Meijer is a giant supercenter located in the Midwest with more than 240 locations and an average of $19.6 Billion annual revenue. The renowned store has a variety of products in stock, ranging from groceries to general merchandise.
However, Meijer is not the only supercenter in the US. Therefore, it is faced with lots of competition. Here are the eight biggest Meijer competitors!
Who Are Meijer’s Biggest Competitors In 2023?
Meijer’s top competitors include Amazon, Target, Costco, Kroger, and Walmart as of 2023. Similar to Meijer, these stores deal with groceries and general merchandise. Others like Kroger extend the competition by providing pharmacy services. However, all Meijer competitors strive to provide quality products at reasonable prices. In addition, they target the middle and upper-middle-class market.
Read on for detailed information about Meijer’s biggest competitors, their revenue, and how they compete against Meijer.
Amazon is known to sell a wide range of products, including groceries. Since it is among the leading retailers in the US, it has become a direct competitor to Meijer.
However, Amazon is mainly an online shop where you can order your fresh groceries.
In an effort to compete with Amazon, Meijer launched an online grocery delivery service. The move has now enhanced competition between the two retail giants.
Unlike Meijer, which maintains its brick-and-mortar stores, Amazon maintains refrigerated warehouses where they store fresh groceries.
Therefore, Meijer can sell both online and in-store, but Amazon, too, has a dash cart specific for fresh grocery shoppers.
In addition to groceries, Amazon sells similar general merchandise as Meijer, targeting the same US market.
For this reason, each retailer strives as much to create and maintain their client base.
However, Amazon also targets other markets worldwide, unlike Meijer, whose primary market is the US.
Furthermore, in terms of revenue, Amazon recorded $469.82 billion in the past year. Which is an increase from the previous $386.1 billion they got the year before.
With a revenue of $572.8 billion this year, Walmart is undoubtedly a leading retailer.
Walmart and Meijer are hypermarkets since they sell various products available in grocery stores or retail shops.
Moreover, the competition between the two retailers is brought by the type of products they sell and both having stores in the same states in the US.
Even though Meijer stores are currently present in six states in the US, unlike Walmart, whose stores are spread in all states, Meijer does not take the competition lightly.
Alongside more stores, Walmart outdoes Meijer in its range of products and low prices.
However, to remain competitive, Meijer took the initiative to lower prices, minimize the workforce, and open fewer stores.
Kroger is a significant competitor to Meijer, especially in Michigan. With its vast number of stores, Kroger is more accessible, but the low prices at Meijer attract more customers.
More importantly, Meijer launched home delivery services ahead of Kroger.
Additionally, Kroger and Meijer not only compete in groceries and general merchandise departments but also in the pharmacy department.
As for the revenue, Kroger accumulated $137.9 billion in the past year.
Target is another retailer that gives Meijer a run for its money. It sells similar products and in similar locations.
The products include groceries, electronics, apparel, toys, and home décor. The retailers also provide pharmacy services.
Therefore, only prices and customer service determines which store is better.
As another one of the leading retailers in the US, Target recorded a revenue of .6 billion last year.
Although Costco is a member-only retailer, it has managed to be on the list of leading retailers in the US. It stocks and sells groceries, clothes, and electronics, among other items.
Despite the membership requirements, it competes against Meijer due to the similarity in items sold.
However, Meijer has an advantage over Walmart because it is a wholesale store, meaning lower prices.
In the past year, Costco’s revenue was at 1.4 billion.
Albertsons is a grocery and pharmacy store spread through 34 states in the US.
The competition between this store and Meijer is brought about by both stores selling groceries and providing pharmacy services.
The store aims at providing quality products at affordable prices, like Meijer. Therefore, to beat the competition, each store strives to emerge better than its competitor.
One unique thing about Publix is that it is employee-owned. The store, like Meijer, only operates within the US for both online and in-store shopping.
Additionally, it also sells groceries and prescriptions.
For these reasons, it is not exemptible from the list of Meijer’s biggest competitors.
Publix recorded a revenue of $44.9 billion in the previous year from its 1288 stores in the US.
8. Sam’s Club
Sam’s Club is another member’s only retailer that, on top of selling groceries and other general merchandise, it provides pharmacy services.
The products are similar to those at Meijer, hence the competition.
With a revenue of $572.8 billion this year, Sam’s Club is a store worth Meijer’s competition. In addition, the club has 600 stores spread across 44 states in the US.
Meijer faces enormous competition from leading retailers such as Amazon, Walmart, and Kroger. In addition, all stores strive to provide quality products and services to their customers at fair prices.
The competition hastens when Meijer deals with wholesale clubs such as Sam’s Club and Costco because these stores offer very low prices to customers who buy in bulk.