EQUITY RETAIL BLOG

Perishables driving sales growth for Save-A-Lot

Supervalu reported last month that a focus on perishables is responsible for sales growth at Save-A-Lot, whose fiscal second quarter sales increased 8% (to $1 billion) from the same quarter last year. Overall sales at Supervalu totaled $4 billion, a 1.8% increase. Supervalu CEO Sam Duncan also reported that identical stores sales at Save-A-Lot improved […]

Costco to keep expanding as rival Sam's Club struggles

Costco announced last month that it plans to boost capital spending in fiscal 2015 by 25% – 35% in order to open 31 new warehouses and relocate four others, and increase spending on remodeling activities. Costco CFO Richard Galanti said capital spending for 2015 will total about $2.6 billion, compared with $2 billion in fiscal […]

Wakefern's fiscal 2014 sales rise 4%

Wakefern Food Corp. reported last week that retail sales improved by 4% to $14.7 billion in the fiscal year that ended on September 27, 2014. During the fiscal year store openings included six ShopRite, five PriceRite and six Fresh Grocer stores. In addition, the company expanded its ShopRite from Home services to 214 stores.

C&S Wholesale wins auction for AWI

As reported in the Food Trade News last week, a U.S. Bankruptcy judge declared C&S Wholesale Grocers the winner of the auction to acquire the assets of Associated Wholesalers, Inc. (AWI), the PA-based co-operative. The bid was valued at $288.1 million, about $3.5 million more than Supervalu’s runner-up bid. The acquisition is expected to close on […]

Kings and Balducci's leaving White Rose for Wakefern

Angelo Gordon Supermarkets, which operates the Kings Food Markets and Balducci’s banners in the Northeast, has begun the process of switching from White Rose to Wakefern, according to published reports. Associated Wholesalers, Inc. (AWI), White Rose’s parent company, filed for Chapter 11 Bankruptcy last month and is expected to be sold at auction to C&S […]

PriceRite opens in Camden today

Camden, NJ’s first new supermarket in nearly 40 years comes today as PriceRite opens it’s doors to the public at the site of a former Pathmark that closed last year. Ravitz Family Markets, which operates five ShopRite stores, is the owner/operator. They plan to open a sixth ShopRite in Camden in 2016.

ERB Represents Wakefern in Leasing at Oxford Oaks Shopping Center

Rob Samtmann represented Wakefern Food Corporation in Leasing the former Super Fresh at the Oxford Oaks Shopping Center in Yardley, PA. Equity Retail Press Release

Acme to close two Bucks County stores next month

Acme officials announced yesterday that their stores in Chalfont and Warminster will close on November 13. A spokesperson for Acme said the locations “were not meeting our company’s goals… we made a decision to shift our resources to other areas.” The spokesperson said the company does not plan to close other locations in the near […]

23 Bi-Lo and Winn-Dixie stores to close in the next month

A spokesperson for Bi-Lo Holdings said this week that the company would close 23 Bi-Lo and Winn-Dixie stores on or before November 17. Closures, which are blamed on poor performance, will take place in Alabama, Georgia, Louisiana, North Carolina and South Carolina. The Spokesperson told Supermarket News that the closing stores represent less than 3% […]

Trader Joe's beating up Whole Foods in sales per square foot

Business Insider published an article earlier this week explaining why Trader Joe’s sells nearly twice as much per square foot than Whole Foods ($1,734 PSF compared to $930 PSF). According to the story, “Trader Joe’s is cheap.” For instance, Trader Joe’s sells a bag of quinoa for $4.99, while Whole Foods sells it for $9.99. […]