I am anxiously awaiting the June issue of the Food Trade News and its annual market study. Although I haven’t received it yet, Maria Panaritis of the Philadelphia Inquirer obviously has.
According to Maria’s story yesterday about the study, “ShopRite, ringing up $1.7 billion in sales across the eight-county Philadelphia region, grabbed the top spot from Acme, which has struggled to cut costs by shutting down underperforming stores and recently laid off 900 part-time employees.”
Here are more market study results (thanks, Maria):
- Acme’s sales dropped to $1.6 billion (from $1.8 billion in the previous 12-month period) for the period from April 1, 2010 through March 31, 2011.
Third – tenth place:
- Giant ($1.5 billion)
- A&P – Super Fresh / Pathmark ($851 million)
- Genuardi’s ($734 million)
- Wegmans ($372 million)
- Thriftway / Shop ‘n Bag
- Whole Foods ($192 million)
According to the study, ShopRite’s ascent, along with the growth of Giant, Wegmans and Whole Foods, came at the expense of hundreds of millions of dollars that used to be spent at Acme. (Genuardi’s, Super Fresh and Pathmark have closed stores and lost sales as well.)
ShopRite Edges Acme in Philadelphia-area grocery sales, by Maria Panaritis