EQUITY RETAIL BLOG

Bottom Dollar opens store in Philly food desert Brewerytown

Discount grocer Bottom Dollar, which now has 40 locations in the Greater Philadelphia market, celebrated the opening of its store in the Brewerytown section of Philadelphia last week. The store was reportedly built with the help of municipal subsidies and is being hailed as the neighborhood’s first supermarket in more than 10 years. The next […]

Save-A-Lot grocery store closes in Bristol, PA

The Save-A-Lot grocery store in Bristol, PA closed earlier this month. It had been in operation for about 10 years. Save-A-Lot’s parent company, Supervalu (Acme, Albertson’s, etc.) has been suffering significant losses for the past three to four years and is actively pursuing a buyer. Several analysts believe Save-A-Lot is one of the most desirable […]

ShopRite planning restaurant (with beer!) in East Norriton

ShopRite is looking to join Wegmans and Whole Foods in the restaurant business. The Brown family, which owns 10 ShopRite stores in the Philadelphia region, is in the planning stages for a restaurant in its East Norriton, PA store. The company recently applied for a liquor license, and says it plans to serve craft beer when […]

Supervalu freezes pay, lays off workers as buyer conducts due diligence

Supervalu, the troubled supermarket chain whose banners in the Philadelphia region include Acme and Save-A-Lot, announced last week it would implement a pay freeze for all employees at its corporate headquarters in Minneapolis, MN. The company said it will also reduce or suspend matching contributions to employees’ 401(k) plans starting next year. Earlier in the […]

Three Super Fresh stores to close in NJ

A&P has announced it will close three New Jersey Super Fresh stores in January. The stores are located in Evesham (Marlton), Haddon Township and Plainsboro. Since New Jersey-based A&P filed for bankruptcy protection nearly two years ago, several of its banners have closed in the state, including many Pathmark stores and a Super Fresh. Stores […]

Audubon store to be last Genuardi's standing

It appears that by the end of the year there will be one Genuardi’s grocery store left. With the Evesham, Egg Harbor and Barnegat stores slated to close soon, Audubon, PA will be home to the only remaining Genuardi’s.   Earlier this year, Genuardi’s closed stores in Royersford, Exton and Norristown. Over the summer, 15 […]

Good Cents discount grocer to debut in Pittsburgh

Discount grocery store “Good Cents Grocery + More” will open its first location this month in Pittsburgh. Owned and operated by Giant Eagle, the new banner will compete directly with Bottom Dollar. Giant Eagle already operates seven Valu King discount grocery stores, but said the new concept is “an evolution” of the Valu King format. […]

Wawa opens sixth Florida store

Wawa opened its sixth Florida store late last month. The company began opening stores in Florida in July, and has plans for 25 more in 2013, with a total of 100 new stores in five years. The six operating stores are in Orlando and Kissimmee. Expansion to the Tampa area will begin next year. Wawa […]

Wakefern reports gain in yearly retail sales

Wakefern Food Corp. announced that retail sales were up 6.4% to $13.6 billion for the company’s recently completed fiscal year. In addition, warehouse sales for the cooperative wholesaler and ShopRite parent company were $10.1 billion. For the year, 10 new ShopRite stores and one new Price Rite discount store opened.

Weis Markets 3Q results include higher earnings, lower sales

Weis Markets announced its third quarter earnings recently, which were highlighted by a 1.2% increase in net income to $17.2 million. In addition:   Earnings per share increased 1.6% to $0.64 per share as compared to the same period one year ago. Operating income increased 1.3% to $26.5 million. Sales decreased 1.5% to $668.4 million. […]