Walmart's Winning More Than Half of All New Online Grocery Shopping
Social distancing has more people shopping for groceries online instead of going into crowded stores that might not even have every item they need in stock. One-third of shoppers surveyed by Gordon Haskett Research Advisors last Friday said they bought groceries online last week. It was their first time buying groceries online for 41% of those shoppers.
Among those new online grocery shoppers, one retailer is preferred far more than others. Walmart (NYSE: WMT) captured 58% of all orders, according to the survey. The next closest competitor is Amazon (NASDAQ: AMZN), with just 14% of orders from new online grocery shoppers. America's second-biggest physical grocery retailer, Kroger (NYSE: KR), accounted for 6% of new orders.
Image source: Walmart.
Source Fool.com
