EQUITY RETAIL BLOG

U.S. holiday sales may rise faster than anticipated

From Bloomberg: U.S. holiday sales may rise faster than anticipated, industry index shows

Grocer A&P files for Chapter 11 reorganization

In its filing, A&P listed about $2.5 billion in assets and $3.2 billion in liabilities. All 395 stores, including the Pathmark and Super Fresh stores in the Philadelphia area, are “fully stocked and open for business.” Grocer A&P files for Chapter 11 reorganization

Wegmans Opens In-Store Fast Casual Restaurant

First of all, this fast casual restaurant has an executive chef, who says they’ll have “great cheeseburgers, beer and wine on draft, great ice cream and frozen custard.” Sounds good to me! I was in Downingtown yesterday so I stopped in to Wegmans for lunch. I had a nice conversation with the woman who made […]

New York ICSC show had a positive vibe

The link below is an article by Larry Lichtenauer about the New York ICSC (International Council of Shopping Centers) event held earlier this week. There were approximately 6200 real estate professionals in attendance, including brokers, retailers, REITS, etc. The atmosphere was definitely more positive this year than last. How do I know? That’s because people […]

PA High Court Upholds Beer Sales at Wegmans

It will certainly be interesting to see what (if any) changes the state makes to current beer laws and the effect the changes have on supermarkets and shopping centers. http://online.wsj.com/article/APac643d523dcf472b8b13b61d01cdaadb.html (The fact that my last two posts are about alcohol has nothing to do with the fact that I was out late last night with […]

Wal-Mart Could House Wine Kiosks

It was only a matter of time… Wal-Mart Could House Wine Kiosks

What do the Bryan brothers, a Rabbi and Joe Piscopo have in common?

That’s easy.  They all spent the first night of Hanukkah with me. I moonlight as a tennis announcer, and last night I was the emcee and announcer for a charity exhibition at Courtside Racquet Club in Lebanon, NJ.  I agreed to do the event months ago, but it was only a few weeks back that […]

Holiday Season Off to a Strong Start

From Shopping Centers Today (International Council of Shopping Centers): Black Friday weekend sales results are giving cause for cheer among retailers and landlords, according to analysts. Weekly sales rose 0.5 percent for the week ending Nov. 27, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Index released today. And on a year-to-year basis, the […]

Deerwood Real Estate Capital Secures Loans for Three Area Shopping Centers

Richland Plaza in Quakertown ($9.43M), Montgomery Commons in North Wales ($18.35M), and Adams Plaza in Philadelphia ($1.9M) have secured loans from Deerwood Real Estate Capital. Richland Plaza and Montgomery Commons are anchored by Redner’s Markets. Here’s the story from Natalie Kostelni at the Philadelphia Business Journal. http://www.bizjournals.com/philadelphia/blogs/real_estate/2010/11/deerwood-firm-secures-loans-for-phila.html

Aldi Rolling Out Larger Units

I think the September story about Aldi rolling out its first location inside a regional mall (in Chicago) is bigger news than expanding stores by 1500 square feet. Aldi Rolling Out Larger Units