EQUITY RETAIL BLOG

Consumer Behaviors of 2022 That Will Impact 2023 Retail

A recent Forbes article discusses some of the opposing forces that consumers faced in 2022, including high savings driven by government stimulus versus the high inflation that dug into both wage gains and savings; the low unemployment versus tech hiring freezes and layoffs; and high home values versus increasing interest rates. Every factor that could […]

Discount grocers outpacing traditional supermarkets

Sales growth at discount grocers like Aldi, Lidl and Grocery Outlet outpaced overall grocery sales growth in 2022, according to a report from Coresight Research. The report concluded that “discount channel growth will continue to outpace total grocery growth in 2023 and beyond.” Much of the sales growth by discounters has been fueled by their […]

NJ Developer Enters Philly with Two New Projects

Sitework Already Underway on 404-Unit Development in Northern Liberties Neighborhood New Jersey-based developer Accurate is entering the urban Philadelphia market with a pair of new residential projects getting underway and a third property under contract. Accurate will break ground on developments in two of Philadelphia’s most sought-after neighborhoods this year, delivering a total of 499 […]

Instacart measures how social media trends turn into sales

Instacart released survey data last week showing that 83% of Americans view food and recipe content on social media platforms such as TikTok, Instagram and YouTube, including 61% who view such content at least once per week. However, the data also revealed that “TikTok virality does not necessarily translate into widespread adoption.” Butter Boards were […]

Wawa planning to expand west and south

Following a report in April by the Philadelphia Business Journal that Wawa is plotting the “most aggressive growth” in its history, the company announced earlier this month that it is scouting locations for gas and convenience stores in Ohio, Kentucky, and Indiana. Wawa also has plans to expand into Tennessee, Alabama, North Carolina, and Georgia […]

Inflation is Easing its Grip

The price of gasoline is dropping like a rock. Chicken wings are suddenly a bargain. And retailers drowning in excess inventory are looking to make a deal. After more than a year of high inflation, many consumers are finally starting to catch a break. Even apartment rents and car prices, two items that hammered millions […]

Giant and ShopRite dominate market share in Greater Philly

Food World recently concluded that sales from Giant and ShopRite totaled more than 56% of the overall grocery market in the eight-county Philadelphia area during the 12-month period that ended March 31, 2022. According to the report, Giant had a 30% share of the market compared to a 26.6% share for ShopRite. The eight counties […]

Grocery store sales help lift October retail sales

According to the U.S. Census Bureau, advance estimates indicate that nationwide retail sales picked up slightly in October, with grocery stores among the leading drivers. The Bureau’s report said October retail and foodservice sales totaled $694.52 billion, up slightly from September but up 8.3% from October 2021. Grocery store sales for October were estimated to […]

BJ's sales gains to spur continued expansion

BJ’s Wholesale reported double-digit sales gains for its third quarter, with total revenues – including membership fees – up 12.2% as compared to the third quarter last year. The company also noted that inflation abated on some commodities, including chicken, milk and cheese, and that they experienced heavy spending from lower-income customers. BJ’s also said […]

It's Looking Good For The Holidays!

Retail Sales Jump Retail sales were up 1.3% for October (seasonally adjusted) from September, indicating that consumers continue to spend despite rising prices. Many retailers, including Walmart, Amazon and Target, started early holiday sales in October, giving shoppers access to great deals early in the season. Year over year, sales were up 8.3% compared to […]