EQUITY RETAIL BLOG

Family Dollar rejects Dollar General's higher offer, to pursue deal with Dollar Tree

Last week I blogged about Dollar Tree’s $8.5 billion deal for Family Dollar Stores, which was followed by Dollar General’s $9.2 billion cash offer for the same company. A few days ago Family Dollar rejected the higher offer and said it will pursue its prior agreement with Dollar Tree, citing antitrust considerations. Dollar General said […]

Delhaize May Pull the Plug on Bottom Dollar

Food Trade News reported in its August issue that Bottom Dollar Food, a division of Delhaize America, “has reportedly felt enough competitive heat and is exploring the sale of its 66 stores located in Pennsylvania, Southern New Jersey and Northeast Ohio.” 46 of the 66 stores are in the Greater Philadelphia market. Reportedly several retailers […]

Delhaize may pull the plug on Bottom Dollar

Food Trade News reported in its August issue that Bottom Dollar Foods, a division of Delhaize America, “has reportedly felt enough competitive heat and is exploring the sale of its 66 stores located in Pennsylvania, Southern New Jersey and Northeast Ohio.” 46 of the 66 stores are in the Greater Philadelphia market. Reportedly several retailers […]

Walmart's Neighborhood Markets are thriving, but at what price?

Walmart reported its second quarter earnings, and despite the company’s seventh straight quarter without sales growth at stores open at least one year, as well as a downgraded full-year profit outlook, Walmart reported that its small-scale Neighborhood Market locations are thriving. Neighborhood Market same-store sales grew by 5.6% compared to the previous quarter, and traffic grew […]

Dollar General and Dollar Tree fighting for Family Dollar Stores

In late July it was announced that Dollar Tree would buy competitor Family Dollar Stores in a cash and stock deal worth $9.2 billion, and that both companies unanimously approved the merger. However, reports today said that Dollar General offered $9.7 billion in cash for Family Dollar. Today’s move by the top dollar store in […]

Grocery dominates Top 100 Retailers list

The National Retail Federation released its Top 100 U.S. Retailers list, with Walmart on top with $334 billion in sales, about three-and-a-half times the sales of runner-up Kroger. As a merchandise segment, grocery continues to prove that it’s a driving force. According to the study, eight of the nation’s 10 largest retailers drive a significant portion […]

TargetExpress opens in Minnesota

Target announced last month that it was scheduled to open its smallest store ever near the University of Minnesota campus. At 20,000 SF, TargetExpress will carry about 20% of the merchandise a typical Target store offers. Products will include dry groceries, meat, deli, bakery and frozen items, as well as a large selection of grab-and-go […]

Cabela's Aiming at Smaller Stores

Cabela’s is focused on smaller stores closer to quality retail.  On the heels of a disappointing financial quarter, the CEO of outdoor retailer Cabela’s says the company plans to stick to opening smaller-format stores. Cabela’s missed the target Wall Street set for profit and revenue during the second quarter of fiscal 2015.Cabela’s reported net income […]

Wegmans Plans 10 More Stores

See the following article on Wegmans expansion efforts. Expansion Article Wegmans Plans 10 New Supermarkets In 5 States Wegmans Food Markets says it plans to add 10 new stores in the Northeast and Mid-Atlantic regions over the next year or two. The Rochester-based supermarket chain says it’s planning to open four stores in Virginia, two […]

ShopRite, Giant continue to lead food retailers in the Greater Philly market

The annual Market Study issue of the Food Trade News is out, and Publisher Jeff Metzger has over 150 pages of facts and figures about the supermarket landscape from Connecticut to Delaware. Jeff’s Taking Stock column points out that many food retailers found the landscape “extremely challenging and difficult over the last 12 months.” He […]