Food Retail Foot & Web Traffic Tracker: Club Holds On to Top Position

Research evidence excerpt

Food Retail Foot & Web Traffic Tracker: Club Holds On to Top Position

flat sequentially, as SFM (up ~36 bps) AlbertsonsH-E-BCompany (3(3 bps)bps)

was largely offset by Whole Foods (down ~35 bps). SFM sequential performance was toward WalmartKrogerNeighborhoodCompany Market (15(4 bps)bps)

the higher end of peers, but remains in the lowest relative foot traffic position among retailers, as MeijerPublix (19(28 bps)bps)

the company continues to lap difficult PY comps. Notably, SFM led all retailers in app active user WholeWalmartFoods U.S.Market (35(55 bps)bps)

sequential performance (+253 bps), moved up 1 spot to #1 in active user rank, and remained #1 Target (104 bps)

in app downloads rank. CHANNEL ClubFOOT TRAFFIC JUN-2660M/Mbps DELTA

Discount 42 bps

Club holds the top relative foot traffic position, Mass remains #2. The Club channel saw PremiumGrocery (60 bpsbps)

sequential acceleration of ~60 bps in 3M rolling y/y foot traffic, the greatest among all channels, .Source: JefferiesMassResearch, Placer (80 bps)

and held the #1 relative foot traffic position. This performance was driven by COST (up ~107 bps)

and Sam's Club (up ~73 bps), which saw the 1st and 3rd greatest accelerations among all retailers Club includes BJ's, Costco, Sam's Club;

and moved up 1 and 2 spots, respectively, in relative foot traffic rank. The Mass channel again Discount includes Aldi and Trader Joe's;

saw the sharpest sequential deceleration among all channels at down ~80 bps, though held the #2 Grocery includes Ahold Delhaize, Albertsons,

relative foot traffic position. Mass sequential performance was most pressured by Target (down HEB, Kroger, Meijer, Publix, and Walmart

~104 bps), the worst among all retailers, and Walmart U.S. (down ~55 bps).