EQUITY RETAIL BLOG

Three Bottom Dollar stores to close in PA

Delhaize America announced yesterday it would close Bottom Dollar food stores in North Wales, Chalfont and Reading, PA. The company is also closing 33 Sweetbay stores in Florida and eight Food Lion locations in North Carolina, South Carolina and Virginia. All the stores are expected to close by mid-February. Bottom Dollar entered the Philadelphia market […]

Property worth $4.4 billion in Supervalu deal

In a Wall Street Journal story published earlier this week, Karen Short of BMO Capital Markets estimates the property value of the real estate bought by Cerberus Capital Management and its partners from Supervalu to be worth $4.4 billion. The partnership group agreed to pay $3.3 billion for Albertsons, Acme, Jewel-Osco, Star Market and Shaw’s […]

Bottom Dollar parent ousts 15 execs in restructuring effort

Delhaize America CEO Roland Smith sent a memo to employees last week detailing a high-level restructuring that resulted in the ouster of 15 executives. According to reports about the memo, the company failed to realize cost-saving targets that were established last year. The move follows the appointment of new presidents at Food Lion and Hannaford […]

Near Final Approval for Proposed Mt. Laurel, NJ Walmart

The proposed Walmart at Rt. 73 and Fellowship Rd. in Mt. Laurel, NJ is almost near final approval.  See the Philly.com article.   Philly.com Article

Supervalu sells Acme and four other brands; Kimco in on the deal

Supervalu announced this morning it has a deal in place to sell Acme and four other supermarket chains for $3.3 billion to a group led by Cerberus Capital. The Cerberus group includes Kimco, the largest shopping center owner in the U.S., and Lubert-Adler Partners of Philadelphia, among others. Albertsons, Jewel-Osco, Shaw’s and Star Market stores will […]

A&P close to a sale of its Food Emporium chain

According to a story in Crain’s New York Business, the sale of A&P’s 16-store Food Emporium chain in Manhattan is imminent. As of late last month, the investment banking firm Duff & Phelps was soliciting final bids from buyers, including Kings Food Markets, a 24-store chain that operates in New Jersey, Long Island and Connecticut, that […]

7-Eleven to focus on fresh foods

According to a 7-Eleven spokesperson, the company is diving deeper into the competitive food business as it plans to eventually make fresh foods 20% of its total sales. Diminished tobacco sales as well as greater demand for healthier food contributed to the strategy shift. “We have an internal team of experts… working on our fresh […]

New Store Announcements

This list goes all the way back to May of 2012.  I am embarrassed that it goes back so far, but it was crazy busy this year.  Keep in mind it is an unofficial list that we keep over time based on Internet news alerts.  Happy New Year! Barnes & Noble – New Brunswick, NJ – Opening […]

Lowe's to Open D.C. Store

It’s been a while since I have seen news of a new Lowe’s store, so I wanted to bring special attention to this one.     Washington Business Journal Article Fort Lincoln New Town Corp. has locked in a Lowe’s home improvement store for the anchor slot at its Shops at Dakota Crossing that Target […]

Villanova Staples Closing 1/4

Staples in Villanova Closing Staples, the office supply store at 789 E. Lancaster Ave. in Villanova, will close on Friday, January 4. (The closing date was moved to the 4th from the 5th, which is published in the photo for this story.) According to a Staples associate, they have several tables of items that are […]