EQUITY RETAIL BLOG

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 […]

Wegmans planning two stores near Richmond, VA

Last week Wegmans confirmed the rumors that it would open stores in the Richmond, VA market. According to Senior Vice President Ralph Uttaro, “We have had countless requests to open a Wegmans store in the Richmond area, so we are delighted to finally announce that we’re headed there.” Wegmans, which typically ranges in size from 120,000 – […]

Weis Markets investing over $100 million in growth

Weis Markets announced its third quarter earnings recently, which were highlighted by a 1.2% increase in net income to $17.2 million. The company also said it would continue to increase its focus on “maximizing efficiency by driving millions of dollars of cost out of the system while maintaining high standards for store service.” President and […]

Family Dollar to close 370 stores, slow growth and layoff workers

Family Dollar announced earlier this month that it plans to close 370 of its 8,100 stores in the second half of the year, and to slow down store growth to about 400 per year, starting next year. The company also said it would try to boost traffic by cutting prices on about 1,000 items, and […]

First PriceRite supermarket in New Jersey opens in Garfield

The first PriceRite supermarket not owned by Wakefern is also the first PriceRite in the state of New Jersey, according to a story on NewJersey.com last week. The 41,000 square foot store is in Garfield and owned by a division of Inserra Supermarkets, which owns 22 ShopRites in New Jersey and New York. Wakefern operates […]