EQUITY RETAIL BLOG

Lowe's is Trying Some Smaller Format Stores

Lowe’s Cos. Inc. is beginning an experiment in going miniature soon when it opens the first of two stores in Manhattan. The first store, which opens Aug. 17, is on the Upper West Side at 2008 Broadway at West 68th Street. A second will open in September Chelsea at 635 Sixth Ave. at West 19th […]

Ross Opening 27 Stores

Chain Store Age Article Ross Stores has some big plans when it comes to opening new stores. Ross is opening 19 Ross Dress for Less and eight dd’s Discounts stores across 15 different states in July. These new locations are part of the off-price retailer’s 2015 expansion plans to add a total of approximately 90 […]

Amazon Opening a Drive-Up Grocery Store?

Yes, you read correctly.  Amazon could be rolling out its drive-up grocery concept in Sunnyvale, California.  Silicon Valley Business Journal: Amazon planning drive-up grocery stores with the first likely coming to Sunnyvale

Dick's Opening Women's Apparel Chain

ICSC Article http://icsc.org/sct/newswire/dicks-sporting-good-launches-womens-specialty-chain Dick’s Sporting Goods Targets Women With New Store Concept Dick’s Sporting Goods announced this Monday that it’s launching a specialty women’s fitness and lifestyle boutique. The omnichannel sporting goods retailer is naming the stores Chelsea Collective after the diverse and eclectic Chelsea neighborhood in New York City. The first two Chelsea Collective stores […]

Albertsons files for IPO

Earlier this month, Albertsons, the second-largest traditional supermarket operator in the United States (behind Kroger), filed for an initial public offering. The IPO, which comes only a couple years after an investor group led by Cerberus Capital Management purchased the company from Supervalu, is expected to raise about $100 million. Albertsons said it plans to […]

Acme to bid on bankrupt A&P stores

One day after A&P filed for bankruptcy for the second time in five years, Acme announced today that it will bid to acquire 76 A&P, Superfresh and Pathmark stores in Pennsylvania, New Jersey and Delaware. In a statement by A&P earlier today, the company said it plans to sell 120 stores in total for about […]

Whole Foods overcharging is "worst case of mislabeling" inspectors have seen

Not surprisingly, the New York Daily News story about alleged overcharging by Whole Foods started off with “Rip-off on aisle four.” The newspaper reported that New York City officials launched a probe of Whole Foods after investigators claimed the eight city stores routinely overcharged customers for groceries during dozens of inspections dating back to 2010. […]

Developers planning for North Philadelphia supermarket

According to a story posted on Philly.com in June, developers are making plans for apartments and a supermarket on the vacant land surrounded by Fairmount Ave., 13th Street and Ridge Avenue in North Philadelphia. Plans include the preservation of the Divine Lorraine Hotel, once a grand hotel but now a vacant, boarded up building. RAL […]

ShopRite to open in Bethlehem Township later this month

A ShopRite-anchored mixed-use development is nearing completion in Bethlehem Township. Developers of the project, known as Madison Farms, are now leasing luxury apartments, and both ShopRite and Starbucks plan to open in the next few weeks. Other retailers planned for the project include Supercuts, Subway, Elements Massage, Heartland Dental, Pet Valu, Provident Bank and Verizon […]

Save-A-Lot planning for corporate store growth

In a May conference call with analysts, Supervalu President and CEO Sam Duncan said the company’s goal is to open up to 100 new Save-A-Lot locations this year, including about 60 corporate stores. Beginning in 2018, Duncan projects 150 Save-A-Lot openings per year and anticipates the same 60-40 corporate – licensee mix. “Supervalu wants to […]