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Trader Joe’s has seen strong growth in foot traffic through the first eight months of 2024, according to a new report from Placer.ai, which surmised the additional foot traffic has been driven by consumers continuing to seek high-value products.

According to the report, year-over-year visits at Trader Joe’s are up 8.7% through August, compared to growth of 3% for the broader grocery segment. Additionally, Placer.ai said the share of Trader Joe’s California visitors frequenting other grocery stores has decreased. This suggests that more of its shoppers may be treating the retailer as a one-stop grocery destination.