EQUITY RETAIL BLOG

Aldi to reopen 30 of 66 Bottom Dollar stores

Aldi announced last Friday that it will reopen 30 of the 66 Bottom Dollar stores it acquired from Delhaize. Aldi purchased the stores late last year for $15 million. Here are the stores that will reopen under the Aldi banner: New Jersey: Bellmawr Bordentown Cherry Hill East Windsor Edgewater Park Glassboro Lumberton Trenton Woodbury Pennsylvania: […]

Buyout Closes for PetSmart

PetSmart officially changed hands today and acquired new leadership. A consortium led by BC Partners completed the acquisition of the pet supplies and services company this morning. The deal, announced in December, had been approved by shareholders Friday. Michael J. Massey was named president and chief executive officer. He replaces David Lenhardt, who joined the […]

Ahold to layoff 120 employees

Ahold (Giant) announced yesterday that its restructuring plan would likely result in the elimination of 120 jobs at its support offices in Carlisle, PA and Quincy, MA.  The company said the layoffs would not affect workers at its stores; rather, employees in marketing, human resources and legal would be let go.

Giant Eagle to close Good Cents stores in PA, OH

Giant Eagle said last week that it plans to close all eight of its Good Cents discount grocery stores. The decision follows Food Lion’s closure of all Bottom Dollar stores last year, which leaves Aldi and Save-A-Lot as the lone discount supermarket chains in the Western PA and Northeastern OH markets. The company cited “numerous […]

Walmart slowing down growth of Neighborhood Market's smaller format stores

Walmart’s US CEO Greg Foran said in an earnings conference call last week that the company would open 10-15 of the small format Neighborhood Markets this year, then hold off on further investment in the concept until results can be studied. As of January 30, Walmart operated 88 of the smaller-format stores, which are typically […]

Target to test new approach to food

Target CEO Brian Cornell said on Tuesday that the company plans to transition “from grocery, which is transactional, to food, which is more personal and inspirational.” This new approach will be tested this summer in Chicago, where the plan is serving as a pilot for the chain’s new strategy. Cornell also said that customers are […]

Whole Foods reaches records sales in first quarter

Whole Foods announced last month that it had a record first quarter, with sales reaching $4.7 billion. That sales figure amounts to average weekly sales per store of $724,000, or sales per gross square foot of nearly $1,000. Co-CEO Walter Robb said the strong numbers were due to its customers’ positive response to the company’s […]

Wegmans hopes for November opening in Chadds Ford

Wegmans announced last month that its store under construction in Chadds Ford is slated to open on November 8, barring any weather-related delays. The 140,000 square foot store will be the centerpiece of a shopping center called Brandywine Mills. The store manager and a Wegmans attorney appeared before the township supervisors to request a liquor […]

Peapod now available in Harrisburg and York PA market

Ahold (Giant) announced last month that Peapod, its online grocery ordering and delivery service, is now available in the Harrisburg and York, PA markets. The area is serviced by a new fulfillment center in Camp Hill, PA. Peapod allows customers to create personal lists, read nutritional information and sort products by price. Customers can earn […]

New Weis Market approved for Lower Macungie, PA

Last week the Lower Macungie (PA) Township planning commission recommended that the project featuring a new Weis supermarket along with 204 apartments and a gas station be approved. The proposed mixed-use project, known as Grandview Crossings, is planned for the Allen Organ property on Route 100. The township’s board of supervisors will vote on final […]