EQUITY RETAIL BLOG

Wegmans leads supermarkets on Best Companies to Work For list

Four supermarket retailers were named to the annual 100 Best Companies to Work For list published last week by Fortune Magazine. Wegmans ranked fourth on the list, followed by Whole Foods Market at #32, Nugget Market (CA) at #34, and Publix Super Markets at #78. Google topped the list, which also included retailers REI (#8), […]

Delhaize to eliminate Bloom, open 7 Bottom Dollar stores this week

In separate announcements last week, Delhaize Group, parent company of Food Lion, Bottom Dollar and other supermarket brands, reported that it will eliminate the Bloom brand and open 14 new Bottom Dollar stores in the greater Pittsburgh, PA and Youngstown, OH markets in the next three weeks. The company currently has 49 Bloom locations, 42 […]

Supervalu reports quarterly loss of $750 million

Supervalu reported a net loss of $750 million – or $3.54 per share – for the quarter ended December 3, 2011. The loss for the same quarter one year ago was $202 million. Sales for the quarter ended December 3 were $8.3 billion, compared to $8.7 billion for the comparable quarter one year ago. Supervalu brands […]

Delhaize closing 126 Food Lions (2 in PA)

Delhaize America announced this morning that it plans to close 126 under-performing stores in this year’s first quarter as part of its “new game plan which is aimed at accelerating profitable growth.” Stores set to close include 113 in the Food Lion chain, 7 in the Bloom chain and 6 in the Bottom Dollar chain. […]

A&P to close 14 stores, including one Pathmark in PA

In the past year, A&P has closed about 60 stores as they make plans to emerge from bankruptcy. And on Monday, 14 more closures were announced. The only Pennsylvania store slated to close is the Pathmark in Upper Moreland (Huntingdon Valley). The other stores include the following: Three NJ Pathmarks (Manahawkin, Kearney and Egg Harbor Township) Six NY Waldbaums and one NY Pathmark Two NJ […]

Macy's 'Trading Cards'

A friend of mine in the business once referred to a retailer’s opening and closing of stores as ‘trading cards’.  In order to survive in any climate, retailers seem to always be ‘trading cards’ in an ongoing attempt to achieve that perfect combination of stores.  It’s when retailers stop trading cards that we should be […]

The Genuardi's list - sold, closing and still for sale...

The news of the sale of 16 Genuardi’s stores to Giant is old news already (it was announced yesterday after months of rumors). Giant (Ahold USA) is paying $106 million in a sale that is expected to close later this year. Safeway, which operates more than 500 stores nationwide under banners such as Safeway, Vons, Dominick’s, […]

Sears Holdings Store Closings

Here is the link for the Sears Holdings list of store closings…..   Closings Stores   To date, Sears has only provided 79 of the 100-120 closing stores. Sears releases partial list of store closings Sears Holdings has released a partial list of the Sears and Kmart stores set to close as a result of […]

Sears Holdings Closing 100-120 Stores

It appears to be finally happening.  After poor holiday sales Sears Holdings will close 100-120 stores. The list of stores has not yet been released.    MSNBC Article Sears Holdings Press Release  Sears, Kmart to shut 100-120 stores Sears Holdings on Tuesday reported a sharp drop in holiday sales compared to a year ago, and […]

Whole Foods resurgence due to cost cutting, more cash in the bank

Brian Gaar of the Austin American-Statesman (Austin, TX) interviewed Whole Foods Founder John Mackey last week, who explained that spending cuts, prudent store openings, a renewed focus on value and an increase in cash reserves are key factors in the company’s rising stock price and strong recovery from the recession. Mackey also weighed in on the […]