EQUITY RETAIL BLOG

Walmart to Add Over 200 Gas Stations

Walmart reached an agreement with Murphy Oil Corporation to add gas stations to over 200 Supercenters. The gas stations will be added over the next three years.   Dividend.com Article  

Weis opens large, green supermarket in Fogelsville

Weis Markets opened its newest store earlier this month in Fogelsville, and at 65,800 square feet it’s the company’s largest in the Lehigh Valley. It is also expected to be the Valley’s first grocery store to be LEED-certified by the U.S. Green Building Council. According to Weis, the store will use approximately 22 percent less […]

Dollar General cautious, but still planning hundreds of new stores

Despite strong third quarter sales and earnings results, Dollar General CEO Rick Dreiling is cautious about the fourth quarter. He says customer spending has been erratic, which indicates uncertainty about the economy. “It is my belief that our core customers are concerned about their financial outlook, which is resulting in a dynamic that is driving […]

Giant's 100th fuel station opens in Souderton

Giant Food Stores opened its 100th fuel station last week, which is located in front of a Giant store in Souderton, PA and directly across from a Super Wawa. Giant opened its first fuel station in 1998, and has recently been adding stations in the Philadelphia market. There are a number of developers looking for […]

Progress on Philly's Main Line LA Fitness

LA Fitness is working though the obstacles at Federal Realty’s Wynnewood Shopping Center… Main Line Media News Article

Tesco to shut down Fresh & Easy chain

Tesco, the British supermarket giant and the world’s fourth largest retailer, announced it will sell or shut down its 200 Fresh & Easy grocery stores. All of the stores are located in California, Arizona and Nevada, and the banner is Tesco’s only U.S. asset. Fresh & Easy began with its first store in Phoenix in […]

Talks heating up between Supervalu and Cerberus

After reports last week that talks between Supervalu and Cerberus Capital Management had cooled, it looks like they have heated up again. A businessweek.com report earlier today says that the struggling national grocery chain is “moving toward a deal” to sell Albertsons and Save-A-Lot to Cerberus. Previous discussions centered around Cerberus buying the entire company, […]

First Target Small Format Stores Successful

The first stores ranging from 60,000 to 100,000 in Chicago, Los Angeles, and Seattle are proving successful. ICSC Article

The Fresh Market reports increases in sales, income

The Fresh Market reported an excellent third quarter yesterday, although analysts had hoped for better results.   Net income for the quarter grew to $10.9 million, a 19% gain as compared to the same period one year ago. Sales reached $321.5 million, a 22.1% gain. Income per share was $0.23, compared to analysts expectations of […]

Peapod by Giant online grocery service to expand

Ahold (Giant, Stop & Shop) officials were in Philadelphia yesterday, where they said the company will accelerate investment in its Peapod Internet shopping site. CEO Dick Boer said the growth of online shopping is the “biggest shift” in the retail food landscape. “People want to shop online,” he said. “More and more are selecting the […]