EQUITY RETAIL BLOG

Giant opens 76,000 SF store with "Beer Garden" at Haverford's Quarry Center

Giant’s press release about its new store that opened in Haverford’s Quarry Center last week boasts about The Beer Garden and Eatery, which offers food and a selection of craft and specialty beers. The 76,000 square foot store employs 275 workers and includes Giant gas on the property.

Fresh & Easy may exit U.S. market

U.K.-based Tesco, the third largest retailer in the world as measured by revenues, recently launched a strategic review of its struggling U.S. Fresh & Easy Neighborhood Market chain. Many analysts believe the results, scheduled to be announced at the company’s annual meeting later this month, will lead to Tesco exiting the U.S. market. There is […]

Former Broomall Pathmark sold, to be cancer treatment center

The former Pathmark property on Lawrence Road in Broomall was sold by parent company A&P for $4.8 million and will soon become a Chester-Crozer medical center. According to a published report, design plans are moving forward and the facility will be used for a cancer treatment center. A Spring 2014 opening is anticipated. Pathmark closed […]

Supervalu to eliminate 1,100 jobs

Just days after the sale of five of its grocery chains was completed, Supervalu announced it will eliminate about 1,100 jobs, or approximately 3% of its workforce. The company said its remaining business will need fewer corporate and store support roles and functions. Store-level and Save-A-Lot employees are not expected to be affected by the […]

Philly Whole Foods to expand, relocate

Last week the Philadelphia Planning Commission approved zoning changes to the area around 22nd Street and Pennsylvania Avenue that will allow Whole Foods to relocate their existing store to a three-acre site bounded by Spring Garden Street, Hamilton Street, 21st Street and Pennsylvania Ave. A Best Western hotel currently sites on a portion of the […]

ShopRite to open 75,000 SF store in Camden

The news spread quickly yesterday that ShopRite is planning a 75,000 square foot supermarket in Camden, NJ, which would be the first such store Camden has had since the early 1980s. Plans for a 20-acre retail shopping center at South 17th Street and Admiral Wilson Boulevard were unveiled by representatives of the Goldenberg Group and […]

Whole Foods planning a health resort

USA Today reported last week that Whole Foods plans to open an upscale health resort where guests could stay and learn about a healthier lifestyle. The resort would most likely open in Austin, Texas, where the company plans to expand its headquarters. The story says Whole Foods co-founder John Mackey is negotiating for real estate and […]

Walmart ramping up its smaller-format stores

Wal-Mart said earlier this month that its smaller-format stores are making inroads against dollar stores, supermarkets and pharmacies, and that the company will increasingly move toward stores below 60,000 square feet. During the current fiscal year, Wal-Mart’s Bill Simon said they expect to open about 115 smaller-format stores, with The Neighborhood Market and Express locations […]

The Fresh Market sees income, sales rise in fiscal 2012

Earlier this month The Fresh Market reported that net income for their fourth quarter rose 12.6% to $20.6 million on sales of $369.9 million, a 15.3% increase (compared to the same period a year ago). Comparable-store sales rose 1.9% during the same period. For the full year, which ended January 27, net income rose 24.7% compared […]

A&P to see $130 million gain from real estate transactions

A&P, parent company of Super Fresh, Pathmark and others, announced last week that pending leasehold sales and sale-leaseback deals are expected to generate in excess of $130 million for the company. The properties affected were not identified. President Sam Martin said the additional liquidity will help A&P invest in its stores and execute its strategic initiatives. A&P, […]