EQUITY RETAIL BLOG

Whole Foods closing food production facilities

Whole Foods announced earlier this month that it plans to close three food production facilities along the East Coast. The closures are believed to be part of the company’s efforts to streamline operations and reduce costs. The facilities closing are in Everett, MA; Landover, MD; and Roswell, GA. The operations at the three locations will […]

Save-A-Lot closing west coast stores

Save-A-Lot, under the ownership and guidance of private equity firm Onex since last fall, announced earlier this month that it would close all 13 of its existing stores in California and Nevada, as well as the distribution center servicing them. Supervalu, the discount grocer’s previous owner, saw the west coast as a great opportunity, but […]

Big gains seen in online grocery shopping

According to a Supermarket News story published yesterday, industry experts say that both consumers and retailers are becoming more comfortable with online grocery ordering. As a result, online grocery sales could be poised for significant gains in 2017. Brick Meets Click CEO Bill Bishop cited his company’s research indicating that active online grocery users nearly doubled from […]

Lidl secures sites in Cumberland County, NJ

The Philadelphia Business Journal reported yesterday that Lidl has secured three Cumberland County, NJ locations – Millville, Upper Deerfield and Vineland. It is presumed that the stores will open in 2018, when anywhere from 75 – 125 new Lidl stores are slated to open between New Jersey and Georgia. The company, which plans to operate stores that are […]

Acme to be replaced by residences in Society Hill, Philadelphia

The Acme store in Philadelphia’s Society Hill will close once its lease expires in two years and be replaced by a residential building, according to a report in today’s Philadelphia Inquirer. The report says that Alterra Property Group received a conditional zoning permit last week that allows for the demolition of the current building as […]

150 Sears & Kmart Stores to Close

This article is a good resource for the state of current affairs at Sears & Kmart. Sears Holdings on Wednesday announced it has entered into a $500 million committed secured loan facility, maturing in July 2020, with Seritage, its subsidiary real estate investment trust. Some $321 million was funded under the loan facility Wednesday and […]

Pick Up the Phone & Put Down the Email

  Talking to someone directly is so much better than email.  You get to hear the inflection in their voice.  You get to talk things out and work through issues.  You get to achieve goals in a fraction of the time it would take to do it via email.        Oh, and by […]

Starbucks Expanding

Starbucks opening more domestic stores, stores in China, and their new high-end Reserve stores.  ICSC Article QSR Magazine Article

Acme may replace Fresh Grocer at UPenn

Philly.com reported earlier this week that the Fresh Grocer on the University of Pennsylvania’s campus in Philadelphia may be replaced by Acme. Acme confirmed that they have been in talks with UPenn about the location. According to the Philly.com story, Fresh Grocer, which has been open and operating since 2001, “failed to exercise its renewal […]

Fred's to buy 865 stores from Walgreen's and Rite Aid

Walgreen’s and Rite Aid announced earlier this week that they have agreed to sell 865 stores to Fred’s for $950 million in order to alleviate any antitrust concerns related to their pending merger. Kroger had been rumored as the leading candidate to purchase the stores. Currently Fred’s has 581 stores, most of which are in […]