U.S. supermarkets losing market share

By

SeafoodSource staff

Published on
July 12, 2012

Americans still shop for groceries. They’re just not doing it so much at supermarkets.

Supermarkets' share of U.S. grocery sales fell to 51 percent in 2011, down from 66 percent in 2000, according to UBS. One major cause: Big-box discounters including Wal-Mart Stores Inc. and Target Corp. are using food to reel shoppers into their stores, where they hope to tempt customers to buy more profitable housewares and clothing.

Click here to read the full story from The Wall Street Journal >

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