EQUITY RETAIL BLOG

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Giant to shut down outdated stores in Abington, Bryn Mawr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 Giant President Rick Herring reasoned that both stores are outdated.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 […]

PA to shut down failing wine kiosk program

As I reported a few weeks ago, the Pennsylvania Liquor Control Board’s (PLCB’s) wine kiosk experiment was not going well (Hurricanes increase wine sales, not kiosks). And now it appears the program is done. The Philadelphia Inquirer reported yesterday that the PLCB is shutting down the wine kiosk program due to a financial dispute with […]

Wegmans wins top customer service honor

According to a survey of more than 16,000 consumers who ranked grocery stores on various aspects of their customer service, Wegmans had the highest overall score of all U.S. grocery stores. Safeway was tops on the list among Canadian grocery stores. In the U.S., Trader Joe’s, Publix, Harris Teeter and Whole Foods also received high […]

Target Does it Again!

Target successfully launched another relationship with a high-end label.  This time it was Missoni.  As widely report, the Target web site crashed several times and their were lines in many stores when the clothes were made available.   Washington Post Article

Levin Furniture & Some Big Stores

Levin Mattress (aka Levin Furniture) is opening some big stores in the Pittsburgh and NE Ohio markets. Levin Furniture finds mattress business anything but sleepy Levin Furniture is taking one of its core products — the mattress — and rolling out a new store concept around it. So far, the company has established a new […]

The Produce is on the Roof

Sorry, I couldn’t resist posting this article.  Look at the points the author is making about why it’s better to grow the produce on the roof.   UPI Article Fresh produce grown on supermarket roof NEW YORK, Sept. 14 (UPI) — The local foods movement involves farmers selling directly to consumers, but a U.S. company calls […]

One Person's Take on JC Penney

Click on the link below to understand one person’s take on JC Penney, their current status, and where they are headed.  This person is bullish on the company.   Seeking Alpha Article?