EQUITY RETAIL BLOG

The Fresh Grocer to add 5 stores in underserved communities

The Fresh Grocer, which currently operates seven stores in Philadelphia, Drexel Hill, PA and Wilmington, DE, announced that it has teamed up with the Partnership for a Healthier America and will open five full-service supermarkets in the next five years in underserved communities. The first of the five stores will open in New Brunswick, NJ […]

NJ union workers approve plan to help save A&P

Members of 13 New Jersey chapters of the United Food and Commercial Workers International Union voted earlier this week to approve a deal designed to help get their employer, A&P (Super Fresh, Pathmark), out of bankruptcy. The plan, which was approved 7,200 – 1,827, will lower wages by about three percent and decrease vacation time […]

Thanksgiving weekend produces record sales

Here’s the skinny: $52.4 billion – total sales for Thanksgiving weekend, a 16% increase over last year 226 million – the number of people that went shopping over Thanksgiving weekend, a 6.6% increase over last year $398.62 – average amount spent by shoppers $479 million – web sales on Thanksgiving day, an 18% increase over […]

Bally's Sells 171 to LA Fitness

Bally’s has sold 171 of its existing locations to LA Fitness for about $153 million . Bally’s will retain approximately 100 of its locations in key markets.   Chicago Tribune Article

Sears: Smaller Formats, Web Sales, & Their Brands

Chairman Eddie Lampert is now trying to turn around Sears with smaller format stores, online sales, and relying on their well known brands (Craftsman, DieHard, Kenmore).  Keep in mind, since Lampert took over, he has seen 18 consecutive quarters of declining sales.  Interestingly, Sears has reached agreements with Costco and and Ace Hardware to sell tools […]

Wegmans Coming to Montgomeryville, PA

As reported in the Philadelphia Inquirer, it appears Wegmans will indeed be coming to Montgomeryville, Pennsylvania.  The Wegmans will be built on the site of the former Boscov’s department store.   Montgomeryville is one of the top retail markets in southeastern and southern New Jersey.  Given the density of the market, land to construct such […]

Wegmans to open store in Montgomeryville, PA

Simon Property Group, owner of the Montgomery Mall in Montgomeryville, PA, announced yesterday that it has signed an agreement with Wegmans to open in the former Boscov’s space. According to Wegmans, the Boscov’s space will be demolished, and the supermarket will be built in its place but will not connect to the mall. A timeframe […]

Target stores with Pfresh reach 875; more advertising coming soon

In a conference call with analysts yesterday, Target said they are continuing to see good results with their Pfresh rollout. With this success, and with greater market density, the company said they will soon be able to advertise its grocery offering to the market in a broader fashion, rather than simply “geo-targeting” around stores that […]

Walmart Broke the Losing Streak

Walmart posted a 1.3% increase in U.S. comparable store sales.  The company had a streak of declining comparable sales lasting over two years.   Thanks to David Goodman of Equity Retail Brokers for catching this article.  Check out his Grocery Blog, Running with Equity Retail. Supermarket News Article

Kmart & Sears - Shopping Walls

This idea is definitely a new one.  Kmart and Sears will be testing shopping walls.  The walls will contain pictures of toys and quick response bar codes that can be scanned with smart phones.  Customers can make purchases from their phones and the items will be delivered right to their homes.  Walls will be installed temporarily in […]