EQUITY RETAIL BLOG

Online grocery sales fall 3% in September

Online grocery sales fell 3.1% in September (to $7.5 billion) as compared to September of 2022, according to the latest monthly Brick Meets Click / Mercatus Grocery Shopping Survey. Declines in order frequency and spending per order contributed to the drop, although an expanded base of monthly customers signaled continued interest in online grocery sales. […]

McCaffrey's opens Gladwyne, PA store

McCaffrey’s, the regional grocery chain with locations in New Jersey and Pennsylvania, opened its eight store last week in Gladwyne, PA at the site of a former Acme Supermarket. In addition to the usual grocery departments, McCaffrey’s first Main Line store will feature craft beers, wine, a gourmet sandwich station, and a coffee bar.

The Fresh Market named Best Grocery Store and my mom agrees

The Fresh Market was named the “Best Grocery Store in America” by USA Today as part of the media outlet’s “10Best Readers’ Choice Awards.” The Fresh Market also took top honors for their bakery and deli departments. Hy-Vee was the top pick for the best produce and prepared food. All winners were chosen by popular […]

Instacart IPO nets company $420 million

Instacart’s initial public offering on Monday netted the company more than $420 million, according to a CNBC report. The IPO offering of 22 million shares was priced at $30 per share on Monday, but the stock (listed as CART on the Nasdaq exchange) hit the market midday at about $42 per share before eventually trailing […]

Downtown Philly Dominates Office Construction

Philadelphia’s office construction scene is buzzing with activity, with a whopping 3.7 million square feet of office properties currently under development in the region. This significant construction surge has taken center stage in the third quarter of the year. Let’s look at the numbers: Downtown Domination: The majority of this construction boom is concentrated in […]

Kroger, Albertsons to sell 413 stores to C&S Wholesale Grocers in advance of merger

Kroger and Albertsons announced the sale of 413 stores, eight distribution centers and five private label brands to C&S Wholesale Grocers, a deal directly related to the proposed merger of the two selling entities. The stores sold are located (in order from the most to the least number of stores sold) in the states of […]

AI Will Drive $194 Billion in Holiday Sales

While global online sales are projected to grow by 4%, reaching $1.19 trillion in November and December, U.S. sales are expected to grow only by 1%, totaling $273 billion. To counter the sales slowdown, retailers are turning to AI-driven product recommendations, which are predicted to influence $194 billion in online sales during the holiday period. […]

Giant closing fulfillment centers in VA, MD and DE

Giant announced the upcoming closing of an 80,000 SF fulfillment center in Manassas, VA that the company opened just a few months ago, according to a report by Washington D.C. news group WTOP. According to Giant, the fulfillment center was opened with the goal of completing delivery orders in three hours. Giant now says it’s […]

ShopRite to roll out inventory management robot

Wakefern announced that it is bringing AI-powered robotics to more ShopRite supermarkets following a successful pilot at 20 stores over the last several months. The Tally robot, a product of California-based Simbe, provides store associates with information to ensure products are stocked, in the right location, and correctly priced. According to Wakefern, Simbe’s real-time insights […]

Aldi to acquire Winn-Dixie and Harvey's Supermarket stores

Aldi has entered into an agreement to purchase a total of 400 Winn-Dixie and Harvey’s Supermarket stores from Southeastern Grocers. Terms of the deal haven’t been disclosed. Aldi now plans on having about 2,400 stores by the end of the year, and as a result of the acquisition, an expanded footprint in Georgia, Florida, Alabama, […]