EQUITY RETAIL BLOG

Giant Heirloom Market opens 4th store in Philadelphia

Giant’s fourth Heirloom Market in the city of Philadelphia opened last month in the Fashion District mall. The opening capped a big year in Philadelphia for the food retailer that included four new traditional supermarkets and a Giant Direct e-commerce fulfillment center. At 32,000 square feet and located in the historic building that housed the […]

Industry experts cite several reasons for supermarket product shortages

The news is filled with stories about shortages at supermarkets, and apparently the Northeast is seeing the worst of it, due in part to bad weather. Here are the reasons cited by industry experts for the supply shortages at grocery stores. Omicron: Scores of grocery store workers are catching the virus and calling out sick, […]

Grocery Outlet opens first NJ store

Grocery Outlet opened its first New Jersey store late last month on Route 130 in Delran, and a Hamilton, NJ store is slated to open in the next couple months. The grocery chain, based in California, offers deep discounts on brand-name food products, as well as a selection of health and beauty products and seasonal […]

Shoppers Returned To Stores For The Holidays

Shopper traffic to physical retail stores has strongly rebounded from 2020. Data from Placer.ai, a company which measures shopper visits across a wide range of physical stores including grocery, apparel, big box, department and specialty, indicate that shoppers returned for the 2021 holiday season. Store visits were higher than 2020 and slightly ahead of 2019 […]

Saker ShopRite up to 39 stores with acquisition of Perlmart ShopRite

One ShopRite operator acquired another ShopRite operator earlier this month, according to reports. Saker ShopRites, Inc., owned by the Saker family and operators of 32 supermarkets in New Jersey, acquired Michael Perlmutter’s Perlmart, Inc., which operated seven New Jersey grocery stores. Both families were early Wakefern members, the retailer-owned cooperative now in its 75th year. […]

Supermarkets at Montgomery and Plymouth Meeting Malls offered for sale

The Philadelphia Business Journal reported that the supermarkets at Montgomery and Plymouth Meeting Malls are for sale. Wegmans, at 128,000 square feet, has been operating at the Montgomery Mall since 2013, and the 65,000 square foot Whole Foods opened in Plymouth Meeting in 2010. Kohan Retail Investment Group purchased the Montgomery Mall last month for […]

Online grocery sales climb 6% to $8.6 billion in November

The online grocery market in the U.S. generated $8.6 billion in sales for the month of November, and during the month nearly 69 million households purchased groceries online, according to Brick Meets Click. The sales volume and number of households represent 6% and 15% gains over last November, respectively. The data is based on a […]

Starbucks Tests Cashierless Stores

Starbucks is exploring a new store format in partnership with Amazon that will allow customers to buy drinks, snacks and other items without waiting in line, utilizing automated checkout technology developed by the e-commerce giant.  The first concept store opened recently in New York City, on 59th Street between Lexington and Park Avenues. The companies […]

McCaffrey's to open in Gladwyne in former Acme space

The Philadelphia Business Journal’s Natalie Kostelni reported that McCaffrey’s supermarket plans to open in Gladwyne, PA, in the 27,500 square foot space vacated by Acme in 2019. McCaffrey’s is expected to open next fall. Alterra Property Group, which originally proposed to construct 34 apartments and 8,000 square feet of retail on the site, abandoned the […]

Saladworks and Frutta Bowls open in Giant supermarkets

Giant recently added Saladworks and Frutta Bowls stores in four more supermarkets. WOWorks, which seems to me to be a silly name, is the franchisor for both restaurant banners (and Garbanzo Fresh, too). More importantly, it has developed a store-within-a-store expansion plan to open the Saladworks and Frutta Bowls brands together in nontraditional locations. Co-branded […]