EQUITY RETAIL BLOG

Joyce Leslie Files for Chapter 11 Bankruptcy

NY Post Article

LIDL Overview of Site Selection

Supermarket News Overview of LIDL Site Selection As part of an effort to acquire sites for its U.S. store expansion, Lidl has launched a new website detailing its preferred site criteria, and guidelines for potential suppliers. The site confirms that the retailer is seeking to build stand-alone stores of 36,000 square feet in dense population markets […]

ShopRite and Samsung to allow customers to order groceries from their refrigerators

At the Consumer Electronics Show in Las Vegas earlier this month, Samsung showed off its new Family Hub refrigerator that will allow owners to order groceries from ShopRite through the appliance’s built-in screen. ShopRite plans to integrate its online grocery service with the Groceries by MasterCard app that comes with the refrigerator. According to published […]

Dollar Tree adds 8 Philly area stores

Dollar Tree announced earlier this month that it plans to open eight new stores in Philadelphia and the Pennsylvania suburbs. The new stores are in the following locations. Bensalem, PA Fairless Hills, PA Levittown, PA Southampton, PA Chester, PA Woodlyn, PA Philadelphia, PA (Morrell Ave.) Philadelphia, PA (Broad St.) The company has been in expansion […]

Walmart Closing 269 Stores

The closings include… 102 company small format stores 23 Neighborhood Markets 12 Supercenters 7 stores in Puerto Rico 6 discount centers 4 Sam’s Clubs Shopping Center Business Article Bentonville-based Wal-mart Stores Inc. is set to close 269 stores in the U.S. and globally. In October 2015, the company said an active review of the portfolio […]

Walmart to close 269 stores, including all Express stores

Walmart announced last week that it plans to close 269 stores, including all of its 102 Walmart Express small-format stores. Of the store closings, 154 will take place in the U.S. According to Walmart, the impacted stores represent less than 1 percent of the 11,600 stores worldwide and will impact 16,000 employees (10,000 in the […]

Save-A-Lot files IPO, to spin off from Supervalu

Supervalu announced earlier this month that its discount grocer Save-A-Lot filed an IPO and plans to spin off into a publicly traded company to be largely controlled by Supervalu shareholders. According to Supervalu CEO Sam Duncan, after the separation “Supervalu will be able to focus on providing wholesale distribution services to independent retail customers and […]

Mall Anchors are Fading

The following article is a good accounting of the current state of affairs for mall anchors.  There is some information specific to the Philadelphia market, but there is enough national information to make it a worthwhile article. Traditional mall anchors are fading away The American middle class is disappearing, and with it, the mall anchor store. […]

Target Announces New Stores

Target announced its new stores in 2016 and 2017.  Most will be urban stores in New York City, Boston, Philadelphia, and Chicago ranging from 19,000 SF to 45,000 SF. The only full-size store will be opened in Allentown, Pennsylvania. Argus Leader Link

Brookhaven, PA to welcome ShopRite and Giant in 2016

The shopping center known as 352 Plaza in Brookhaven, PA had two doomed tenants – Pathmark and K-Mart-  but will soon come to life with a Lowe’s (under construction) and a planned ShopRite. The grocery store could open by March 2016 and will feature an outdoor cafe, beer sales, and a hot and cold food […]