EQUITY RETAIL BLOG

Retail Sales (The Week Before Thanksgiving)

This holiday season is pretty hard to predict. Even though there are a lot of signs that things might not be so hot, people are still spending money. We don’t know what will happen – will people run out of money before or after the holidays? Or will they just keep spending forever? Will they […]

Aldi, fastest-growing grocer in the U.S., named retailer of the year

Progressive Grocer, a leading publisher in the food retail business, named Aldi its Retailer of the Year, stating that shoppers seeking relief from high grocery prices – and seeking products not found anywhere else – have become obsessed with them. Furthermore, “the fastest-growing grocer in the country just added more fuel to the rocket ship” […]

Giant Food Stores announced this week that it plans to move from its Allentown location on West Emmaus Avenue to the South Mall in Salisbury Township in 2025. The new 68,000 square foot store will open in the vacated Bon-Ton space, with a fuel station on a pad.

Gerrity's completes conversion to The Fresh Grocer

Gerrity’s supermarkets recently transitioned to The Fresh Grocer and became the 48th member of Wakefern Food Corp., the retailer-owned cooperative whose members independently own and operate grocery stores, including ShopRite and Price Rite brands, among others. The family-owned supermarket business, which began in 1895, consists of 10 Pennsylvania locations in Lackawanna, Luzerne, and Northampton counties. […]

Amazon closes apparel stores but plans to step up supermarket business

Amazon closed its two Amazon Style stores last week, less than two years after it shuttered its stand-alone bookstores and other non-grocery stores. However, the company said physical retail is still important and noted that it plans to expand brick-and-mortar grocery stores. “Physical retail remains an important part of our business,” according to Amazon spokesperson […]

Grocery Outlet hits $1B in net sales for Q3

Grocery Outlet announced last week that it reached the $1 billion mark in net sales for the company’s third quarter, which represents a 9.3% increase compared to the same period a year ago. In addition, comparable store sales increased 6.4%, while Grocery Outlet’s gross margin increased by 31.4%. The discount retailer, which opened eight stores […]

2023 Holiday Sales Growth Expected

The National Retail Federation’s annual holiday forecast predicts that holiday retail sales are anticipated to increase between 3% and 4% this year, reaching a record-breaking total of over $957 billion. The NRF suggests that if sales reach the upper end of their forecast, Americans could potentially spend up to $30 billion more than they did […]

History says FTC will approve Kroger-Albertsons merger

According to an article in Supermarket News, a white paper recently released by the International Center for Law & Economics titled “Food-Retail Competition, Antitrust Law, and the Kroger/Albertsons merger” points out that the FTC has shown a pattern of approving deals that include the selling of stores. In fact, the paper states that over the […]

ShopRite to close five stores in Albany, NY area

Wakefern announced that five ShopRite supermarkets will close this winter in the Albany, NY market and that as many as 500 workers will lose their jobs. The store closings are planned for Colonie, Slingerlands, Albany, North Greenbush, and Niskayuna. The closings are due to poor sales, according to a Wakefern spokesperson.

The New Wegman's Isn't Quite a Supermarket.

In a recent interesting article, Forbes discusses the newest Wegman’s, a brand-new supermarket opening in Greenwich Village this week. This event is already sending ripples through the Manhattan real estate and commercial landscape, given that a full-fledged supermarket is a rare convenience for residents of this vibrant borough. However, it would be remiss to categorize […]