Apr 25, 2023 - News

Smith's Food & Drug is Salt Lake City's favorite grocer

Data: Chain Store Guide; Note: Stores under the same brand name have been combined, e.g. Walmart and Walmart Supercenter; Chart: Axios Visuals

Smith's Food & Drug Center is the most popular grocery chain in the Salt Lake City area, with 26.8% of the market share as of last year, Axios' Alex Fitzpatrick and Erin Davis report.

Driving the news: Walmart and Costco are the second- and third-most-popular grocers, with 20.8% and 14.5% of the local market share, respectively.

  • That's according to new data from Chain Store Guide, which tracks the retail and food service industries.

The big picture: While national behemoths such as Walmart are typically among the most popular grocers — if not the most beloved — in any given city, local and regional favorites can give the big box stores a run for their money.

  • Shoppers often develop allegiances toward their local favorites, too; just ask anyone from upstate New York how they feel about Wegmans, for instance, and there's a good chance it'll be like they're talking about their dearest friend.
  • "At a time when politics divides opinion nationally on many big brands, grocery brands have been able to maintain loyalty and trust across demographics by maintaining a steady presence in their communities," Axios' Sara Fischer and Emily Peck write.

By the numbers: Americans' grocery spending is topped by the dollars spent dining out in the post-pandemic era.

  • "People spent 20.7% more at restaurants than they spent on groceries in 2022 — and that figure rose to 29.5% in the first two months of the year, according to Commerce Department data compiled by JLL," Axios' Nathan Bomey writes.

What's next: Amazon — which acquired Whole Foods in 2017 for $13.4 billion — is looking to dramatically expand the grocery wing of its commerce empire, Axios' Richard Collings and Kimberly Chin write.

  • "We need a broader physical store footprint given that most of the grocery shopping still happens in physical venues," Amazon CEO Andy Jassy recently wrote in a letter to shareholders.

💭 Kim's thought bubble: I'm a Harmons girl thanks to their selection of salsas and handmade pasta.

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