EQUITY RETAIL BLOG

Save-A-Lot completes transition to a wholesaler by selling it's last 18 stores to Leevers

Discount grocery operator Save-A-Lot announced that it has sold the last of its stores to a licensee but will continue to operate as a wholesaler and licensor to the Save-A-Lot store network. Colorado-based Leevers, which already operates 29 Save-A-Lot stores in Colorado, Philadelphia, and New Jersey, purchased the 18 stores, all based in the St. […]

Wawa at Drexel University testing touchscreen-only shopping experience

Wawa’s newly renovated store at Drexel University in Philadelphia has no shelved products. Other than coffee, which remains self-serve, customers have to order products using a touch screen or Wawa’s mobile app. The store, at 3300 Market Street, reopened on July 26. Wawa spokesperson Lori Bruce said they will be gathering feedback from customers and […]

Amazon cutting jobs at Fresh grocery stores

According to a CNBC report, Amazon is reorganizing its grocery store operations, resulting in job cuts at Fresh stores. And The Washington Post says those job cuts are in the hundreds. “Like any retailer, we periodically assess our stores’ organizational needs and make decisions to increase efficiencies for our employees and deliver customer value,” said […]

9 Philly Development Projects We're Hearing About in 2023

Where construction is moving ahead (or is not) shows us how resources and interests are being distributed in both public and private arenas. It’s a glance into the future of a city. So what does the future hold for Philadelphia, a city with the development at its core? Here are some of the projects we’re […]

Amazon to implement palm-scanning payment option in all Whole Foods stores

CNBC reported that Amazon’s palm-scanning payment technology will be in all Whole Foods stores by the end of this year. First launched in 2020 and currently in 200 Whole Foods locations, the technology has processed three million “uses” so far, according to Amazon. To use this payment method, customers simply wave their palm over a […]

KOP and Burlington among Lidl closures

Lidl closed its stores in King of Prussia, PA and Burlington Township, NJ, yesterday, along with other locations in New Jersey (Howell), Virginia, North Carolina and South Carolina. The King of Prussia store opened last year and Burlington opened in 2020. At the same time, Lidl still plans to open more stores, including one later […]

Dollar Tree Will Reshape Discount Retail

A recent Forbes article discussed Dollar Tree’s latest announcement concerning its plan to move beyond its traditional $1 pricing strategy and expand into higher price ranges, including $3, $4, and $5 products. This decision comes as Dollar Tree’s competitor, Dollar General, has already ventured into similar territory. The article argues that Dollar Tree’s move is […]

Lower Makefield (PA) Wegmans to open Q1 2024

Wegmans supermarket in Lower Makefield Township (Bucks County, PA) is expected to open in the first quarter of next year, according to Jim Majewski of the township. The 94,024 square foot store is part of Pickett Preserve, a mixed-use retail and residential development. Retailers and restaurants planning to join Wegmans include Chase Bank, CVS, Firebirds […]

Amazon rumored to have interest in purchasing British online grocer with Kroger ties

Shares for British online grocer Ocado Group soared last week based on a Bloomberg report regarding “speculation of bid interest” from Amazon and other technology firms. Ocado Group has had a partnership with Kroger since 2018 in which they construct robotically-operated warehouses in the U.S. According to a Supermarket News story, Ocado paused the rollout […]

Instacart "Caper Cart" coming to ShopRite in NJ

The Caper Cart is coming to New Jersey! (I didn’t know what that meant either.) Instacart’s smart shopping cart, known as the Caper Cart, is coming soon to the ShopRite of Spotswood, NJ. The cart automatically recognizes and rings up groceries, provides recommendations to shoppers, and allows customers to check out directly from the cart. […]