EQUITY RETAIL BLOG

Number of dollar stores surpasses number of drugstores in the U.S.

A new report from Colliers International says the U.S. now has more dollar stores than drugstores. The four big national dollar store chains – Dollar General, Dollar Tree, Family Dollar and 99 Cents Only – have approximately 21,500 locations. The three big drugstore chains – Walgreens, CVS and Rite Aid – have approximately 19,700 locations. […]

"Hundreds" of Bottom Dollar stores in the pipeline

Bottom Dollar’s parent company, Delhaize Group (Food Lion, Hannaford Bros.), said yesterday it is looking to add 450 new discount grocery stores worldwide over the next five years, “hundreds” of which would be in the U.S. According to Company CEO Pierre Oliver Beckers, the plan for new stores represents an acceleration of previous forecasts and […]

Regency Chairman says grocery-anchored centers fared well in the recession

Martin “Hap” Stein, Jr., chairman and CEO of Regency Centers, recently said the company’s grocery-anchored shopping centers held up well during the recession and helped it weather the storm. “People have to eat,” he said, before adding that supermarkets at Regency Centers average over $25 million in sales. Stein said Regency’s 92 percent occupancy rate […]

King of Prussia Mall announces another major expansion

The King of Prussia Mall, already one of the largest shopping malls in the United States (the largest, according to Wikipedia, which is always right), will soon get significantly bigger. Simon Property Group, the mall’s owner, announced earlier this week that they plan to unify the two main shopping venues – the 1,680,000 square foot […]

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 […]