EQUITY RETAIL BLOG

Report says more Philadelphians have access to groceries than in 2005

A recent report from The Reinvestment Fund (TRF), a community development financial institution based in Philadelphia, found that many more Philadelphians live near a full-service grocery store compared to 10 years ago. In fact, the number of residents without access to a grocery store dropped 56 percent. Nationwide, the number of residents without grocery access […]

Walgreens to cut 200 U.S. stores

Walgreens Boots Alliance Inc. reported earlier this month that it plans to close 200 drug stores in the U.S. as part of an overall plan to cut $500 million in costs. The cost cutting plan also includes a corporate reorganization. The merger between Walgreens and Alliance Boots, operator of the U.K. chain Boots as well as a […]

Wegmans rated best supermarket by Consumer Reports

In Consumer Reports‘ annual ranking of supermarket brands, Wegmans once again came out on top. In all, 68 supermarket brands were ranked based on responses from more than 62,000 Consumer Reports subscribers. Traditional supermarkets, warehouse clubs, supercenters and limited assortment stores were included in the study. The top rated supermarkets, which also included Publix and […]

Lidl preparing for entry into U.S. market

A Supermarket News story reported last week that German retailer Lidl is ramping up for its entry into the U.S. market by establishing new U.S. offices, advertising job openings and meeting with suppliers in Europe to determine their ability to distribute to the new stores. Although Lidl parent company Schwarz Group confirmed 2018 as the […]

Toys R Us Might be Changing Up the Store Strategy

Struggling toy retailer Toys“R”Us Inc. appears to be shaking up its bricks-and-mortar strategy, adding play spaces to its stores and reportedly shuttering its iconic Times Square location. The Wayne, N.J.-based company has not confirmed the closure of the 110,000-sq.-ft. flagship store, but it has confirmed the lease expires in 2016 and that it’s evaluating options. Meanwhile, […]

Aldi to Reopen 30 Bottom Dollar Stores

Sears, a REIT, and General Growth

ICSC.org Article Sears setting up REIT to raise $2.5 billion from shareholders Sears Holdings Corp. plans to raise more than $2.5 billion from shareholders by offering rights to buy shares in a real-estate investment trust that will hold some of its stores. The REIT is the latest in a series of steps Chief Executive Eddie […]

Dollar General plans for aggressive expansion

Dollar General announced in March that it achieved record results and plans to accelerate its store expansion plan by opening 730 new stores in 2015 and remodeling 875 others. The company opened 700 news stores in 2014. The announcement came shortly after Dollar General’s failed attempt to acquire Family Dollar, with whom Dollar Tree reached […]

Traditional supermarkets continue to lose market share

An article in the February issue of Shopping Centers Today reported on the affect grocery discounters are having on the supermarket industry, stating that traditional supermarkets are losing market share “thanks to a rapidly advancing horde of competitors seeking to outdo them on price, convenience and quality.” The article quoted an analyst from JLL who said […]

Save-A-Lot to add 7 stores in PA, NJ

Save-A-Lot announced that it will add seven new stores in PA and NJ. Three of the stores – two in North Philly and one in the Northeast – will be in Philadelphia. Stores will also be added in Norristown and Lebanon, PA, as well as Lindenwold and Bridgeton, NJ. The stores will range in size […]