EQUITY RETAIL BLOG

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 […]

Redner's to add third store in Delaware

Redner’s Markets, the employee-owned company that currently operates 40 Warehouse Markets and 16 Quick Shoppes in PA, DE and MD, has finalized plans for its third Delaware location. The new store will measure approximately 48,000 square feet and feature a self-service fuel station on the property. It will be located on DuPont Highway (Rt. 13) […]

Winn-Dixie to merge with Bi-Lo... who's next?

Although the impending merger between Winn-Dixie and Bi-Lo doesn’t affect the Greater Philadelphia market, it’s newsworthy nonetheless. It is widely expected that we will see more such mergers and/or acquisitions in the coming months and years. And the next transaction – if the many rumors are true about Giant (Ahold) and Genuardi’s (Safeway) – may […]

Would You Bet on These 6 Department Stores?

In this article, this author is positive when it comes to Dillards, J.C. Penney, Kohl’s, Macy’s, Sears Holdings Corporation, and TJX Companies.  In my experience and research, TJX has consistently performed well.  Kohl’s has been strong, but shown some recent sales concerns.  J.C. Penney looks like it will do three or four new locations next […]

New Store Announcements; November 16-30

I am catching up on my blog posts.  With the New York Shopping Center Convention and back to back tenant tours, time has been tight.  Enjoy the holidays. The following are new stores announced in periodicals and on various web sites.   Books A Million – Ames, IA Books A Million – Edwardsville, IL Books […]

Wegmans MA store (70,000 SF) to be smallest in a decade

Last Monday, Wegmans announced that its upcoming store in Newton, MA (a densely-populated suburb that borders Boston), planned for 70,000 SF, will be its smallest in a decade. By comparison, the nearby Northborough, MA location is 138,000 SF, and the store recently announced for Montgomeryville, PA will be 120,000 SF. A Wegmans spokesperson said the 70,000 SF footprint […]

Coke and Herrs chips top edible grocery sales in the Delaware Valley

The Food Trade News is a great source of valuable news for me, and it’s also a great source for not-so-valuable-but-interesting information. For example, the November 2011 issue includes the list of the Top 200 Edible Grocery Items by dollar sales in the Delaware Valley. Not surprisingly, Coke (Classic) is tops, with nearly $25 million […]