EQUITY RETAIL BLOG

Safeway to dispose of Dominick's chain in Chicago

Safeway announced last week that it plans to dispose of its 72 Dominick’s supermarkets in the Chicago area. Safeway is also the parent company for Genuardi’s, which recently exited the Philadelphia market (with the exception of one yet-to-close store in Audubon, PA). Dominick’s had a loss of $31.5 million for fiscal 2012, and losses are […]

Proposed mixed-use development in Lower Macungie to include Weis Markets

Earlier this week developers of a proposed residential and retail center in Lower Macungie Township shared their plans with the township’s Planning Commission. Remington Property Corp. plans to build apartments, a 75,000 square foot Weis supermarket, a gas station and two restaurants at the corner of Route 100 and Gehman Road. Weis is currently located […]

Giant to close Warrington, PA store

Giant announced last week that it is closing its Warrington, PA store on November 2. The store was a former Genuardi’s supermarket that Giant purchased in 2010. The 49,000 square foot store is in PREIT’s Creekview Shopping Center. Co-tenants include Lowe’s, Target and LA Fitness. Wegmans and BJ’s Wholesale Club have stores within a half […]

Bottom Dollar opens 40th store in Philly market

Bottom Dollar’s new store in Levittown, PA, which opened last week, is the discount grocer’s 40th store in the Philadelphia market. Overall, the company operates 59 stores in New Jersey, Pennsylvania and Ohio. Bottom Dollar is a division of Food Lion, which is owned by Delhaize.

Tesco's Fresh & Easy chain files for bankruptcy protection

After much speculation, Tesco’s Fresh & Easy Neighborhood Market has filed for bankruptcy protection, just weeks after it was announced that Yucaipa Cos. would buy most of the chain’s stores. The bankruptcy filing lists debts of more than $500 million and assets of $100 – $500 million. According to Fresh & Easy, the move is […]

Nonprofit supermarket set to open in Chester this weekend

Fare & Square, a nonprofit grocery store created by Philabundance, also a nonprofit organization, plans to open this Saturday in Chester, PA, a community declared as a food desert by the federal government. The government defines a food desert as a low-income area lacking ready access to healthy food. The $7 million store is the […]

Acme in King of Prussia to take on Wegmans

The Philadelphia Business Journal and The Times Herald reported this week on Acme’s recent makeover in King of Prussia, as the former market leader attempts to battle with Wegmans and other local food retailers for market share. According to the articles, Acme has lowered prices on 7,000 grocery items, eliminated its loyalty card and made some […]

Weis Markets CEO resigns

Weis Markets announced yesterday that CEO David J. Hepfinger has resigned as CEO “to pursue other interests.” Jonathan Weis, the company’s vice chairman, has been named CEO on an interim basis. Hepfinger served as CEO for more than four years, during which time the supermarket chain experienced significant store expansion and renovation programs, including the […]

Supermarket analysts expect more industry consolidation

Supermarket analysts gathered at the 18th annual Supermarket News Analysts Roundtable in New York earlier this week and agreed that a new wave of consolidation will hit the industry in the near future, and that Kroger may lead the way as a buyer. In the last two weeks two major deals have been announced: Albertsons LLC agreed […]

Sales increase at Food Lion, Bottom Dollar still not profitable

Delhaize Group sales and earnings increased in the company’s second quarter due in part to sales increases at Food Lion, according to a company statement issued last month. U.S. sales for Delhaize, which includes Food Lion, Hannaford and Bottom Dollar, improved 0.4% to $4.25 billion, as compared to the same period one year ago. Margins […]