Ukrop’s continues losing market share in Richmond, according to a story in Friday’s Times-Dispatch. Of course, there’s always a huge untapped potential for Ukrop’s: Stay open on Sunday and sell booze.
Ukrop’s continues losing market share in Richmond, according to a story in Friday’s Times-Dispatch.
“A market study released today by Food World, a trade publication that covers the grocery industry in the mid-Atlantic, shows that while more Richmond-area groceries were bought at Ukrop’s, purchases jumped at competitor Food Lion LLC.”
“The biggest growth, according to the study, was for Wal-Mart. Its market share increased with an $11 million increase in sales.”
The super market sector is about to get even more cut-throat, especially for high-end customers who buy “organic.”
Whole Foods will open in West Broad Village by 2009. The oft-raved about Trader Joe’s is expected to open by the end of 2008 at Short Pump Station.
In May’s Richmond magazine, Jack Cooksey writes a LONG feature about the grocery store battles. That piece includes a mini-feature on Bobby Ukrop and his strategy.
“It’s his company’s golden-rule philosophy and selection of prepared foods – made and distributed by the company’s 19-year od central kitchen off of Midlothian Turnpike – that Ukrop says distinguishes his supermarket from his competitors.”
Of course, there’s always one huge untapped potential for Ukrop’s. Stay open on Sunday and sell booze.