What Is The Kroger Company?
The Kroger Company is an American retail company that was founded in 1883 by Bernard H Kroger, and B. A. Branagan in Cincinnati, Ohio, which is still the headquarters of the company with the name The Great Western Tea Company. It became the world’s third retailer and the largest chain of freestanding supermarkets in the USA as of the 21st century. The operation contains 2750 grocery retail stores, 170 jewelry stores, 35 food production or manufacturing facilities, 1585 supermarket fuel centers, and also 2256 pharmacies under a variety of banner names. Let us know about ’10 Kroger Competitors’.
Kroger Competitors
Even though Kroger Company is one of the biggest retail stores in America there are still a lot more stores that offer good quality products at low prices. Here are some of the top 10 Kroger competitors out there.
Target
Target is an American retail store established in Minneapolis, Minnesota in the year 1962 firstly under the name Dayton Dry Goods Company and then later as Dayson Hudson Corporation. After 2000, the company changed its name to Target Corporation.
It is the biggest second cut-price retailer after Walmart and the eighth largest retailer in the USA with revenue of $93 billion in 2020. Therefore, Target counts as one of the main competitors of Kroger stores but is still behind Kroger in terms of total revenue.
From both of the brands, you can buy the essential items you want. However, if you are looking for products with more range of brands or products with more quality Kroger is a better option for you. With this said, the prices are relatively higher at Kroger’s stores.
Walmart
Walmart Company was founded in 1962 by Sam Walton in Rogers, Arkansas. Walmart is an American retail institution that is multinational. The corporation contains around 10556 stores in 24 countries within itself. It only held stores in the South and Lower Midwest until it expanded beyond in the early 1990s, then became the largest retailer in the United States in 1998.
Although the price range varies by the types of products, usually expenses at Walmart are 4% lower than at Kroger. One other advantage Kroger has against Walmart’s cheaper prices is the diversity in products and brands. It is more likely to find the good you are looking for at Kroger.
Amazon Online & Amazon Fresh
Amazon was founded in 1994 by Jeff Bezos and became one of the most successful online retailers there is.
Amazon might be the biggest competitor of Kroger Company because the product variety is Kroger’s leading advantage and yet still can’t touch Amazon.
Another thing worth mentioning is the utilization of artificial intelligence within the body of Amazon Fresh Stores. Anything you buy is automatically added, removed, or replaced from your virtual cart. In order to compare this, Kroger started automated fulfillment warehouses.
Costco
On 15th September 1983, Jim Sinegal and Jeffrey Brotman established Costco Wholesale Corporation in Washington, USA. As of 2020, Costco became the fifth largest retailer around the globe and its revenue exceeded $163 billion.
Costco is better for purchasing wholesale at lower prices including electronics, and clothes alongside groceries.
Costco is a Warehouse Club, while Kroger operates as Marketplace Stores and Price-impact warehouse stores. Kroger is also taking a step into the warehouse market model too.
Meijer
Meijer is a chain supermarket throughout the Midwest, founded by Hendrik Meijer 88 years ago in Greenville, Michigan.
Meijer’s affordable prices are what make it a competitor of Kroger because Korger is much more reachable than Meijer. Meijer has 2700 stores in 35 states with a revenue of $19.5 billion.
Albertsons
Albertsons Companies is an American and centered retail store based in Boise, Idaho. It is counted as the second-largest supermarket chain in South America after Kroger with 2253 stores and 270000 employees as of 2020.
They both have similar product types, prices, and quality.
Aldi
Aldi is a German food market that carries on a worldwide business with affordable prices. It is operated from two different centers: Aldi Nord and Aldi Süd. This store runs 6816 locations in the world and 2100 ones only in the USA.
They both have a wide range of products but the receipt will be less at the end of shopping in Aldi, especially in grocery stores.
Publix
Publix Super Markets Inc., commonly known as Publix, is a private company that belongs to the Jenkins family and its employees, which was founded by George W. Jenkins in 1930.
Kroger offers lower expenses and has more widespread locations than Publix, but they are alike in the wide range of their products.
Whole Foods Market
It is an American multinational chain supermarket that sells products without hydrogenated fats or artificial colors and flavors. It is the 10th largest retailer in the USA.
Its product varieties and revenues have increased after Amazon acquired Whole Foods Market.
Safeway
In the list of largest retailers in the USA, Safeway comes in fifth place. It has around 900 locations all over the USA with revenue of over $69 billion. With Safeway’s Safeway Club card customers are able to earn points, which come back as special offers and rewards, while Kruger’s program only allows you to get fuel at a lower price. Notwithstanding that, they both offer quality products with budget-friendly figures.
Conclusion
Now we have learnt about “10 Kroger Competitors”, Kroger’s competitors are mostly chain supermarkets including Costco, Whole Foods Market, Target, and Walmart along with the eCommerce pioneer Amazon. Nevertheless, Kroger still manages to be at the top of the chain of supermarkets in the USA alone with its revenue of $132.5 billion in 2020.
