Everyone still shops for food but how much of it do you buy at traditional supermarkets?
Wake up and good morning. The parent of Tampa's Sweetbay Supermarket, Belgium-based Delhaize, has seen its stock drop 52 percent in the past year. Today's Wall Street Journal reports that traditional supermarkets are losing business both to high-end stores like Whole Foods, low-end providers like Dollar General, players like Wal-mart and Target that use lower-priced food to build store traffic and warehouse clubs like Costco. States the Journal: "Americans still shop for groceries. They're just not doing it so much at supermarkets."
-- Robert Trigaux, business columnist, Tampa Bay Times