Walmart holds biggest grocery market share in Charlotte. How do Harris Teeter, Publix, others compare? - Charlotte Business Journal
See which grocers are moving up — and down — on the local list. Walmart Inc. (NYSE: WMT) remains the top grocery market share in the greater Charlotte area, according to Chain Store Guide's latest Grocery Industry Market Share report. The report also revealed that grocery sales in the Charlotte area totalled $10.2 billion in 2023. Walmart Supercenter stores claimed a 23% market share for the Charlotte metro in 2022, down from 24.3% the previous year. Other brands such as Sam's Club and Walmart Neighborhood Market also contributed significantly to this ranking. The Kroger Co.'s Harris Teeter banner had a combined 15.9% market market share last year, down slightly from 16.1% in 2022. Meanwhile, Publix's local market share increased from 9.2% at 22 stores in 2022 to 10.3%. Target Corp. (TGT) gained market share by 4.2%, while any retailer with a market share under 0.4% is classified as "other operations".
Published : a month ago by Amy Shapiro in Business
Walmart Inc. (NYSE: WMT) remains in the top spot when it comes to where shoppers are choosing to spend their grocery dollars in the greater Charlotte area. That's according to Chain Store Guide's latest Grocery Industry Market Share report, which was released on March 28.
Grocery sales amounted to $10.2 billion at all supermarkets, mass merchandisers and warehouse clubs in the Charlotte area in 2023. The counties included in the report are Cabarrus, Gaston, Iredell, Lincoln, Mecklenburg, Rowan and Union in North Carolina; and Chester, Lancaster and York in South Carolina. Figures for mass merchandisers and warehouse clubs exclude non-grocery sales.
Walmart Supercenter stores claimed a 23% market share in the Charlotte metro in 2022, down from 24.3% in the previous year. The year ended with 32 Walmart Supercenter stores across the region, unchanged from 2022.
And that's not including two other brands that fall under the Arkansas-based Walmart umbrella. Sam's Club, with its seven local stores, had a 5.7% grocery market share here, while Walmart Neighborhood Market had a 1.6% share spread across eight stores.
The Kroger Co.'s (NYSE: KR) Harris Teeter banner captured a combined 15.9% market share in the Charlotte region last year, down slightly from 16.1% in 2022, at 60 area stores.
Food Lion’s local market share rose to 14.6% in 2023, from 13.9% the previous year. The company's local store count remained unchanged at 103.
Lakeland, Florida-based Publix continues to grow in the Charlotte region. Publix’s local market share increased from 9.2% at 22 stores in 2022, to 10.3% at 26 area locations in 2023. Plans to open at least three new stores by the first quarter of 2025 — at the Arboretum, Carmel Commons and Mooresville’s Harris Farms — were detailed in late March.
Target Corp. (NYSE: TGT) gained market share in 2023, growing from 2.1% in 2022 to 4.2% in 2023. The company’s local store count remained unchanged at 16.
Any retailer with a market share under 0.4% is rolled into the "other operations" category on Chain Store Guide's report. In the Charlotte market, that grouping accounted for a 3.2% share and 96 stores.