Why Turkey Wednesday Was a Boon for Grocers
The Thanksgiving holiday brought out millions of grocery shoppers last week, and location analytics and insights firm Placer.ai is taking a deep dive into where those shoppers chose to spend their hard-earned dollars on Turkey Wednesday.
In its new report, "Turkey Wednesday 2024: A Veritable Grocery Feast," Placer.ai found that grocery stores saw visits rise by 81% on Nov. 27 compared to a year-to-date daily average. Total grocery store visits on Nov. 27 were up 0.7% compared to last year’s Turkey Wednesday, which occurred on Nov. 22.
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Traditional grocery stores like The Kroger Co., Albertsons Cos. and others experienced bigger pre-Thanksgiving visit boosts than limited-assortment value chains such as ALDI and Trader Joe’s, though the best-performing chains this year were regional players like Schnuck Markets and Jewel-Osco, which saw foot traffic surges of 103.9% and 92.6%, respectively.
Additionally, Food 4 Less, ShopRite, Key Food, Wegmans Food Markets and Stater Bros. Markets saw more than a 90% increase in foot traffic compared to this year’s daily averages.
Those value chains did see other gains, however, with Grocery Outlet and ALDI experiencing year-over-year foot traffic increases of 13.5% and 11.2%, respectively. H-E-B, Ralph’s and Hannaford also saw foot traffic gains over last year’s Turkey Wednesday.
Placer.ai also reported that visits to liquor stores increased even more than visits to grocery stores, experiencing a 186.4% visit spike over last year. The company anticipates the run-up to Christmas to see even more foot traffic at liquor stores.
“Turkey Wednesday 2024 reaffirmed the key role played by traditional grocery stores in the run-up to Thanksgiving,” Placer.ai asserted in its report. “And though supermarkets and liquor stores stole the spotlight, superstores and discount and dollar stores also experienced significant visit upticks – and value chains are steadily growing their pre-holiday audiences.”