EQUITY RETAIL BLOG

Supervalu to decentralize banners, focus on Save-A-Lot pricing

CEO Sam Duncan said this week that Supervalu’s focus would be to decentralize its retail banners, pricing at Save-A-Lot, and recharging its wholesale business. His comments came as the company announced its fiscal fourth quarter earnings, which were significantly affected by the costs associated with the recent sale of five banners to a group led […]

Weis Markets targeting Bedminster, PA for new store; to spend $135 million on CapEx this year

Last week Weis Markets presented its plans to the Bedminster Township planning commission for a 63,000 square foot supermarket and adjacent gas station at the corner of Routes 113 and 313 in Bucks County, not far from Doylestown. Meetings with the Board of Supervisors and the town’s municipal authority are planned for the coming months. […]

ShopRite to open store in Camden County's Lawnside Township

Wakefern Food Corp. announced earlier this month that Somerset Stores, owned by David and Renee Zallie, will begin construction on a new ShopRite to open in Lawnside, NJ. The Camden County town is best known for its establishment in 1926 as the first independent self-governing African American community north of the Mason-Dixon line. The 56,000 […]

Ahold denies plan to reduce number of banner names in U.S.

Earlier this month a spokesperson for Ahold USA said rumors about reducing the number of banner names in the U.S. was false. A Dutch newspaper had said that Ahold wanted a greater presence and therefore might prefer one common U.S. banner. Ahold currently operates under the Giant, Martin’s and Stop and Shop names, as well […]

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 […]