Some dine-out foot traffic trends have been trampled since the pandemic as consumers have shifted to eating at home, brought on additionally by inflation. But even grocery stores are not proving to be immune to the effects of higher prices.
Not surprisingly, when Placer.ai looked at regional trends among grocers it found that value-oriented grocery chains – brands such as Aldi, Lidl, Walmart Neighborhood Market, Save-A-Lot, and Grocery Outlet Bargain Market – have successfully increased their foot traffic.
Overall, though, foot traffic is down for grocers as prices spiked in the first half of 2022, as grocery shoppers nationwide "felt the pinch at the checkout," Placer.ai said in a report.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
