EQUITY RETAIL BLOG

The Fresh Market expanding in CA, TX and FL

The Fresh Market isn’t worried about Whole Foods’ competitive price positioning and feels it is less prone to price sensitivity than its competitors, according to CFO Jeffrey Ackerman. “Our view is that people are coming to us for the quality of the service, the quality of the food and a different shopping experience,” Ackerman said last […]

Fresh Grocer closes NJ store in "food desert"

The Fresh Grocer closed its New Brunswick, NJ store on May 24 after less than two years in operation. The store, located in a downtown “food desert,” was not able to generate enough business, according to owner Pat Burns. The company, which became part of the Wakefern cooperative last year, operates six other locations in Pennsylvania […]

Wegmans updates pubs, lets servers accept tips

Wegmans announced last month that it had reopened two of its restaurants – in Collegeville and Malvern, PA – with “refreshed decor and an updated menu.” The restaurants, each known as The Pub at Wegmans, will also now let servers accept tips. Overall, Wegmans operates five pubs and tips had been allowed at the others, […]

Some New Walmart Strategy

This brief article gives the reader insight on some of Walmart’s strategy on rolling out their stores, especially new concepts.  CSPnet.com Article Walmart U.S. accelerates small store growth BENTONVILLE, Ark., Feb. 20, 2014 – Behind a real estate strategy focused on providing the broadest selection of products and convenient access through a digitally connected, multi-format portfolio, […]

Staples' Excess Space List

See the following link for space Staples has listed with Excess Space. Excess Space Dealmakers Ad Everything must go: There’s a flood of store closings Part of the problem for stores is that there is just too much retail space in many markets. There are about 46 square feet of retail space for every man, […]

The Story Continues: Target CEO Resigns

Target announced Monday that Chairman, President and CEO Gregg Steinhafel is out nearly five months after the retailer disclosed the breach, which has hurt its reputation among customers and hammered its business. Experts say his departure marks the first CEO of a major corporation to resign in the wake of a data breach and underscores […]

Office Depot Expects to Close 150 Stores This Year

Likely closing about 150 stores this year, 400 by the end of 2016.  USA Today Article

Acme making changes, seeing results under new president

Acme Markets, the long-time Philadelphia market leader that has fallen behind ShopRite and Giant in recent years, is investing profits back into stores and making a bit of a comeback. The turnaround started shortly after Supervalu sold Acme and four other supermarket chains to a group led by Cerberus Capital Management. After the sale Jim Perkins was named Acme president, […]

Whole Foods to relocate from North Wales to Lower Gwynedd

Whole Foods announced today that it would close its North Wales, PA store and open a new, larger store in Lower Gwynedd, PA. The target date for the new store, to be located in Stoltz Real Estate Partners’ Springhouse Village Shopping Center, is late 2015. Whole Foods currently operates 379 stores but expects to reach 500 sometime […]

Safeway reveals that Kroger would have paid more than Cerberus

According to a Wall Street Journal story citing Safeway’s proxy statement, Kroger was willing to pay more for Safeway than Cerberus Capital Management did, but concerns over antitrust risk caused Safeway to make a deal with the private equity firm. The story reports that Kroger first contacted Safeway in February about buying all or part […]