EQUITY RETAIL BLOG

Best Buy Closing Stores

Best Buy plans to close 50 of its stores (Approx. 3.6%), eliminate 400 corporate jobs, and reduce costs by $800 million.   Business Week Article

Modell's Going for 5 More NYC Stores

They are going toe to toe with the competition….See The Real Deal article for more. Fresh off opening three metro-area stores this month, sporting good retailer Modell’s is planning to add five New York City stores this year, Crain’s reported, as the family-owned store tries to keep its expanding rivals at bay. “We want to […]

A&P gets B- rating from S&P

In assigning newly reorganized and private company A&P a B- credit rating and negative outlook last week, Standard and Poor’s said the company should be able to maintain adequate liquidity and improve its overall performance in the coming years, but will still lag competitors’ operating metrics and be vulnerable to sales declines and a slow […]

ShopRite workers approve new labor agreement

We’re used to reading about problems between supermarket chains and their unionized employees, just as we’re used to reading about ShopRite’s success and climb to supremacy in the Greater Philadelphia Region. So, it should come as no surprise that 24,000 workers at ShopRite and Stop & Shop stores in New York and New Jersey represented […]

Dollar General's 10,000th store to be a grocery market

In a few days Dollar General will open its 10,000th store, and it will be a Dollar General Market, which resembles a “price-impact grocery store,” according to company officials. The store will open in California, where the company’s Market format is expected to see significant growth. During a conference call to discuss fourth quarter results, […]

Swiss Farms debuts drive-up grocery

The first of five Swiss Farms stores planned for Charlotte, NC that feature a drive-up grocery opened last week. According to its website, the company, based in Broomall, PA, “has been a drive-thru tradition of quality and convenience since 1968.” In addition to the new location in North Carolina, there are currently 13 Delaware County […]

Cabela's Trying Smaller Space

Cabela’s is best known for their massive super stores.  Now, they are trying 40,000 SF Outpost stores in markets with less than 250,000 people.  They plan to open 5 in 2012 and 3 in 2013.   Market Watch Article

Walmart to reportedly lower grocery prices

Although Walmart officials remain mum on the subject, several publications have reported that the world’s largest retailer is determined to regain its image as the low price grocery leader and lure back customers who are frequenting dollar stores and discount grocery chains. The speculation is that Walmart is putting pressure on its food suppliers to […]

A&P emerges from bankruptcy as private company

In a statement today, A&P said it emerged from bankruptcy as a private company, having completed a court-approved financial restructuring. It had filed for bankruptcy in December 2010. The company said that JPMorgan Chase and Credit Suisse arranged for $645 million in exit financing. A&P also said that it assembled a new management team, refurbished […]

Genuardi's - Giant conversion to take three weeks

Speaking about the conversion of 16 Genuardi’s stores to Giant supermarkets in a recent interview with Supermarket News, Ahold USA COO Carl Schlicker said he anticipates that “from the time we’re able to start we’ll have them converted within three weeks.” He explained the general strategy for the stores as returning to “some of the […]