BUSINESSFOX NEWS
Wealthy Americans choose one grocery store chain over rivals, survey finds
A YouGov survey found that 11% of higher-income Americans (earning at least $150,000 annually) primarily shop at Costco, the most among grocery retailers, followed by Kroger (10%) and Walmart Supercenter (8%). Walmart Supercenter was the most popular among middle- and lower-income shoppers (20%), while Costco membership costs range from $65 to $130 annually. Analyst Phil Lempert attributed Costco's appeal to its bulk sizes and value for larger households.
Mentioned
Related Signal
Adjacent reporting
- Waitrose is cheaper than Sainsbury's and Tesco if you don't have a Nectar or Clubcard (but one budget retailer still wins out over the loyalty schemes)
- I took an identical grocery list to Costco, Walmart and Target. The price difference for everyday items will shock you... but here's why I don't think the cheapest store is worth it
- America’s biggest grocery store chain slashes prices on thousands of items as affordability war ramps up
- How a Major Grocery Store Chain Can Dramatically Lower the Cost of Food