EQUITY RETAIL BLOG

Kroger reports 30 consecutive quarters of sales increases

Kroger, the nation’s largest traditional grocery retailer (Kroger, Ralph’s, Fred Meyer and many more brands), reported total sales, including fuel, increased 11% to $27.5 billion in the first quarter of fiscal 2011 as compared to the same period last year. Total sales excluding fuel were up 4.8%. Perhaps even more remarkable is the fact that […]

It's Gettin' Real in the Whole Foods Parking Lot

I feel it’s my responsibility to share this video with my peeps. Whole Foods Parking Lot from djdave Peace out.

Grocery prices are up, but spending is down

According to the semi-annual Acosta Sales & Marketing report titled “The Why Behind the Why,” average monthly spending on groceries is 7% less than it was one year ago. This spending decrease is despite the fact that grocery prices are higher than they were in 2010. Other report findings include the following:   Americans spend […]

Update: Judge approves sale of most Maryland Super Fresh stores

I’ve blogged a couple times about the sale of 12 Super Fresh stores in Maryland and the issues some landlords have with the sale (June 10 – More hurdles in the sale of Mid-Atlantic Super Fresh stores; May 31 – Landlord objects to Super Fresh sale to Green’s Natural Market). On Tuesday, the judge in A&P’s bankruptcy […]

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 […]