As consumers’ financial stress rises, they’re increasingly turning to mass retailers like Walmart for their groceries, according to a new report by customer data science and analytics company Dunnhumby. The company’s quarterly Consumer Trends Tracker—which interviews 8,500 consumers from the US, Canada, Brazil, Colombia, Mexico, and Chile—found that mass retailers (big-box stores like Walmart and Target) and traditional supermarkets (like Kroger, Albertsons, and regional banners) have hit the same grocery penetration, 79%, for the first time since the tracker began nearly four years ago. Mass retailers’ grocery penetration has risen 5 percentage points over that time, marking millions of consumers’ behavior shifts. Walmart’s grocery penetration jumped 6 percentage points YoY, reaching a record 72%. The dollar channel, hitting 42% penetration, has surpassed club stores for the first time in over two years, with Dollar General, Dollar Tree, and Family Dollar all seeing their penetration jump 4–6 percentage points YoY. Discounter Aldi’s penetration also increased 2 percentage points YoY. Keep reading here.—EC |