EQUITY RETAIL BLOG

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 […]

Dinner at a Movie?

While on tour last week with one of my clients in southeastern Pennsylvania, we took a tour of the new Movie Tavern in Providence Town Center in Collegeville.  The movie theater had their soft opening and was preparing for the latest Harry Potter release and grand opening on Thursday night. The concept of having dinner […]

Five Below, Five in Detroit

The Philadelphia based retailer which started in 2002 will open 5 locations in Detroit.  It appears Five Below is up to 140 stores in 13 states. See the rest of the article at BrightonPatch.com.

Target Going to Work in Canada

Walmart Canada Corp. has the most to lose when Target Corp. begins opening stores in Canada, according to the latest research on consumer loyalty.   Target announced the first 105 proposed store leases that it was acquiring from Zellers.   Earlier this year it paid $1.8-billion to Zellers owner Richard Baker for up to 220 […]

Six "traditional" supermarkets among Top 20 U.S. Retailers

The National Retail Federation released its annual Top 100 Retailers list, and Wal-Mart remains at the top by a comfortable margin (nearly four times the annual sales of the #2 retailer). As usual, traditional supermarkets made a strong showing, taking six of the top 20 spots. It wasn’t supermarkets, though, that caused much of the […]

Bottom Dollar planning at least 9 stores in Pittsburgh

The Pittsburgh Tribune published a story last week about Bottom Dollar’s expansion to the Pittsburgh market. According to the story, nine stores are in the works (or thought to be, anyway) for the area. If the growth of stores in Philadelphia is any indication, the number could rise quickly. At this time last year we […]

Target reports double digit grocery comps

Lat week Target reported that comparable year-on-year store grocery sales for June were up in the mid-teens. A couple months ago, the mega-retailer reported comparable grocery sales for April increased by 30%. As for overall store sales in June, the increase was 4.5%. In the Northeast, comparable store sales in June were “positive but softer […]