EQUITY RETAIL BLOG

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 […]

USPS to deliver groceries for e-tailers

It was announced in October that the U.S. Postal Service has been granted permission to start a two-year test of a customized delivery program for grocery e-tailers. The approval follows the postal service’s test partnership with AmazonFresh in San Francisco. Despite protests from a group knows as the Taxpayers Protection Alliance, the Postal Regulatory Commission […]

Costco to Build a New Store in Lawrence, NJ

Say hello to a new Costco in Lawrence, NJ.  Construction could start in the Spring.  From Brendan McGrath of the Times of Trenton: Costco has closed a $9.4 million deal to purchase 17 acres in Lawrence for a new store near Quaker Bridge Mall, the seller of the property said Thursday. The site plan for […]

Bottom Dollar to sell its 66 stores to Aldi

Delhaize Group announced yesterday that it has reached an agreement to sell all 66 Bottom Dollar Food stores to Aldi for approximately $15 million. 46 of the stores are in the Philadelphia region. Bottom Dollar will continue to operate its stores until the end of the year, at which time all the stores will close. […]

Whole Foods launches first-ever national ad campaign

Reacting to competitors who are increasingly selling natural and organic foods, Whole Foods launched its first-ever national ad campaign to remind consumers of the company’s buying standards, the origins of its products and the Whole Foods’ pioneering role in the industry. In a campaign that kicked off in October, Whole Foods is calling itself “America’s […]