According to a recent note published by equity analysts at Credit Suisse, discounters controlled 22.7 percent of the U.S. retail food business in 2013, up from 16.9 percent in 2003, reported Quartz, a digital news site for the global economy. That market share came directly from traditional supermarkets, which saw their market share slip from 30.7 percent to 26.7 percent over the same time period.
But discounters aren’t the only entities taking a bite out of traditional supermarkets. High-quality retailers such as Whole Foods and Trader Joe’s have been nibbling away at the business too, driving their share of retail grocery sales up from 1.1 percent in 2003 to 2.8 percent in 2013. At the other end of the income spectrum, “dollar stores,” which have have attracted poorer customers, saw their market share rise from 1.4 percent to 2.5 percent over the same period, according to Credit Suisse.
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