Retailers to Watch in 2023: H-E-B
Each year brings with it a new set of challenges to the nation’s retailers, and 2022 was no exception. Consumers evolving their shopping habits while also facing inflation rates not seen in a generation required retailers to be nimble to meet the needs of their customers.
As 2022 comes to a close, Store Brands has put together a list of 10 retailers we
think are worth watching closely in the New Year. From leading grocery chains
to growing e-commerce players, the coming 12 months will see retailers face new challenges, revamp product assortments and provide consumers with new options to meet their ever changing demands.
The profiles of the 10 retailers Store Brands has selected will provide you an overview along with our thoughts on why each is worth watching in 2023.
Overview
With nearly 120 years in business under its belt, H-E-B has become arguably the most dominant
retailer in the Lone Star State. With more than 420 stores in Texas and Mexico, the chain has grown to rival Walmart in the country’s second-most populated state.
H-E-B’s continued growth makes it a model for other retailers looking to dominate in a specific region or state.
What to Watch
H-E-B’s takeover of its home state has been nothing short of fascinating. To put it simply, the retailer has mastered the art of dominating its home market.
The San Antonio-based retailer, which offers private label grocery along with home items, serves more than 150 communities in Texas and continues to expand its presence in the major metropolitan areas.
In November, H-E-B even opened three stores on the same day: one in the Dallas-Fort Worth area, and two in the Houston area. To keep up with its growing store count, H-E-B announced expansions of its supply chain over the summer. The retailer will grow its Temple distribution center by 325,000 square feet, adding an automatic frozen distribution line. H-E-B opened its newest e-commerce fulfillment center in Leander over the summer, marking the fifth facility to open since 2018.
Through high-quality private label products and a customer-favorite e-commerce service, H-E-B has quickly become one of America’s fastest growing retailers. As a sign of its customer popularity, H-E-B recently debuted its first collection of branded merchandise.
With Texas becoming one of the fastest growing states in the country, H-E-B will have plenty of opportunity to continue growing its store count and reaching new customers in 2023, with the ability to potentially add states nearby to its footprint. Watching H-E-B grow and how it impacts its retail competitors will be closely watched in the New Year.