SPOTLIGHT ON TOP GROCERY RETAILERS: LOCALIZED, SERVICE, & HEALTH WINS
Always approach Grocery with a strategic mindset on where’s best for your brands – and don’t miss out on the retailers who continue to win for their shoppers, says Liz DiMaria, Head of Insights & Analytics, Grocery. Despite the recent Kroger/Albertsons merger fallout, there are a number of Grocery retailers outperforming others. In today’s Spotlight, Liz shares highlights for H-E-B, HyVee, and Sprouts, among those retailers to watch this year.
Iconic, Texas-based staple with 435+ stores in Texas/Mexico and growing its footprint
More than just a Grocery store: It is a community fixture, deeply connected to the neighborhoods it serves and its customers
Digital and convenience transformation: H-E-B Now (15 items<45 minutes without fees), My H-E-B app: high scores for curbside pickup and delivery, doubling down on eCommerce facilities
5 different banners highlight localized approach, from discount Joe V’s Smart Shop to upscale Center Market
Hunger Relief Program and Sustainability – 5% of pre-tax earnings annually to make a positive difference in Texas
Ranked #1 in Dunnhumby’s Annual Retailer Preference Index (RPI) in 2024 Amongst Grocery Chains
#5 Forbes Largest U.S. Private Company
285+ stores and expanding in the Midwest
Employee-owned (one of the largest in the U.S.)
Best known for providing “a helpful smile in every aisle,” superior service, and commitment to quality
Also ranked top in produce: “Works with farmers to provide locally grown fruits and vegetables, and many locations offer food counters with salad bars, meatloaf, Asian food, pizza, and fried chicken”
Pharmacy innovation: Major health provider in rural areas, food as medicine, and urgent acquisitions
Voted by USA Today Readers and Experts as Top Grocery Store in America in 2004 (1st year as #1)
Named Drug Store News’ Pharmacy Innovator of the Year 2024
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442 stores in 23 states and expanding
Continue to impress other stores with results in 2024; latest Q3 earnings:
$1.9B, +4% increase vs YAG
Comp store growth +8.4%
Opening new stores
Standing out from “Big Box” retailers
Laser focused on the health enthusiast > Focus is on products no one else offers and organics
Plant-based dairy and organic produce (45% of sales) are performing well
“The third quarter was another exceptional performance by our Sprouts team,” said Jack Sinclair, chief executive officer of Sprouts Farmers Market. “We are driving robust traffic growth and continue to execute at a very high level. We remain confident of our long-term growth potential.”
Consistently Beat Quarterly Earnings in 2024
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