EQUITY RETAIL BLOG

Walmart and Costco are the top two global retailers; Kroger, Lidl and Aldi in the top 10

The top 25 global retailers based on 2015 sales in U.S. dollars, according to an annual list compiled by Planet Retail:   Walmart Costco Carrefour Kroger Tesco Seven & I Schwarz Group (Lidl) Walgreens Boots Alliance AEON Aldi Target Auchan Metro Group CVS Casino Group Woolworths Rewe Group Edeka Albertsons Leclerc Coles Group Ahold ITM […]

Aldi's fastest growing line: organic

A recent article on Bloomberg.com said that Aldi is now trying to make itself more attractive to the type of customer that shops at Trader Joe’s. According to the report, Aldi U.S. CEO Jason Hart believes that American shoppers are increasingly concerned with the content and quality of the food they eat, so the company, […]

Bridgestone to Buy Pep Boys

Iconic auto repair chain Pep Boys – Manny, Moe & Jack agreed to be bought by tire giant Bridgestone Americas Inc. for $835 million, or $15 a share cash. The all-cash deal, which represents a premium of 23% over the stock’s closing price Friday, will be structured as a tender offer to close as soon as next year. At least a […]

Costco to Build 32 New Stores In the U.S. and Abroad

Costco Wholesale Corp. is feeling the pain of lower fuel prices and the stronger dollar, but the warehouse retailer is pushing ahead with plans to open more stores in the U.S. and abroad as it attracts new customers. Chief Financial Officer Richard Galanti said the retailer continues to see growth opportunities in the U.S., Canada […]

Live! Hotel & Casino Receives Planning Commission Approval

Rezoning and gaming approvals are next. Commercial Property Executive Article

Movie Tavern Proposed in Trexlertown

Movie Tavern looks like it might be coming to Trexlertown, Pennsylvania.  Congratulations to Dave Goodman of Equity Retail Brokers who represented Movie Tavern in the transaction.  Morning Call Article

Beneficial Bank to Acquire Conestoga Bancorp

Beneficial has 56 branches.  Conestoga has 14.  Nine months after raising nearly $500 million in a second-step conversion, Beneficial Bancorp said Thursday that it will buy Chester Springs-based Conestoga Bancorp for $105 million in cash. Conestoga has $712 million in assets, $506 million in loans and $530 million in deposits and 14 branches in Philadelphia, […]

Albertsons postpones IPO indefinitely

Albertsons, which had been expected to complete its initial public offering last Thursday, announced the day before that the IPO was postponed indefinitely due to recent market volatility. The company had said in a prospectus that it intended to offer 65.3 million shares priced at $23 to $26 per share, with the possibility of selling […]

Target delaying food overhaul until 2017

The Minneapolis Star Tribune reported earlier this month that Target has pushed back the rollout of its food overhaul from 2016 to 2017, saying they need more time to hash out and test ideas. The company’s goal is to make its grocery department more of a destination, rather than an afterthought. The process has already […]

Dollar General to increase sale of perishables, health and beauty products

Dollar General announced recently that the company is working on a new store prototype that will provide more fresh foods and health and beauty products. The rollout will begin in 2016 with all new stores and remodels. CEO Todd Vasos said the new stores will have more coolers, which mean more perishables, and “perishables drive […]