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by Spooky23 2566 days ago
It attracts attention.

It's not very surprising. When you take a broad meta-category like "groceries" and have 10x the number of locations, it isn't shocking that they would move more product.

Trader Joe's and Whole Foods target specific demographics. I live in a metro area of about 300k people and there are 1 each Trader Joe's and Whole Foods. There are probably 40-50 CVS outlets. Their sole income driver is margin on food. CVS focuses on market saturation -- their profit driver is drugs (a market in which they vertically integrate distribution) that are mostly 3rd party paid. They survive in food deserts because the money made on drugs offsets heavy shrink losses.