EQUITY RETAIL BLOG

Sale-Leasebacks For Banks: Tips for Achieving Maximum Results

Equity Retail Brokers (ERB) offers a full suite of services for banking-sector clients. Our last post (“Bank Properties for Sale: Why Handling Bank Transactions Requires Flexibility and Finesse”) covered best practices around the sale of income-producing bank properties as well as the disposition of vacant branches and underperforming assets. Another ERB service — sale-leaseback transactions […]

Major renovations (and Starbucks!) coming to Bensalem Giant

Giant supermarket’s renovation plans continue to forge ahead, with the latest announcement stating that the Bensalem store on Street Road in Bucks County will get a Starbucks in addition to other updates. According to the store manager, new modernized decor will be added, along with a consultation room for the pharmacy. “The store’s fresh offerings […]

Wegmans in Manhattan: the State of Retail 2021

The news this week that Wegmans will open a new store in what was the Kmart on Astor Place in Manhattan says so many things about the state of retailing circa 2021 that it’s hard to even figure out where to start. But start first with the facts: Wegmans Food Markets, the upscale supermarket chain […]

Some supermarkets drifting away from 24 hour operations

In recent months we’ve all experienced stores and restaurants with limited hours, and supermarkets may be next. According to reports, some grocery retailers are moving away from 24-hour operations. Strategic Resources Group’s Burt Flickinger III cites a shortage of people willing to work retail because of Covid-19 and public health concerns, coupled with extended unemployment […]

Amazon Fresh opens in Warrington (First in PA)

Amazon Fresh opened in Warrington, PA earlier this month, as planned. It’s Amazon’s first supermarket in PA. At 35,000 square feet the store takes up most of the former Giant at Creekview Center. It’s the 16th Amazon Fresh supermarket in the country. Up next for the company are locations in Bensalem, Broomall, Havertown and Philadelphia.

Dick's Is Testing 5 Store Concepts. Here's Why.

Store revamps are also in progress, and the sporting goods specialist Dick’s is expanding its private label reach as it looks to maintain a winning position. Since June of last year, Dick’s has debuted four new store concepts, announced the launch timeframe for a fifth, set up a new men’s private label, signed brand ambassadors […]

Wegmans to open Manhattan store

Wegmans announced today that they plan to open a store in Manhattan in 2023. The East Village location – in a former Kmart – will be the company’s second store in New York City. They opened in 2019 at Brooklyn’s Navy Yard, where 25,000 shoppers visited on opening day. Wegmans reportedly signed a 30-year lease […]

Bank Properties for Sale: Why Handling Bank Transactions Requires Flexibility and Finesse

When marketing a bank property for sale – whether a still-operating neighborhood branch or a vacant bank building in need of timely disposition – the agents at Equity Retail Brokers stay focused on a straightforward set of objectives. “In working on behalf of financial institutions, our ultimate goal is always securing the highest-possible return,” said […]

Sales from non-traditional, alternative grocers risen to astounding levels

A recent article in Supermarket News by Scott Moses has some astounding facts and figures about the rise of non-traditional, alternative grocers in the U.S. I encourage you to check it out here. In the meantime, here is a bullet point list of some of the very interesting and telling points that Scott makes.   […]

7 Reasons To Be Extremely Optimistic About Retail

There are ample reasons to be optimistic about where the economy is headed, if you look past the near-term wobbliness and pay close attention to the data that have been trickling in lately. It’s reasonable to think that by the 2021 holiday season, the long-predicted Biden boom will really be roaring, and the economic pain […]