EQUITY RETAIL BLOG

Petsmart & Petco Not Feeling the Heat from Discounters

The Wall Street Transcript, which publishes its Pets and Vets Report, recently interviewed Joan Storms, CFA.  She is a sell-side Equity Analyst with 16 years experience covering specialty hardline retail companies. She has been at Wedbush Securities since 1999.  During the interview she provided the following information. ********************************** The industry is highly fragmented. You have […]

BJ's Goes Private

As reported in the bostonherald.com, BJ’s Wholesale Club has agreed to be sold to Leonard Green & Partners, a Los Angeles-based private equity firm, and go private in a deal worth $2.8 billion. bostonherald.com Article Link

ShopRite tops Acme for grocery sales leader in Philly market

I am anxiously awaiting the June issue of the Food Trade News and its annual market study. Although I haven’t received it yet, Maria Panaritis of the Philadelphia Inquirer obviously has. According to Maria’s story yesterday about the study, “ShopRite, ringing up $1.7 billion in sales across the eight-county Philadelphia region, grabbed the top spot from […]

Walmart Hitting the Gas with 'Neighborhood Market'

As reported on icsc.org, Walmart announced plans to nearly double the number of its Neighborhood Market supermarkets over the next three years. At present, the company operates 185 of these stores, including 30 in Puerto Rico under the Amigo banner.   Walmart executives say, but the 42,000-square-foot Neighborhood Market stores will help revitalize same-store growth […]

Walmart to have 300 Neighborhood Market stores by 2013

According to an article in Shopping Centers Today, Walmart said last week it plans to nearly double the number of its Neighborhood Market supermarkets over the next three years. Currently the company operates 185 of these stores, including 30 in Puerto Rico. Walmart President and CEO Bill Simon is counting on the 42,000 square foot stores […]

Target CEO provides his take on PFresh

In a recent interview for USA Today, Jayne O’Donnell asked Target CEO Gregg Steinhafel to describe the PFresh concept. Here’s what Steinhafel had to say. “PFresh is a comprehensive remodel within our stores’ environment that does a number of things. It adds a much larger assortment of dry, dairy and frozen, then we add fresh perishables to […]

There's a Tenant for That Space

The spaces formerly occupied by retail heavyweights including Circuit City, Linens ‘n Things and Borders are now welcoming sellers of discounted designer jeans, used video games and surplus merchandise. Many of these new stores moving in trumpet terms such as “off-price,” “discount” and “value” in their slogans. Stores including Big Lots, Ross Dress for Less, […]

Staples is the Next to Step Down Store Size

Staples U.S. president Demos Pareros said new stores will be about 15,500 sq. ft. to 16,000 sq. ft., down from the current prototype of 18,000 sq. ft (Source: Chain Store Age) Chain Store Age Story

Target to Open in Central PA

Target to open in Hanover PA according to the York Dispatch.  ***************************** Two more restaurants will soon vie for their shares of the crowded dinner lines at Hanover area eateries, and the sated restaurant-goers can follow dinner with a shopping trip to a new Target store. The retailer is the first store expected to be […]

Walmart Express debuts in Gentry, Arkansas

Recently Walmart unveiled the first of their Walmart Express stores to the press. According to reports, this Gentry, AK store actually looks like a smaller version of Walmart’s 180,000 square foot store, even though it’s only 15,000 square feet. The store has exposed pipes and yellow walls, carries about one-tenth of what a superstore carries, but […]