Mexican grocery giant Wegmans (Nasdaq: WGM) announced that its online shopping business has surpassed 100 million unique visits.
“The company is currently operating at a growth rate of over 40% year over year and expects to double that next year,” said Sebastian Tzion, executive vice president of global retail operations for Wegmas, in a press release.
The news comes as wegmas continues to focus on expanding into a growing segment of the U.S. market, which is dominated by online grocery.
The company is already the largest online grocery provider in the United States, with sales of over $1 billion a year, according to MarketWatch.
Wegmans has been able to do this by focusing on its stores in the U., but it has also been able to tap into other segments in the country.
In May, wegmas bought a stake in e-commerce giant Shopclues, which was founded in 2008 and has over 1.4 million shoppers.
ShopClues sells merchandise and accessories on the web and through brick-and-mortar stores, and operates more than 200 stores.
Tzion said that wegams expansion into the U is part of its efforts to compete with larger companies in the online retail space.
According to Wall Street Journal, we gams stores sell merchandise on more than 1,200 websites across multiple categories.
As part of its expansion plans, Wegs is also looking to expand into health care, food service, and more.
Tzan said in the release that we will soon begin selling items in the stores that are more than $20 per person.
You can read the full press release below.