco are typically slow to raise prices.The grocery wars continue to heat up.As US households continue to grapple with rising costs for gas, housing, and insurance, they're increasingly looking for savings on groceries.That's giving value-focused retailers like Walmart and Costco a major leg up over more traditional grocery giants like Kroger and Albertsons.Data released this week from consumer analytics firm Numerator showed warehouse giant Costco overtook Kroger's dollar share of US retail food and beverage sales. Costco has steadily gained share over the last two years as both Kroger and Albertsons shrank their positions.The estimates are based on the last 12 months of sales, and show Costco's share ticking up to 8.4%, a half…