EQUITY RETAIL BLOG

Lidl releases detailed criteria for U.S. expansion

Lidl, the European supermarket powerhouse that’s acquiring land up and down the east coast as it plans for a 2018 U.S. launch, introduced a website last month outlining its preferred site criteria and guidelines for potential suppliers. The website invites submissions of properties available for purchase in New Jersey, Pennsylvania, Delaware, Maryland, Virginia, North Carolina, […]

Save-A-Lot planning six new PA/NJ stores

It was reported last month that Save-A-Lot, the discount grocer that Supervalu is looking to spin off, plans to open six new stores in Pennsylvania and New Jersey. Two of these stores will open soon in Philadelphia, and one in Norristown, PA. The other locations are planned for Lebanon, PA, Pottstown, PA and Trenton, NJ.

Acme opens Jersey Shore stores

Acme continued its recent comeback with the opening of a 50,000 square foot store in Barnegat, NJ in a location vacated by Genuardi’s in 2012. Acme now has 178 stores across Pennsylvania, New Jersey, Delaware, Maryland, New York and Connecticut. The opening in Barnegat, a Jersey Shore town, follows the opening of a store five […]

Supermarket with no staff opens in Sweden

A grocery store with no staff has opened in Sweden. The store, located in a small seaside resort in the southern part of Sweden, is controlled by customers via an app. It responds to shopper requests day and night, all year round. Once customers are registered, they simply enter the store, scan their items, pay […]

ShopRite, Wawa coming to Northeast Philadelphia

A ShopRite-anchored center that will also include Wawa will receive a total of $12.5 million in tax credits to fund its construction, which is expected to start in a couple months. The center will be located in the Wissinoming section of Philadelphia (lower Northeast) and will be about 110,000 square feet.

Burlington Mall Renovation Delayed

A $230 million plan to renovate Burlington County Mall has been delayed until fall of this year. The renovation plans for Burlington County Mall, renamed the ‘Marketplace at Burlington,’ have been delayed due to ‘complicated lease agreements’. The $230 million renovation was supposed to be a turnaround for the mall. According to Philly.com, the location of the […]

Three Brixmor Execs Resign

Reuters Article Brixmor’s top executives exit after accounting review, shares plunge Shopping center owner and operator Brixmor Property Group Inc said its CEO and two other top officers resigned after an internal review found that its financial statements were tampered with, sending its shares down as much as 25 percent. The company said on Monday […]

Lowe's making a Big Splash in Canada

Lowe’s is buying a market leader in Canada.  icsc.org Article LOWE’S TO ACQUIRE RONA, CREATING CANADA’S LEADING HOME IMPROVEMENT RETAILER – Transaction unanimously approved by both companies’ Boards of Directors – Agreement is based on compelling strategic rationale for both companies – Lowe’s pledges important commitments to RONA’s key Canadian stakeholders – Lowe’s to locate its Canadian head office in Boucherville, Quebec; Canadian […]

Retailers Shaving Some Stores & Preparing for Future

This article provides a good understanding of the 2015 holiday shopping season and retail today. http://nreionline.com/retail/retailers-pare-store-counts-landlords-brace-bumpy-transition?NL=NREI-21&Issue=NREI-21_20160204_NREI-21_208&sfvc4enews=42&cl=article_1&utm_rid=CPG09000005856700&utm_campaign=4960&utm_medium=email&elq2=25d99cbe34244807b808126b03

JCPenney Closing 7 Stores

Consumerist Article History appears to be repeating itself at JCPenney this week. Just days after the retailer announced its same-store sales were up through the holiday season, the company tempered that good news by unveiling plans to close several stores… again.  You might remember the same good news-bad news pattern from just a year ago when the company said […]