{"id":4839,"date":"2012-11-27T14:51:04","date_gmt":"2012-11-27T19:51:04","guid":{"rendered":"http:\/\/acornabbey.com\/blog\/?p=4837"},"modified":"2012-11-27T14:51:04","modified_gmt":"2012-11-27T19:51:04","slug":"competition","status":"publish","type":"post","link":"https:\/\/acornabbey.com\/blog\/?p=4839","title":{"rendered":"Competition"},"content":{"rendered":"

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\nNo crowded aisles today at Whole Foods<\/em><\/p>\n

A few weeks ago I mentioned that a new Trader Joe’s has opened less than a mile from Whole Foods. Yesterday, on a Monday morning, Trader Joe’s was busy. But Whole Foods was as un-busy as I’ve ever seen it. It’s interesting that Trader Joe’s seems to siphon off so many customers from Whole Foods, because they’re not the same kind of store.<\/p>\n

For one, Trader Joe’s doesn’t carry a lot of stuff. If you read up on the grocery business, you’ll learn that the bigger grocery stores may carry up to 50,000 items. Trader Joe’s carries only about 4,000 items, and 80 percent of them are Trader Joe’s own brand. Trader Joe’s is a nice supplement and cost-reducer for grocery shoppers, but most people are going to have to shop somewhere else as well.<\/p>\n

Still, I doubt that Whole Foods is hurting. They have one of the highest pre-tax profit margins in the grocery business, 4.3 percent. The average for the grocery industry as a whole is closer to 1 percent. As for Trader Joe’s profits, very little is known because the company is privately held.<\/p>\n","protected":false},"excerpt":{"rendered":"

No crowded aisles today at Whole Foods A few weeks ago I mentioned that a new Trader Joe’s has opened less than a mile from Whole Foods. Yesterday, on a Monday morning, Trader Joe’s was busy. But Whole Foods was as un-busy as I’ve ever seen it. It’s interesting that Trader Joe’s seems to siphon … Continue reading “Competition”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[],"class_list":["post-4839","post","type-post","status-publish","format-standard","hentry","category-economic-issues","category-food"],"_links":{"self":[{"href":"https:\/\/acornabbey.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/acornabbey.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/acornabbey.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/acornabbey.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/acornabbey.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4839"}],"version-history":[{"count":0,"href":"https:\/\/acornabbey.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4839\/revisions"}],"wp:attachment":[{"href":"https:\/\/acornabbey.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/acornabbey.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/acornabbey.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}