EQUITY RETAIL BLOG

Walmart still feared by supermarkets, but not as much as last year

Every year Supermarket News asks supermarket operators which competitors they fear the most. Walmart remains the top choice, but their fear factor is waning. In 2009, 64% of all respondents identified Walmart as their biggest threat. That percentage decreased to 50% last year and 45.3% this year. Dollar stores (17%) were identified as the second […]

More hurdles in the sale of Mid-Atlantic Super Fresh stores

Ten days ago I wrote about one landlord’s objection to A&P’s sale of a Super Fresh store to Mrs. Green’s Natural Market on the basis that it could not be sure the new tenant could meet the obligations of the lease. Since that time, more objections have been filed. Another landlord has filed a similar […]

U.S. Sales Boost Ahold (Giant)

Ahold reported a 6.2% increase in net income for its first quarter and cited its U.S. brands (Giant, Martins, Stop & Shop) as strong performers. In the U.S: Identical store sales improved 3.2% (not including fuel); Total sales increased 7.4% to $7.6 billion. Overall, net income for the company improved 6.2% to $425 million on […]

A&P to save $50 million in new deal with C&S

Just six months after citing its agreement with C&S Wholesale Grocers as a significant contributor to its Chapter 11 filing in December, A&P announced that it has entered into a new supply and logistics agreement with the New Hampshire-based supplier. The new contract is expected to take effect once A&P emerges from bankruptcy and will […]

Whole Foods targets smaller stores, more locations

The story below quotes Whole Foods co-CEO John Mackey as saying the company ultimately plans to triple the number of stores to 1,000 and decrease the average store size to approximately 40,000 square feet. According to the story, Whole Foods opened 16 stores in 2010 averaging 42,600 SF, and seven stores so far this year, […]

Landlord Objects to Superfresh Sale to Green’s Natural Market

In the article below, Supermarket News reports on a landlord’s objection to the sale of and by its tenant, Superfresh, to Mrs. Green’s Natural Market. The landlord, Apex Management, says its lease with Superfresh states that successor tenants must demonstrate a financial condition similar to the original tenant at the time the original lease is […]

Superfresh to close 13 Baltimore area stores, 12 others bought in auction

According to a press release issued by A&P, 12 of the 25 Baltimore-area Superfresh stores put up for sale at auction have sold, and 13 will be shut down in July because the company could not find anyone to buy the properties. Mrs. Green’s Management Corp. and Village Supermarkets have agreed to buy 10 of […]

Dollar General sued by supermarket chain over food offering

Winn-Dixie claims that Dollar General is breaking restrictive lease covenants by selling too many food items in more than 100 shopping centers where Winn-Dixie is the anchor tenant, according to a suit filed in U.S. District Court in West Palm Beach, FL. Winn-Dixie says Dollar General is knowingly violating non-compete provisions of its leases, and […]

PREIT taking advantage of digital media tools

PREIT, the Philadelphia-based real estate investment trust that owns 49 retail properties, released its “roster of digital media efforts” in advance of the ICSC show in Las Vegas, which begins on Sunday. The usual suspects – websites, Facebook pages and a Twitter account – are all there, as they should be. But what impresses me […]

Is Giant planning to compete with Wawa?

Giant Food Stores plans to open its second Giant To Go convenience store in the Lancaster area. The store will be 4,000 square feet and will have three main areas: Meals to Go, Groceries to Go, and Snacks to Go. According to Supermarket News, the store will offer rotisserie and fried chicken, a salad bar, […]