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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Specialty grocers will hit the gas while HEB and Wal-Mart slow down

H-E-B @ 1601 Nogalitos

HEB will only deliver two new locations in 2017.

Two of the largest retailers in San Antonio’s grocery sector will back away from the aggressive expansion plans they’ve fueled over the past several years, leaving some breathing room for the smaller retailers to build some momentum.

H-E-B and Wal-Mart Stores Inc. (NYSE: WMT) will hit the reset button come 2017, with H-E-B planning to deliver just two new San Antonio stores and Wal-Mart reportedly building none.

Natural Grocers (NYSE: NGVC) and new name Mercado del Pueblo are hunting for additional space in San Antonio after opening or planning to soon open their first locations in the city. Additionally, discount grocery retailers Aldi and Lidl are planning to open locations across San Antonio starting next year.

H-E-B and Wal-Mart’s grasp on the local grocery market has left just a sliver of opportunity leftover for other retailers. However, specialty and smaller concepts such as Natural Grocers, Trader Joe’s and potentially Aldi have slipped in to target smaller subsets of the city’s growing population.

Click here to read the full article: Specialty grocers will hit the gas while HEB and Wal-Mart slow down San Antonio Business Journal 11-7-2016

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