EQUITY RETAIL BLOG

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, […]

C&S Wholesale keeps growing despite A&P losses

An executive for C&S Wholesale Grocers said yesterday the company is growing through the addition of customers like Ahold (Giant, Stop & Shop), Foodtown and Target. This growth comes despite the fact that bankrupt A&P had accounted for as much as 20% of the company’s revenues. At a conference yesterday, C&S Senior Vice President and […]

Supervalu has problems, and experts have opinions

A recent Forbes.com blog post pointed out that Supervalu (Acme and Save-A-Lot in these parts) has problems. “Revenue at Supervalu has declined each of the past two years, earnings have been negative for two of the last three years, and dividends have been declining as well…” According to the blog post, Former Supervalu President Gene Hoffman […]

Whole Foods posts best earnings results in 5 years

After posting their strongest quarterly results in the past five years, Whole Foods may accelerate store growth, raise the dividend or repurchase stock, according to C0-CEO John Mackey. Here are some of the key stats from the company’s fiscal second quarter: Net income rose 33.3% to $89.9 million. Sales increased 12% to $2.4 billion. Comparable […]

Target has big increase in grocery sales

Although the Supermarket News story below is not just about Target, the attention grabber is the retailer’s announcement of a 30% increase in comparable-store grocery sales for April. Retailers Post April Sales Gains

Weis plans to increase pace of store growth

Saturday’s Supermarket News story reports that Weis Markets will increase capital spending in 2011 and increase the pace of its store growth. Although the company isn’t as big and well-known as some of its Pennsylvania rivals, it remains a healthy competitor in this market. Weis Increases Cap-Ex Budget to $110M

Aldi is the affordable price leader, according to recent study

Earlier this week a new study by Market Force Information, conducted in March with 6,100 participants in the U.S. and Canada, determined that Aldi is the low price grocery leader. Other grocers that topped the list include Costco, Giant Foods, ShopRite, Walmart, Safeway, H-E-B, Kroger, Meijer and Publix. Other findings included the following:   Walmart ranked highest among […]