EQUITY RETAIL BLOG

Supermarket Industry Mergers & Acquisitions

This article gives some insight into a few important mergers and acquisitions in the grocery industry.  National Real Estate Investor Article

Giant to close Upper Gwynedd, PA store

Giant Food announced earlier this week that it would close the Upper Gwynedd, PA location it purchased from Safeway (Genuardi’s) in 2012. The associated pharmacy, located less than a mile away in North Wales, will close as well. Both closings are planned for January 24. Giant purchased 16 area stores from Safeway in 2012. At […]

Mom's Organic Market to open Center City Philly store

Supermarket News reported yesterday that Mom’s Organic Market, which operates 12 stores including one in Bryn Mawr, PA, has signed a lease for 16,000 square feet in Center City Philadelphia. The site is part of a redevelopment on 11th Street between Market and Chestnut Streets spearheaded by National Real Estate Advisors. According to the company’s […]

Bottom Dollar stores to close by January 15

On Friday Bottom Dollar Food said it would close all 66 locations by January 15, and all 2,200 workers would lose their jobs. The company said the employees would receive severance pay, and some would receive job counseling services. Bottom Dollar, a subsidiary of Belgian-based Delhaize Group, announced in November it would sell its locations […]

Aldi hiring manager trainees, but no word on Bottom Dollar plans

It was widely reported earlier this month that Aldi, which bought the 66 stores in the Bottom Dollar chain last month, plans to hire 50 store manager trainees with starting salaries at $52,000 and the potential to earn $75,000 to $90,000 within one year. The company also said that staff working at least 20 hours […]

Dollar General not giving up on Family Dollar acquisition

Dollar General CEO Rick Dreiling said earlier this month that his company remains committed to acquiring Family Dollar, who has already agreed to be purchased by Dollar Tree, pending government approval. (See Family Dollar rejects Dollar General’s higher offer, to pursue deal with Dollar Tree.) Dreiling said Dollar General expects to provide Family Dollar shareholders […]

Ahold to grow online sales by 80% in three years

Ahold (Giant, Stop & Shop, Peapod) CEO Dick Boer recently said he would like the company to grow online sales by nearly 80% over the next three years, from approximately $1.7 billion to about $3.1 billion. The company’s online strategy would involve growing its market share, expanding its geographic reach and increasing the number of […]

Walmart wants stores to improve fresh grocery performance

According to a New York Times story last week, Walmart execs issued a memo to store managers across the country urging them to improve performance on chilled items in its dairy, meat and produce departments in order to improve sluggish sales. Walmart has about 20 percent of the nation’s dry grocery business, but only 15 […]

Costco plans store near Quaker Bridge Mall in NJ

The seller of a 17-acre property near the Quaker Bridge Mall in Lawrence, NJ said last week that Costco purchased the property for $9.4 million. According to a story in the Times of Trenton, the 156,000 square foot store will include liquor, a pharmacy, an optical services section, a tire sales and installation center, and […]

Giant Food parent behind new Philly store Everything Fresh

A November 6 article on Philly.com revealed that Ahold USA (Giant, Stop & Shop) is behind the Everything Fresh store planned in the redeveloped Stapler Building on Walnut Street in Philadelphia. According to the report, the store is part of Ahold’s plans to investigate new formats and test ideas. The “opening soon” sign on the […]