EQUITY RETAIL BLOG

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 […]

Renovation Pays Dividends for Equity Retail Brokers Client - But It Wasn’t Easy!

The new Di Bruno Bros. store at the renovated Strafford Shopping Center Strafford Shopping Center is ready for its second act thanks to a multimillion-dollar renovation overseen by Equity Retail Brokers. But getting there required overcoming one challenge after another — from construction snags and regulatory roadblocks to the chaos of Covid-19.

5 Signs That Retail Will Be OK

The industry took a beating last year. Challenges remain, but here are a few indications of retailers’ strength. Last year was a challenge like no other for the retail industry. COVID-19 upended people’s existence worldwide, threatening human life and undermining the global economy. Job and wage losses took a toll. Even those able to stay […]

Kroger testing grocery delivery by drone

Kroger announced last month that it launched a pilot program to deliver online grocery orders by autonomous drones. Through a partnership with Drone Express, Kroger says it can deliver products not just to a street address, but also on the spot, such as bringing picnic supplies to a park or sunscreen to the beach. Test […]

Giant Flashfood app provides discounts for fresh food nearing its expiration date

Giant announced earlier this month that it plans to roll out the Flashfood app, which allows shoppers to purchase produce, meat, deli and bakery products nearing their “best before date” at significantly reduced prices, to all Giant and Martin’s stores following a successful pilot program. The rollout will begin in the Pennsylvania counties of Bucks, […]

Grocery Outlet to open first NJ store

Grocery Outlet, the discount retailer with more than 300 stores in California, Oregon, Washington, Idaho, Nevada and Pennsylvania, plans to add its first New Jersey store this fall in Hamilton. The Mercer County store will take 20,644 square feet of a vacant Kmart space in Hamilton Plaza Shopping Center. The West Coast brand expanded into […]

Revenge Shopping: What's In Store For The U.S.

No less an oracle than Anna Wintour herself has declared that luxury goods sales and travel will become hot commodities once again due to the pent-up demand caused by the COVID-19 pandemic lockdowns.  “’People have been locked up for a long time and they are going to want to spend. They are going to want […]