EQUITY RETAIL BLOG

Wegmans planning second Manhattan store

Wegmans confirmed that it signed a lease for a 58,874 square foot former Bed Bath and Beyond store in Manhattan at 1932 Broadway. The company currently operates one Manhattan store, which it opened last year at 770 Broadway, the former site of the Astor Place Kmart. “Prior to opening our Astor Place store, we were […]

Grocery Outlet to acquire United Grocery Outlet

Grocery Outlet announced that it plans to acquire United Grocery Outlet, a discount grocer operating in the Southeast. The deal is expected to close in the second quarter of this year. United Grocery Outlet, which is celebrating its 50th year in business, has 40 stores in Tennessee, North Carolina, Georgia, Alabama, Kentucky, and Virginia. Grocery […]

US Consumer Confidence Highest Since 2021

In January, there was a noteworthy uptick in US consumer confidence, which hit the highest point since the end of 2021. This surge was underpinned by an increasingly positive outlook on the economy and job market, coupled with a more optimistic perspective on inflation. According to data released on Tuesday, the Conference Board’s sentiment gauge […]

Kroger pledges to lower prices and invest in stores following merger with Albertsons

As Kroger faces regulatory scrutiny over its planned acquisition of Albertsons, the company says it will lower prices following the merger. Specifically, Kroger says it will invest $500 million to lower prices following the close of the deal, and invest $1.3 billion to improve Albertsons stores. Kroger added that it invested more than $125 million […]

Wawa to open modular construction stores with drive-thru

An article posted on C-Store Dive’s website earlier this week stated that Wawa is planning to open drive-thru locations made using modular construction methods. The buildings are fabricated off-site with the pieces then assembled on location, according to a spokesperson for Modlogiq, the construction company Wawa is working with. Modligiq also said the first location […]

Placer names Kroger as most visited grocery store in 2023

Data analytics firm Placer.ai named Kroger as 2023’s most popular grocery banner in the U.S. in terms of foot traffic. Placer’s end-of-year recap report said that Kroger and its banner locations captured 18.8% of annual grocery foot traffic. Other top five grocery retailers included Publix (17%), Safeway (10.5%), Aldi (9.4%), and H-E-B (8.7%). Walmart Neighborhood […]

Kroger-Albertsons merger delayed but still in the works

Kroger had hoped its proposed $24.6 billion acquisition of Albertsons would be completed in March of this year but now expects it to close in the late spring or early summer. In a joint statement released by Kroger, Albertsons, and C&S Wholesale Grocers, ongoing discussions with regulators were cited as the reason for the delay. […]

Dynamic Shifts in Philly Real Estate

In a transformative period for the Philadelphia area’s commercial real estate sector, the recent signing of the largest office lease in over a decade by David Werner Real Estate Investments with Dow underscores a significant milestone, spotlighting the strategic growth of the life sciences and office campus in Collegeville, Pennsylvania. Simultaneously, in 2023 industrial properties […]

Aldi is first major retailer to eliminate plastic shopping bags

Aldi reached its goal of eliminating all plastic shopping bags from its approximately 2,300 stores by the end of 2023, and at the same time became the first major U.S. retailer to do so. In a letter to customers, Aldi U.S. CEO Jason Hart said the removal of plastic bags will prevent nearly 4,400 tons […]

Wegmans to open small(ish) Yardley store in March

Wegmans announced that its Yardley, PA store, which will be part of the new Prickett Preserve development, will open on March 20. It’s the company’s second Bucks County location (Warrington), and at 88,000 square feet (SF), it’s smaller than many of its other supermarkets in the Greater Philadelphia market. Historically Wegmans stores were at least […]