Below we look at the top 10 competitors of Whole Foods Market.
Walmart is the leading Multinational retail corporation founded in 1962, and incorporated in 1969, it is headquartered in Bentonville, Arkansas. The company is a family business because it is mainly controlled by the Walton family. Walmart company operates across the globe with over 11,500 retail units in 28 countries and as e-retailers in 11 countries.
Target Corporation is one of the largest discount retailer and mass merchandiser in the United States. It offers everyday essentials at discounted prices. The company was founded by George Dayton in 1902 and was called “Goodfellow Dry Goods” at that time.
The Kroger Company is one of largest grocery vendors in United States. The company was founded by Bernard Kroger in 1883. The company has established its headquarters in Ohio.
4. Trader Joe’s:
Trader Joe’s, earlier known as Pronto Market was found several years ago, in 1958, by Joe Coulombe. It is a subsidiary of German supermarket chain ALDI Nord. It has headquarters in Monrovia, California, USA and it is associated with Retail (grocery) industry.
Publix is a Supermarket chain which is employee-owned and has its headquarters in Lakeland, Florida. It was founded by George W Jenkins in 1930. It has its presence in the United States and is the largest employee-owned chain in the world.
Tesco is one of the largest retailers in the world with over 7000 stores in several countries. The stores provide a wide range of products from groceries and clothes to petrol, software and financial services. Tesco is UK’s biggest supermarket with a market share of about 28% and one of the largest in the world by revenues.
Carrefour, in French stands for crossroads, it was created in 1958 by Denis Defforey , Jacques Defforey and Marcel Fournier. It is the second largest hypermarket chain in the world in terms of outlets and revenues, only next to Walmart. The 1st Carrefour store was opened in 1960 and it was not a hypermarket, though in Europe they were the first to open a department store, a large supermarket, and a hypermarket.
With its headquarters in Leeds, West Yorkshire, Asda Stores was founded in 1965 when Associated Diaries of Yorkshire merged with the Asquith family (supermarket owners). After such companies as Allied Carpets, Gateway Supermarkets and MFI during the 80s and 90s. A 6 billion dollar takeover in 1999 by Walmart made it into a subsidiary of the retail giant, one of the largest in terms of market share of supermarket chains.
LIDL is one of the leading retail chains in the world based out of Germany with more than 12,000 outlets. The brand has an annual revenue in excess of €100 billion making it one of the largest retailer brands in the world. Globally, more than 300,000 people are employed with LIDL.
Morrisons was founded in 1899 by William Morrison. Morrisons is headquartered in Bradford, United Kingdom. Morrisons' legal name is Wm Morrison Supermarkets plc and it is traded under the name ‘Morrison’.
To conclude, the above article highlights the various competitors which compete with Whole Foods Market. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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