EQUITY RETAIL BLOG

REI Closed on Black Friday

Forbes Article Black Friday Disrupter: REI Goes Retail Rogue Black Friday has become a tradition to kick off the holiday shopping season. And, it’s all about the money. It’s about customers saving money and retail stores offering great deals to increase their sales. It’s a tradition to kick off the holiday shopping season. With so […]

BJs Wholesale Coming to Summerville, South Carolina

GBT Realty Corp. will develop a new BJs Wholesale Club in Summerville, S.C. The $12 million development is situated on a 10.5-acre site at the southeastern corner of Interstate 26 and North Main Street. The 87,800-square-foot membership warehouse club will feature a BJ’s gas station and is expected to open in late 2016. Construction is […]

Lidl CEO confirms "several dozen" stores coming to America in 2018

Lidl CEO Sven Seidel recently told a German newspaper that “the United States are a strategic market for us. We will launch there with several dozen stores.” Seidel said stores would open in Virginia, North Carolina, South Carolina, Maryland and Washington DC. According to regional real estate brokers, deals have also been made in Pennsylvania. […]

Kroger to expand to Wisconsin and Illinois with Roundy's purchase

Kroger announced last week that it would buy Roundy’s Supermarkets for $800 million. Roundy’s stores are in Wisconsin and Greater Chicago, markets Kroger doesn’t currently have a presence in. Kroger, already the largest conventional supermarket chain in the U.S., will add 151 stores and 101 pharmacies to its roster. In addition to Roundy’s, the banners […]

Wegmans anchors "service center" in Glen Mills, PA

Wegmans’ 88th store opened a couple weeks ago in Glen Mills, PA, in a center focusing on service, according to Peter Miller of Carlino Commercial Development. “There is a lot of food, medical, grocery, restaurant, and some service with banking and an AT&T, and fewer soft goods retailers,” said Miller. “This is what this center […]

A&P has sold 167 of 296 stores; all remaining supermarkets to go dark by Thanksgiving

To quote the Food Trade News, “The wind down of the once iconic Great Atlantic & Pacific Tea Company goes on and the results continue to be underwhelming.” The publications November issue reports that 167 of the 296 stores have been sold, with another 20 awaiting sales approval from the bankruptcy court. All the stores […]

York Capital Acquiring Houlihan's

Restaurant News Aritcle York Capital Management has signed a definitive agreement to buy the parent company of Houlihan’s, the Leawood, Kan.-based restaurant operator said Monday. York is buying Houlihan’s Restaurants Inc. from a subsidiary of Goldner Hawn Johnson & Morrison. Terms were not disclosed, but HRI said the transaction was expected to close in December. Restaurant veteran […]

Walmart focusing on freshness

A Supermarket News story last week reported that Walmart is making a significant effort to increase the company’s emphasis on fresh products in its stores. For instance, a Walmart official said they are improving product quality and variety in the bakery section, where they have brought in new products and better quality recipes. “Bakery is […]

Lidl breaks ground on U.S. distribution center

Lidl, the German discounter and Aldi rival that plans to open stores in the U.S. by 2018, broke ground for a new regional headquarters and distribution center in Fredericksburg, VA last Tuesday. The company’s U.S. headquarters is planned for Arlington, VA. Lidl operates about 10,000 stores in 26 countries throughout Europe, and has been securing […]

A&P to put store names up for auction

Now that A&P’s bankruptcy proceedings, including the auctions for its remaining stores, are winding down, the company announced that it plans to take bids for its intellectual property, including brand names for its stores and private brands, its slogans and customer data. Brands up for grabs include A&P, Pathmark, Waldbaum’s, Super Fresh, Food Basics and […]