Placer recently published a white paper on the grocery industry, which yielded the following takeaways. Food Lion is outperforming the broader grocery sector. Visits to the chain have increased on a year-over-year and year-over-three-year basis each month during 2022. In September Food Lion had foot traffic growth of +3.8% YoY and +25.8% Yo3Y. Trader Joe’s and Walmart Neighborhood Market are also outperforming the broader space. Placer notes that the grocery sector is still holding its pandemic gains and is positioned for long term success.
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