EQUITY RETAIL BLOG

Weis to buy three PA Genuardi's stores

PA-based Weis Markets, which operates 161 stores in five states, announced in a press release earlier today that it was buying three Genuardi’s supermarkets in Pennsylvania. The locations are Conshohocken, Doylestown and Norristown (Germantown Pike). No sale price was disclosed, and Weis said the stores would continue to operate as Genuardi’s while the deal was […]

DDR to help small businesses through new program

DDR, owner of more than 500 shopping centers in 41 states, Puerto Rico and Brazil, announced last week the launch of Set Up Shop, an incubation program for retailers. Through this new program, the company hopes it will help create a new generation of small-shop tenants for its centers. According to DDR’s press release, Set […]

Supervalu cutting 800 office positions this month

Less than a month after reporting a $750 million quarterly loss and having its Fitch Rating downgraded to B, Supervalu (Acme & Save-A-Lot in the Greater Philly market) announced yesterday that it would eliminate approximately 800 corporate and regional office jobs by February 25. The company is in the midst of a strategy to deliver […]

Giant buys two supermarkets in the Baltimore area

Giant said last week that it has reached an agreement with Natural Market Restaurant Group to buy two Fresh & Green’s stores in the Baltimore area. Both stores were among the eight Fresh & Green’s branded stores that Natural Market Restaurant Group bought from A&P last year. The transaction could close as early as tomorrow, […]

Golfsmith: 10 New Locations

  Golfsmith Planned New Store Locations In 2012: Cleveland, OH Washington DC metro area — 3 stores Chattanooga, TN Nashville, TN Atlanta, GA Baltimore, MD Christiana, DE San Antonio, TX Yahoo Finance Article Thanks to Dan Adamson or ROI Commercial in Las Vegas for providing the article.  ROI is an active member of the Anchor […]

Costco Looking Strong

I liked this article from Zacks Investment Research on Costco and their performance in 2011. Costco Wholesale Corporation ( COST ) has battled through a tough economy and exited 2011 boldly. The U.S. economy has been reeling under the ongoing financial crisis, whose rippling effects gradually engulfed the global market. Amid this turbulent environment, Costco has almost been able […]

New Store Announcements (December & January)

December & January New Store Announcements: Books A Million – Mays Landing , NJ Buybuy Baby – Jacksonville, FL – 25,000 SF Cabela’s – Snohomish County, WA Costco – Augusta, GA Costco – Sarasota, FL Dick’s Sporting Goods – Bluffton, SC – 30,000 SF Dick’s Sporting Goods – Portage MI HHGregg – Greenfield, WI Hobby […]

Warm January favored restaurants, not supermarkets

According to Planalytics, this January in the Philly area was the third warmest in the last 50 years. The weather favored restaurants and “broadline sellers and home improvement retailers, and punished softline retailers selling winter apparel.” The company said it was a mixed bag for supermarkets, who experienced less “pantry loading” than last year without the […]

ShopRite, with $1.7 billion in sales, leads Philly market in 2011

Last Friday the Philadelphia Business Journal published the list of top companies in Philadelphia’s eight-county area selling groceries, health- and beauty-care products, general merchandise and tobacco products, as compiled by the Food Trade News. Here’s the list: 1. ShopRite – 43 stores with sales of $1.7 billion 2. Acme – 69; $1.57 billion 3. Giant […]

Fourth quarter sales up 5% at Ahold USA

Giant and Stop & Shop parent Ahold USA reported that fourth quarter sales were up 5% compared to the same period one year ago. Total sales for the company’s three divisions – Stop & Shop, Giant-Landover and Giant-Carlyle – were $5.9 billion for the quarter. For the full year, Ahold USA sales increased 6.6% to […]