EQUITY RETAIL BLOG

Wegmans coming to Lancaster, PA

Wegmans announced yesterday that it plans to open a new store in Lancaster, PA in 2018. The 120,000 square foot store is slated to anchor The Crossings at Conestoga Creek, a proposed mixed-use development on Harrisburg Pike, just east of the Route 30 interchange in Manheim Township. High Real Estate Group is the developer. Lancaster […]

Aldi and Lidl planning shake-up of U.S. grocery landscape

A Wall Street Journal article last month said “the two scrappy German discounters that have wreaked the most havoc in Britain are ratcheting up their U.S. ambitions.” The discounters are, of course, Aldi and Lidl. Aldi currently has over 10,000 stores in 18 countries. (Aldi is actually broken down into Aldi Nord and Aldi Sud, […]

Whole Foods to layoff 1,500 employees

Whole Foods said last week it would eliminate 1,500 jobs, or 1.6% of its workforce, as part of a commitment to invest in technology and lower prices. The company anticipates that many of the reductions would come from natural attrition, and that it expects other affected employees to find jobs elsewhere within the company via […]

Albertsons set to raise $1.8 billion from IPO

It was reported last week that Albertsons, which operates 2,200 stores in 33 states, including Acme Supermarkets in the Greater Philadelphia Region, expects to raise up to $1.84 billion in its initial public offering. The company has not yet said when the IPO will take place. Executives plan to change the organizational structure of AB […]

Ross Is Opening Stores

See the following Retail Dive article for the most recent Ross openings: Retail Dive Link Ross Stores to expand as off-price segment heats up Ross Stores Inc. will open four new Ross Dress stores in October, two in the Chicago area, one in Elkhart, IN, and one in East Largo, FL.The company is also opening four […]

DSW to Open 22 Stores This Fall

zacks.com Article

WARN Notices filed for 94 A&P stores in New Jersey

WARN notices were filed with the state of New Jersey for 94 A&P, Superfresh, Pathmark and Food Basics stores that are slated for closure. The Worker Adjustment and Retraining Notification Act (WARN) was enacted in 1988 and requires employers to provide notice 60 days in advance of covered plant closings and covered mass layoffs. The notice must […]

Sears Posts Quarterly Profit

This article provides a good snap shot of the company’s current state of affairs.  GlobeSt.com Article Sears posts first quarterly profit since 2012 on property sale Sears reported its first quarterly profit in more than three years thanks to a one-off gain from the sale of stores, but the struggling retailer’s sales continued to decline. […]

Popeye's Expanding

MarketWatch Article Popeyes Louisiana Kitchen Inc., the franchiser and operator of Popeyes US:PLKI  fast-food chicken restaurants, has some ambitious growth plans. “For the last eight years we put this brand on a trajectory to double in size in the U.S. and more than double in size internationally,” Chief Executive Cheryl Bachelder told MarketWatch. Popeyes, which has a […]

Target Opening Another Store in Center City Philly

Philly.com Article