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Grocery Chains Favoring Small Store Concept

07/11/2024

Sprouts Farmers Market introduced their first small-format store in January 2022 and has concentrated on locations with limited area to expedite expansion at minimal cost.  Apparently, consumers appreciate the convenience of shopping in these units and are prepared to forgo the narrow range of SKUs in stores that are one third of the size of conventional 40,000 square foot supermarkets.

 

Whole Foods and parent Amazon have evaluated a range of formats since the 2017 acquisition. The Company recently announced the Whole Foods Market Daily Shop extending from 4,000 to 7,000 square foot that will appear in high-density suburban areas competing with Aldi and Trader Joe’s.

 

Meijer recognized for its superstores that compete with Walmart in the Midwest has adopted a small-format alternative with three stores currently in operation.