EQUITY RETAIL BLOG

Staples: Closing Some & Buyout Interest

Staples closing 45 stores in Europe and 15 in the Unted States.  Private equity firms have also expressed interest in purchasing the company.  Business Week Article Staples to close 30 stores Staples spokesman Kirk Saville would not comment as to whether any job reductions are in the works when the company lowers its store count by […]

Supervalu attracting buyers for parts, not the whole

A Bloomberg story reported last week that Supervalu (Acme & Save-A-Lot in the Philadelphia market) has attracted buyers that are interested in parts of the company rather than the whole. Supervalu prefers to sell the entire company, and has extended the deadline for offers past the original October 15 deadline. It has been working with […]

Retail vacancy rate declines in North/Central New Jersey

Although The Goldstein Group says that retail vacancies along highways in Northern and Central New Jersey dropped to its lowest level in three-and-a-half years this summer, their report notes that it’s still a tenant’s market. The vacancy rate dropped to 7.7% (from 7.9%), but 7.6 million square feet of empty space remains along 22 highway […]

Online grocery shopping growing at high rate

Online grocery shopping is increasing at an annual rate of 9.6%, according to research recently published by IBISWorld. The company also estimates that online grocery shopping will be a $9.4 billion industry five years from now. Researches say the growth, which well outpaces the U.S. GDP, is largely due to the economic recovery and the […]

JC Penney: 2 New Stores

Both with PREIT…One in Willow Grove at the Willow Grove Park Mall (125,000 SF, Willow Grove, PA) and one in North Hanover Mall (83,000 SF, Hanover, PA).  Willow Grove is a new location.  Hanover is a relocation and expansion of an existing store on the site.   Daily Finance Article

One View of the Future Box World

Will the ‘please everyone’ box still be needed in the future?  In this particular article, the author states that “smaller stores focused on specific consumers and their needs” will be the wave of the future.   Marketing Daily Article

Food sales boost Family Dollar earnings

Family Dollar reported fiscal fourth quarter earnings yesterday and announced that expanded selections of food played a large part in their sales gains. Overall consumables sales increased by 16% compared to the same period one year ago, with food experiencing double-digit comp-store sales growth. Net income for the quarter increased 1.4% to $80.9 million, with […]

Independent grocers saw net profit gains in 2011

Independent grocery stores, which make up about 5% of the grocery market as compared to 20% 10 years ago, saw average net profits before taxes rise to 1.12% in 2011, a 3.7% gain from the previous year, according to a survey by the National Grocers Association and FMS Solutions. According to the survey, same-store sales […]

Online grocer FreshDirect coming to the Philly market

Exactly one year ago today I blogged about Peapod by Giant’s entry into the Greater Philadelphia market (Peapod by Giant online grocery shopping to serve Greater Philly).  Today I’m writing about FreshDirect.com, although I just gave the lead sentence to its biggest competitor! FreshDirect, which has served the New York metro area for the last […]

A&P to sell Food Emporium's Manhattan stores

The Great Atlantic and Pacific Tea Company (A&P), the parent company of Pathmark and Super Fresh, announced earlier this week it is selling Food Emporium’s 16 Manhattan locations. The stores, its leases and the brand name are for sale.   Earlier this year A&P emerged from bankruptcy as a private company, and also with 75 […]