EQUITY RETAIL BLOG

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 […]

New Store Announcements, November 1-15

  Bed Bath & Beyond – Clarksville, TN, 23,000 SF Bed Bath & Beyond – Roseville, MN BJ’s – Pittfield, MA, 84,000 SF Books A Million – Charleston, SC Books A Million – Sandusky, OH Books A Million – South Portland, ME Books A Million – Waterford, CT Books A Million – York, PA Buy […]

Supervalu seen by many as prime takeover target

In the last week I’ve seen the following headlines and stories: Supervalu rumored as takeover target as groceries consolidate (Minneapolis / St. Paul Business Journal) Grocery M&A to rise; Supervalu seen as target (Reuters) Albertsons on its last legs? (LAobserved.com) According to Thomson Reuters data, dealmaking in the grocery sector is up 34% this year […]

Costco spends $22 million to privatize liquor sales in Washington

A ballot measure that would allow grocery stores and warehouse clubs to sell liquor in Washington state beginning June 1, 2012 passed earlier this week. A bill that will allow the privatization of liquor sales in Pennsylvania has been talked about for some time, but many feel it’s unlikely such a measure will pass here […]

Supervalu trying to connect via social media

When thinking of supermarkets at the forefront of something – customer service, competitive pricing, new formats, etc. – we typically think ShopRite, Wegmans, Whole Foods, and perhaps even Walmart. But Supervalu? As it relates to social media, yes. As Supermarket News Editor-in-Chief David Orgel reported yesterday, Supervalu is proactively embracing Facebook, Twitter and even Yammer, a […]

A Round of Applause for Toys R Us

Toys R Us has done what many thought impossible; turn the company around and return it to a successful viable retailer.  Jerry Storch (CEO) and company did it in the face of a terrible economy and increasing pressures from Walmart, Target and Amazon.   The company is cutting costs, buying some of its competitors, and […]

Whole Foods, Wakefern reach sales milestones; A&P has deal to exit bankruptcy

Whole Foods Market announced earlier this week that sales for the fiscal year ending September 25 rose 12.2% compared to the previous year and passed the $10 billion mark. During the fiscal year comparable-store sales rose 8.4% and net income increased 39.4% to over $343 million. For the fourth quarter, the company’s sales rose 12.2% compared […]