EQUITY RETAIL BLOG

ShopRite expanding to Northern New York and Maryland

As Food Trade News declared in its annual Market Study issue, ShopRite has become the dominant grocery retailer in Northern New Jersey, the Delaware Valley and Greater Philadelphia. And as the Supermarket News reported last week, ShopRite is now competing in new markets. In recent weeks the company opened its first store in the Albany, […]

New Walmart Supercenter in Springfield, PA goes head-to-head with Giant

A 112,133 square foot Walmart Supercenter opened last week in Springfield, PA’s Marple Crossroads Shopping Center. The store employs approximately 300 people and features more than 30 merchandise departments, including a full grocery section with fresh produce, meats, dairy products, a deli and bakery. According to Walmart’s website, the average wage for full-time hourly associates in Pennsylvania […]

Weis Markets on a roll as sales continue to increase

Weis Markets reported last week that third quarter sales jumped 6% to $678.6 million and same-store sales increased 6.5% compared to the same period a year ago. In addition, the company’s third quarter earnings per share increased to $0.63 (from $0.61) and net income for the period was up 4.1% to $17 million. Weis Markets […]

Safeway announces quarterly earnings, beats the street

Safeway’s (Genuardi’s) third quarter earnings of .38 cents per share beat analysts’ estimates by three cents. The company, which released its earnings last week, credited positive sales momentum and cost control measures when discussing its results. Safeway, which has stores under the Safeway, Vons and Dominick’s banners, also owns Genuardi’s here in the Greater Philadelphia […]

Gap to Close More Than 100 Stores

Gap is planning to close more than 100 stores by the end of 2013.   Business First Article Clothing retailer The Gap Inc. plans to close more than 100 more of its namesake stores in the United States by the end of 2013. The move is part of a plan to reduce the company’s total […]

Walmart calling on experts to keep their shelves stocked

Not only is Walmart suffering from declining sales, but they are also having trouble keeping their shelves stocked in an efficient manner. A Bloomberg News story last week reported that the world’s largest retailer has hired consultants to “walk the aisles and track whether hundreds of items are in stock.” A combination of more products […]

Lowe's Closing 20 Underperforming Stores, Future Growth Limited

Lowe’s will be closing 20 underperforming stores in 15 states.  Future growth will include approximately 10 to 15 new stores per year rather the anticipated 30 stores.  See the Lowe’s press release for a list of towns where the stores will close. Market Watch Article Lowe’s Press Release

Super Giant Food Store for sale in Willow Grove

The Giant Food Store in Willow Grove, a 123,000 square foot property, is listed for sale at $24.6 million. The store has 20 years remaining on its lease, which is guaranteed by Giant’s parent company, Ahold. The store was built in 2007 on the site where Home Depot used to be. Marcus & Millichap Real […]

Ross Best Relative Performance

Ross is on top as far as relative performance is concerned.   Financial News Network Online Article

Walmart Comp Sales Down 9 Straight Quarters

How do you raise your stock price?  Answer: Increase same store sales.   In the face of stiff competition, Walmart is adding new products to the stores, working with different prototypes and shipping online purchases to the stores.  The question still looms.  Will it work?  Reuters Article