EQUITY RETAIL BLOG

REITS with grocery-anchored centers are outperforming the grocers

According to Jim Sullivan of Green Street Advisors, REITs typically own the top performing grocery-anchored shopping centers in a market. So, even though many grocery stores are facing big challenges due to retailers like Walmart, Target and Costco eating away at market share, REITs in the grocery-anchored business are doing okay. The good news for the grocery […]

I stopped in the North Wales Bottom Dollar Food Store...

Late this afternoon my family completed a pretty quick Costco run (compared to a Saturday afternoon trip, that is) and we were headed home. Until, that is, I noticed that the Bottom Dollar Food Store in front of the Montgomery Mall had opened. Thankfully my wife was also curious, the kids were cooperative, and we still needed […]

Giant to Buy Two Genuardi's Sites

Slowly but surely Southeastern Pennsylvania continues to see the decline of Genuardi’s (Safeway) and the rise of Giant (Giant Food Stores / Ahold USA). It was announced yesterday that Giant will buy two Genuardi’s sites in Bucks County – one in an 111,000 square foot Federal shopping center in Feasterville, and the other in a PREIT center […]

REITS with a local presence announced earnings this week

A number of REITS announced quarterly earnings in the past week. Here’s a snapshot (thanks to ICSC SCTWeek) from some of the organizations that own grocery-anchored shopping centers in the Philadelphia region. It’s nice to see that the results are generally positive. Federal Realty posted $58.8 million in third-quarter funds from operations, up from $55.6 […]

Whole Foods Posts Sales, Profit Gains

These are some darn good numbers in a challenging economic environment. Well done, Whole Foods. Whole Foods Posts Sales, Profit Gains

Have Costco, Aldi Launched a Real Estate Trend?

I think we will definitely see more of this trend of grocery stores moving in to enclosed shopping malls. With so many empty big boxes in malls (Boscov’s, Strawbridge’s, etc.), it just makes good sense. And I agree with Supermarket News’ contention that moving to a mall is not for every supermarket. Stores like Costco, […]

Analysts question how fast Wal-Mart will grow its smaller formats

There’s plenty of debate about what Wal-Mart will or won’t do, whether their smaller format stores would work, and how smaller Wal-Marts would affect the current players in the supermarket industry. However, I think the most interesting part of the attached article is the idea of Wal-Mart purchasing Rite Aid, which would give it a […]

Stock Analysts Agree: Supervalu Is no 'Buy'

The fact that all 14 analysts that follow Supervalu (Acme in the Philly market) do not recommend the stock is awful. With Safeway (Genuardi’s) and A&P (SuperFresh, Pathmark) closing stores, let’s hope Supervalu can pull through. Can all 14 analysts be wrong? http://www.businessweek.com/investor/content/nov2010/pi2010111_032839.htm

S&P Cuts A&P to Highest Risk

S&P calls A&P (SuperFresh, Pathmark, Waldbaum’s, The Food Emporium, Food Basics) “highly vulnerable.” S&P Cuts A&P to Highest Risk

Are "Food Deserts" Real or Are They a Scam?

This is an issue with strong opinions on both sides. I’m not knowledgeable enough on the topic to take a position, but here’s what I know. The Pennsylvania Fresh Food Financing Initiative is making a difference in Philadelphia, thanks in large part to Jeff Brown (Brown’s Super Stores). No scam here. Michelle Obama’s $400 Million ‘Food […]