The equity market benchmark indices are collectively in a downturn. The Dow Jones Industrial Average (DJIA) is 0.3% lower on the week, while the S&P 500 has declined 1.6% week-to-date. And the Nasdaq Composite is deep into correction territory, sliding 3% this week.
Grocery stores and the discount retail industry usually hold up well during stock market volatility. In addition, the U.S. supermarket and grocery store industry’s revenue is expected to hit $765.20 billion in 2022.
