Thursday, January 03, 2008
Walmart takes over!... in Houston that is..
Walmart now has the majority market share in the greater Houston area. They have had the majority market share in the Dallas-Fort Worth for at least the last 2 years. It is not a great majority, but good enough to do the job. This year, Walmart, with its 50 stores in the Houston area, had 28.5% of the market share. Second is Kroger with 101 stores, had 25.6% of the market share. Third was HEB, 45 stores with 14.7% of the market share.
This time last year, Kroger was in the lead and Walmart was a close second.
This year in the Metroplex, Walmart's market share was 32.3% with Kroger at a distant second at 15.3%. That is a HUGE difference!
In both markets, the grocery industry is really competitive, especially in the Dallas-Fort Worth where the market is extremely saturated with many different grocery retailers.
I guess with the gas prices and the current perceived instability in the economy, it has driven people to Walmart where they can find low prices on food stuffs. In addition to the economy, recent weather patterns have not helped some crops forcing those prices to rise. I know that I have shopped more frequently at Walmart than in the past, but that is because I recently moved close to one. It is just an necessary evil. For frequent grocery shopping, I do take my business to Kroger or another major grocery retailer where I know where I will get quality food. Personally, I do not like to buy meat from Walmart because I can tell a difference between what I get at Walmart and what I can get at Kroger.
No matter where you go, it is not going to matter. It will take a great majority to bump these numbers. However, remember where your dollars go and the quality of goods that you receive before you spend your all important dollars on grocery needs.