Giant’s parent company to acquire online grocer FreshDirect
Giant Food’s parent company, Ahold Delhaize, and private equity firm Centerbridge Partners announced yesterday that they plan to acquire online grocer FreshDirect. Netherlands-based Ahold Delhaize would be FreshDirect’s majority owner. FreshDirect operates out of a 400,000 square foot fulfillment center and campus that it opened in the Bronx, NY in 2018, and the company will […]
Instacart reportedly planning $30 billion IPO
Reuters reported earlier this week that Instacart, the online grocery delivery company, is preparing for an initial public offering valued at about $30 billion. The report states that Instacart has engaged with Goldman Sachs to lead the IPO, which could be launched early next year. The IPO comes after California voters approved Proposition 22, which […]
Giant Heirloom Market may be headed for Strawbridge’s space
Jacob Adelman of The Philadelphia Inquirer posted an article yesterday saying that a company linked to Alterra Property Group is working on a deal to buy part of the historic Strawbridge’s department store building from PREIT, possibly to lease it to Giant’s Heirloom Market. Adelman cited PREIT’s bankruptcy documents that refer to the property as […]
Amazon launches in-garage grocery delivery
Amazon announced yesterday that it plans to expand its contactless Key In-Garage Delivery service and add grocery to the mix. The service allows Prime members to have their Whole Foods or Amazon Fresh online delivery orders placed in their garage. The program first launched without grocery in 50 cities last year, allowing Prime members with […]
Walmart’s four test centers to pilot new tech and in-store improvements
Walmart announced that it has earmarked four stores as “test centers” for piloting new technology as well as in-store and omnichannel retail concepts and practices. According to Supermarket News, Walmart Senior Vice President John Crecelius explained that the test center stores will attempt to find solutions that enable Walmart stores to operate as physical shopping […]
Saladworks opens seventh supermarket restaurant
Saladworks opened its first store inside a Giant supermarket late last month in Camp Hill, PA. The company also has restaurants in five ShopRite stores plus one in The Fresh Grocer. In Camp Hill, the Saladworks counter is near the Beer & Wine Eatery in the food court area, which also includes a Starbucks and […]
Acme Markets to acquire 27 Kings and Balducci’s stores
Acme Markets, a wholly-owned subsidiary of Albertsons, plans to purchase 27 Kings Food Markets and Balducci’s Food Lover’s Markets for $96.4 million. Acme had the winning bid in a bankruptcy auction held earlier this month. KB US Holdings, the parent company for Kings and Balducci’s, had accepted a $75 million bid from investment firm TLI […]
Aldi to open next month in North Philly mixed-use development
Aldi confirmed last week that it will open its new store near North Broad Street in North Philadelphia sometime next month. The store will be on the ground floor of a 14-story, 475-unit residential building and represents the first time in Philadelphia that the discount retailer will be part of a mixed-use development. Aldi’s address […]
Giant to help revitalize Please Touch Museum market with $1.2M grant
The Please Touch Museum in Philadelphia will receive a $1.2 million grant from Giant for the museum’s yet-to-be-named market exhibit. For decades, the museum has featured an exhibit that provided kids with an opportunity to shop in a (pretend) grocery store and learn about food. (I remember it well, as it was my kids favorite […]
Online grocery shopping expected to double its market share by 2025
According to a study released last month, online grocery will grow to 21.5% of total U.S. grocery sales by 2025, more than doubling its current share of the overall grocery market. The study, conducted by grocery e-commerce specialist Mercatus and research firm Incisiv Projects, polled nearly 60,000 U.S. consumers across 20 states. For this year, […]