EQUITY RETAIL BLOG

Retailers on Fortune's Top 50 Most Admired Companies

Congrats to McDonald’s, Walmart, Starbucks, Nordstrom, Target, Costco, Best Buy, Yum Brands, and  Lowe’s.   About.com Link

Eagleville, PA store is fifth Genuardi's to close this year

The Genuardi’s supermarket at Ridge Pike Plaza in Eagleville, PA (Montgomery County) is closing on October 8 after a 38-year run. According to reports, the lease was up and is not being renewed. The closing represents the fifth Genuardi’s store to shut down this year. Ridge Pike Plaza is owned by Kimco Realty. The Genuardi’s space is approximately 37,000 square […]

Genuardi's rumored to sell some stores to Giant

According to the Supermarket News, a source from the Greater Philadelphia area said California-based Safeway may be close to a deal to sell some Genuardi’s locations to Giant. The source told the Supermarket News reporter that Safeway officials were conducting inventory and equipment evaluation at some Genuardi’s stores this week. Safeway and Ahold USA representatives […]

Peapod by Giant online grocery shopping to serve Greater Philly

Ahold, the international retailer that owns Giant Food Stores, announced earlier this week that starting this Friday, Peapod will offer service to Philadelphia and Delaware counties, as well as the southern portion of Montgomery county. Peapod is an Internet-based home shopping and grocery delivery service. Customers will be able to order groceries online through Peapod.com […]

New Store Openings During Week of 9/12 & 9/19

  The following is a list of new stores that were announced in various articles I found while researching for my blog.   New Store Openings – Week of 9/12/11 & 9/19/22 Bed Bath & Beyond – Duluth, MN BJ’s Wholesale Club – Northborough, MA BJ’s Wholesale Club – Port Orange, FL, 86,000 SF Burlington […]

Hobby Lobby to Millville's Cumberland Crossing

See the following article on Hobby Lobby’s new location in  Millville, NJ Vineland Daily Journal Article

Costco Holding Strong

Kudos to Costco with their strong consistent performance.  This article sums up their most recent performance and position in the marketplace.   Dailymarkets.com Article

Kmart & Sears...Time to Keep a Close Eye

This article is a nice summary of the Kmart and Sears current state of affairs.  This new reality that we all live and work in is a tough place for a business who can’t seem to find a good direction. ABC News Story

Giant to shut down outdated stores in Abington, Bryn Mawr

Giant announced today that it will shut down two Philadelphia area stores in October. The Giant supermarket on York Road in Abington will close on October 8, and FoodSource in Bryn Mawr, which is owned by Giant, will close on October 22. Giant President Rick Herring reasoned that both stores are outdated. The press release stated there is a newer, […]

Charles Genuardi, one of five brothers who ran family business, passes away at 102

Charles Genuardi, the oldest of the five Genuardi brothers who ran the family grocery business until 1990 when they transferred control to the next generation, died last Friday at the age of 102. The family business traces back to 1920, when Charles’ parents, Gaspare and Josephine, grew vegetables on a small farm in Norristown and […]