EQUITY RETAIL BLOG

Study shows Wal-Mart's price advantage over Target is growing

According to Kanter Retail’s semi-annual pricing study, Wal-Mart is widening the gap over Target. A basket of branded goods at the world’s largest retailer was 4% less expensive than the same basket at Target, which represents the largest gap since the study began in 2009. The last time Target’s basket was less expensive than Wal-Mart’s […]

Office Depot & Office Max Merging

The proposed merger between Office Depot and Office Max has been talked about for some time.  The FTC’s involvement and the level to which they will be involved is yet to be determined.  However, here is an interesting take on the situation…. Time Article

Whole Foods to take Genuardi's store in Cherry Hill

Whole Foods has announced it will open a store in the former Genuardi’s site at Ellisburg Shopping Center in Cherry Hill, NJ. Safeway closed the Genuardi’s store last summer after they couldn’t find a buyer for it. Whole Foods plans to renovate the store and open sometime next year. It will be the 13th New […]

McCaffrey's reaping harvest from local greenhouse

McCaffrey’s Market, with stores in Pennsylvania (Yardley, Newtown) and New Jersey (Princeton, West Windsor), is now selling produce “that’s just about as local as you can get,” according to company officials. Produce is bring grown hydronically by New York-based BrightFarms in a newly constructed, 50,000 square foot greenhouse down the road from one of McCaffrey’s stores. “We’re […]

Supervalu gives $23 million to four departing execs

According to documents filed with the SEC, Supervalu is giving $22.78 million in “golden parachutes” to four executives, including CEO Wayne Sales. Sales will receive $12.8 million, about two thirds of which will be in cash. Sales replaced Craig Herkert as CEO last July, and is expected to leave the company when the $3.3 billion […]

Redner's 6th on list of small chains and independents

Last year The Fresh Market and Grocery Outlet were the top two grocers on Supermarket News’ list of Top 50 Small Chains and Independents, but their growth has lifted them off the list and on to the Top 75 list of the largest food retailers and wholesalers in the U.S. and Canada. Last year Grocery […]

ShopRite damaged by Sandy reopens in snow storm

A ShopRite in Hoboken that had been closed since Hurricane Sandy reopened on February 9, the same day Winter Storm Nemo dumped about a foot of snow on the area. Reports say shoppers braved the weather and lined up to see the redesigned store, which features green technologies, new glass doors on dairy and freezer […]

Wegmans on the market in VA

Last week GlobeSt.com reported that a freestanding Wegmans in Fredericksburg, VA is up for sale. The asking price is $25 million – a 4.25% cap rate. The property includes an outparcel that a restaurant could build on, among other attributes. Jonathan Hipp, Calkain Cos. principal, is marketing the property. “I have never seen one for […]

Delhaize America to cut 500 jobs

Delhaize America, the parent company of Food Lion, Bottom Dollar and others, announced yesterday that it will eliminate 500 jobs as part of a corporate reorganization. The jobs lost will be “above the store manager level” and will include 350 current employees as well as 150 open positions. Yesterday’s announcement follows last month’s news that […]

Cerberus to invest in Supervalu, install new leadership

Only a couple weeks after a group led by Cerberus Capital Management agreed to buy five Supervalu grocery chains for $3.3 billion, an investment group led by Cerberus is scheduled to take control of 20-30% of Supervalu and install a new executive leadership group. According to Neil Stern, a senior partner at McMillanDoolittle, it’s a […]