EQUITY RETAIL BLOG

Bottom Dollar confirms 14 stores for Pittsburgh

Rumors have swirled about Bottom Dollar’s expansion to Pittsburgh (see my July 11 blog post: Bottom Dollar planning at least 9 stores in Pittsburgh), and now Delhaize America has confirmed it, according to a report in the Supermarket News. Bc The store, founded in 2005 in North Carolina, now has 47 locations in five states. The […]

IKEA to Open First Colorado Store

IKEA will open its first Colorado store on July 27.  The store is in Centennial and is 415,000 SF.  It is the 38th in the United States and the 324th in the world.   Denver Business Journal Article

Wegmans tops per store sales in Philly market, ShopRite and Giant also strong

I’ve written before about the wealth of information in the June issue of Food Trade News, which includes Publisher Jeff Metzger’s annual Market Study. It’s 100 pages of Elias Sports Bureau-type information; just substitute food retailers for professional sports leagues. An interesting stat to me is sales per store. Much has been written in the […]

Signs of Walmart Express

There will soon be six drug store sized Walmart Express stores in the country. Genty, AR Prairie Grove, AR Albemarle, NC Midway, NC Ridgefield, NC Chicago, IL The Walmart Express concept allows the discount giant to enter markets where they can’t otherwise open a larger store.  Thus far, Express stores appear to be carrying merchandise […]

Cabela's Opening Second Canadian Store

As reported in the Edmonton Journal, Cabela’s will open in Edmonton on August 4.  This area already boasts a strong customer following for the company. The only other Canadian store is in Winnipeg, but spokesman John Castillo said Cabela’s (CAB:NYSE) plans to expand across Canada, starting in Edmonton and Saskatoon next spring.   With its […]

Borders is Done....

Borders will likely face a sale to liquidators after the last interested party declined to bid on the failed retailer.   Liquidators led by Hilco Merchant Resources and Gordon Brothers Retail Partners LLC were made the opening bidders for the auction. The deadline for bids passed on 7/17 without any offers. 12 stores are in […]

A&P struggling to make new deal with unions

Negotiations between A&P and 13 local unions on a new contract designed to make the company more competitive are not making much progress, according to a story yesterday in the Supermarket News. The unions claim the bankrupt grocer’s latest proposal, which followed an initial proposal that the unions were very critical of, would result in […]

hhgregg...10 More in South Florida

10 more hhgregg stores have opened in south Florida bringing the state’s total stores to 33.   The store openings created approximately 600 new jobs. Market Watch Article hhgregg Announces the Grand Opening of Ten South Florida Stores Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced that it will officially Grand Open ten new […]

It's the end of the road for Borders

According to reports, Borders has failed to reach an agreement with one of its bidders who had made an offer to keep the company running. The result will be the closure of its remaining 399 stores, including 12 in the Philadelphia region. Borders had filed for bankruptcy protection earlier this year. The chain’s assets will most […]

Giant ready to open first Philly store

Giant is seeing increases in sales and market share in the Delaware Valley, and now they are preparing for the opening of their first supermarket in Philadelphia. The 74,000 square foot store will open Wednesday at 2550 Grant Avenue in Northeast Philly, and will include on-site gas and a pharmacy. It will be open 24 […]