MINNEAPOLIS — Although Target Corp. here expects to take market share away from the grocery sector as it expands its food offerings, Wal-Mart Stores is likely to cause more damage, Douglas Scovanner, Target's executive vice president and chief financial officer, told an investors conference late last month. While Target has only a 1% or 2% market share in dry groceries, dairy and frozen foods, “Wal-Mart nationally is in the 20s,” he said. “So if our P-fresh [expanded food] concept turns ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.