EQUITY RETAIL BLOG

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 […]

Last Genuardi's store closes in Audubon

The last operating Genuardi’s supermarket, in the Audubon Village Shopping Center in Audubon, PA, closed on May 27. According to a store employee, the lease expired and another operator may take over in the location. Genuardi’s, once a popular chain in the Greater Philadelphia Region, was purchased by Safeway in 2001, and in recent years […]

Wawa wants to sell beer in Chadds Ford store

Philly.com reported today that Wawa wants to sell beer at its store on Naamans Creek Road in Chadds Ford. According to a Wawa spokesperson, the company views this as a “single-store expansion.” The spokesperson also said they may look to expand their offerings in the future. The Philly.com article points out that the nearby Acme […]

Whole Foods to open "365 by Whole Foods Market" stores

Whole Foods has been talking about its new, smaller format since May, and rumors have been swirling about what they will call the chain. It was reported today that Co-CEO Walter Robb told the Associated Press the name will be “365 by Whole Foods Market,” which reflects the name of their house brand, “365 Everyday […]

Giant and Food Lion parent companies in merger talks

Ahold and Delhaize confirmed last month that they are in the early stages of merger talks, and analysts believe a deal could be struck this year. Ahold is the parent company for Ahold USA, which includes Giant Food, Martin’s, Stop & Shop, and Peapod. The Delhaize Group includes Delhaize America, which consists of Food Lion […]

Center to be anchored by Costco under construction in Lehigh Valley

Construction began last month for Hamilton Crossings, the Trexlertown, PA retail center that plans to include Costco, Target, Whole Foods, Nordstrom’s Rack, Dick’s and PetSmart, among others. In all, developers Tim Harrison and the Goldenberg Group expect the center to include 33 retailers. The projected opening date is in July, 2016.

Costco's success a result of CEO's leadership

Costco is successful, and I believe the primary reason is Chairman and CEO Craig Jelinek and his business philosophy. Examples of his beliefs are evident in the following quotes from an article published last month by Supermarket News. “Companies sometimes lose their way because they lose their core values and culture. Your business can evolve, […]