EQUITY RETAIL BLOG

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 […]

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 […]