EQUITY RETAIL BLOG

Ahold-Delhaize trading as one entity, selling off stores to avoid antitrust concerns

Ahold-Delhaize began trading as a combined entity on Monday, July 25, a few days after the Federal Trade Commission issued a consent order allowing for the completion of the merger, subject to the sale of 81 stores due to antitrust concerns. According to the company, agreements have been made to sell all 81 stores, plus […]

Dollar General Buys 41 Walmart Express Locations

On Wednesday, Dollar General said it has bought 41 former Walmart Express stores in 11 states. In January, Wal-Mart Stores Inc. shut down all 102 of its smaller-format stores, part of an effort to shutter 269 underperforming stores worldwide and 154 in the U.S. The Express stores were the 10,000 to 15,000 square foot locations that the retailer […]

Archaeology, Clean Out, & Watch Your Time (YouTube video)

This YouTube video was prompted when I was cleaning out one of the filing cabinets in my office.  We, Equity Retail Brokers, purchased and constructed our office in Plymouth Meeting, Pennsylvania and we are preparing for the move.  Thanks to everyone both in and out of my company who contributed to all those deals.  Archaeology, […]

Join.me for a Conversation

The Challenge We have a limited amount of time in the real estate business and in life. Reviewing aerials, site plans, elevations, and LOIs is very cumbersome and difficult when you and your client are not both looking at the same document at the same time. You need to join.me for a conversation. Action Taken […]

Dollar General wants to double its store count

Dollar General announced last week that it is targeting up to 13,000 potential sites in the continental United States. If they are successful in opening stores in all the targeted locations, the company would double its current store count. “In trade areas where you probably only need one store for the next seven to 10 […]

Walmart revamping Neighborhood Market stores, testing car service delivery

Walmart plans to give its Neighborhood Market concept, a small-format supermarket, an in-store revamp to a new, “fresh and friendly” prototype to better compete with conventional food retailers and price-focused merchants (dollar stores, discount grocers, etc.). “We’ve created a more modern look and feel. We’ve changed the colors… You’ll see pick-up, you’ll see pharmacy and you’ll see fresh food,” said […]

Acme performance improving thanks to new playbook

Prior to Albertsons takeover of Acme in 2013, same-store sales at the one-time Greater Philadelphia market leader were negative in 27 of the previous 28 quarters. Today, thanks in large part to the parent company’s “operating playbook,” Acme is performing better than it has in years. According to a Supermarket News story last week, new […]

ShopRite, Weis, Grocery Outlet add stores

It was announced last month that Village Super Market, a Wakefern member that operates 29 ShopRite supermarkets, signed a lease for a 90,000 square foot store that will anchor a new mixed-use development in Old Bridge, NJ. The store is slated to open next summer. Plans for the development include 2,000 residential units and more than 500,000 square feet […]

2 Minutes Left & You're Down a Goal

Life is like sports.  Sports are like life.  In the comercial real estate business, especially as a broker, you have to operate like your playing sports, there’s 2 minutes left in the game, and you’re down a goal.  Your clients deserve that type of effort and commitment, and you never know what deals will fall […]

Vegas ICSC Tips & Tricks

Here are some tips and tricks for getting the most out of your ICSC experience in Las Vegas: Get in one day early and spend some time with a client. Use any extra time to gather your thoughts about the show, clients, push a few more emails, prepare for the coming year, etc. If you’re […]