Analysts are saying that Trader Joe’s, a chain of specialty grocery stores, is widening the price gap between itself and main competitor Whole Foods Market, according to a report by supermarketnews.com.
The analyst compared dozens of similar products sold by the two chains in the New York market and has concluded that Trader Joe’s has a total “price advantage” over Whole Foods of 26 percent, supermarketnews.com reported.
A reporter from businessinsider.com recently compared the prices of 24 items sold by Whole Foods and Trader Joe’s.
The report found a surprising amount of comparable items, but said that, in general, you get more for your money at Joe’s.
Milk was one of the items compared. At Whole Foods, a half gallon was $3.99, while at Joe’s, it was $2.29.
Businessinsider noted that the particular foodstuffs compared were only organic at Whole Foods, but came in organic and other forms at Joe’s.
A package of turkey at Joe’s was $3.29 for a 7-ounce package; at Whole Foods 365, it was $5.99 per 6-ounce package.
The businessinsider.com report was published over a month ago, and may not reflect current prices.