Someone posted this in another forum. As of a year ago, Hy-Vee's market share for groceries in Des Moines was 32%, with Fareway at 10.2%. I'm not sure if there's anything in there I'd consider a surprise...perhaps Sam's Club.
But Costco nearly matched Sam's with only one location. I'm guessing having a second store will shake up the Des Moines market considerably. Throw in Fareway growing plus consumers getting spooked at higher prices and it's easy to see why Hy-Vee would be nervous. It's a bad time to have years of bad decisions coming home to roost.
Its huge role in distributing COVID-19 vaccines could also boost its status.
www.axios.com