EQUITY RETAIL BLOG

Supermarket and warehouse club sales outpaced retail from '07 - '12

According to a report released by the U.S. Government called “2012 Census of Retail Trade,” supermarket sales outpaced overall retail sales between 2007 and 2012. Supermarket sales grew by 15.2% during the period, which is nearly twice as much as all other retail, which grew by 7.8%. And with sales growth of 25.1% over the […]

A&P looking for buyers

Last week A&P, which operates under the Super Fresh and Pathmark banners in the Greater Philadelphia market, acknowledged that it is “seeking alternatives for its business,” adding that a sale of the company was only one of its options. In other words, A&P is for sale. According to a New York Post story, A&P is […]

Gap Closing 175 North American Stores

Philly.com Article Gap to close 175 North American stores Gap (GPS) said Monday it will also close a “limited number” of Gap stores in Europe over the next few years. Store closures will only affect Gap stores, and not its other brands — Banana Republic, Old Navy, Intermix and Athleta — or its outlet and factory stores, […]

Target Express Proposed for 19th & Walnut in Philadelphia

Target Corp. will open in miniature at the Boyd Theater development site, tapping Center City’s growing base of workers and residents amid the retailer’s nationwide introduction of smaller shops tailored to urban storefronts. Philly.com Article

Shoe Carnival Has New Small-Market Store Format

The store would be about 5,000 SF. Courier & Press Article

Saladworks Acquired

Private equity bought the company out of bankruptcy. Restaurant News Article Saladworks has been acquired out of bankruptcy by Centre Lane Partners, a New York City-based private-equity firm, the company said Monday. Centre Lane agreed to pay $16.9 million for the 108-unit chain, including $15 million in cash and $1.2 million into a “brand development […]

Target Selling Pharmacy Business to CVS

Target selling pharmacy business to CVS for $1.9 billion  http:// CircaNews Link CVS Health and Target Sign Agreement for CVS Health to Acquire, Rebrand and Operate Target’s Pharmacies and Clinics CVS Health Corporation (NYSE:CVS) and Target Corporation (NYSE:TGT) announced today that they have entered into a definitive agreement for CVS Health to acquire Target’s pharmacy […]

1,000 New Wendys by 2020

Wendys Co. plans to open 1,000 new units by the end of 2020, the company said Wednesday, as growing sales and higher profits encourage operators to expand. The vast majority of those new restaurants will be built by franchisees, as the system continues to shift to a more franchise-heavy model following the sale of 540 […]

Whole Foods New Smaller Concept

Check out this description of Whole Foods new smaller concept.  philly.com Article Whole Foods Unveils Small-Concept Store Name, Negotiates NYC Leases for New 365 Brand Whole Foods Market has revealed the name of its new value-focused brand, 365 by Whole Foods Market, and in New York City, executives are in serious real estate negotiations for 365-branded stores […]

Wegmans to anchor Brooklyn Navy Yard development

Wegmans has been selected as an anchor tenant for a $140 million development at the Brooklyn Navy Yard. The store will be Wegmans’ first in New York City. According to reports, demolition of existing buildings will begin later this year, and the 74,000 square foot store is expected to open in 2018. Five years ago […]