Aldi opens 2,000th U.S. store and plans to enter 37th state
Aldi announced that it now has 2,000 operating stores in the U.S., with 70 more coming by the end of the year. And later this year, the company plans to open four new stores in Arizona, which will be the grocer’s 37th state. Aldi embarked on a $5 billion, five-year expansion strategy in 2017 with […]
Yahoo Mail users can buy Walmart groceries from their inbox
Yahoo owner Verizon Media launched an online grocery service that enables Yahoo Mail users to make Walmart purchases directly from their inbox. The service is called “Groceries from Walmart,” and users will get personalized grocery recommendations from Walmart based on their Yahoo profiles. They can then browse the items, add them to their cart, and […]
Amazon reportedly planning to open supermarkets in Greater Philly
According to a report in the Philadelphia Business Journal last week, Amazon is considering sites in Bucks County and Center City for its new chain of grocery stores. I have also heard about a Montgomery County site that Amazon may be considering. Amazon is already a major player in the food retail business, with Whole […]
Malvern, PA to become home to Albertsons’ Mid-Atlantic division
Albertsons announced that its Safeway/Eastern and Acme Markets divisions will merge to form Albertsons’ Mid-Atlantic division, effective September 13. The Mid-Atlantic division will be located in Malvern, PA, which is Acme’s current headquarters. The Safeway/Eastern office is currently in Lanham, MD. The merger will make the Mid-Atlantic division Albertsons’ third largest in terms of store […]
Albertsons becomes public company, trades on NYSE as “ACI”
Albertsons Companies Inc. became a public company late last month, as their initial public offering sold out at $16 per share, which was $2 to $4 under the target price. Albertsons owns and operates food and drug stores under its own name, as well as Acme, Safeway, Vons, Jewel-Osco and others. Shares now trade on […]
Acme to close Wynnewood, PA store
Acme announced last week that it plans to close its supermarket at 250 East Lancaster Ave. in Wynnewood. Three other stores within five miles of the Wynnewood store will remain open, according to an Acme spokesperson. Acme closed its nearby Gladwyne store in February 2019. United Food and Commercial Workers Local 1776 Union President Wendell […]
Wegmans to close in-store pubs permanently
Wegmans announced that it is permanently closing its in-store pubs that had been located in 12 stores across New York, Pennsylvania and Virginia. The pubs had been closed temporarily in March due to the coronavirus. Burger Bar and Next Door (sushi) locations remain open with virus-related restrictions, and Amore, the company’s Italian restaurant concept, is […]
ShopRite operator David Zallie buys out brothers, now operates 11 stores
Earlier this week it was reported that David Zallie purchased the eight ShopRite stores that had been jointly owned by he and his brothers, George and Bruce, since the death of their father in 2011. George and Bruce plan to retire, and now all 11 Zallie-owned ShopRite stores will operate under the Medford, NJ-based Zallie-Somerset, […]
Instacart raises $225 million in new funding
Instacart announced last week that it raised $225 million in new financing as consumer demand for online grocery delivery and pickup services has experienced an “unprecedented surge” since the COVID-19 outbreak. The investment, led by DST Global and General Catalyst, along with existing investor D1 Capital Partners, raised the company’s valuation to $13.7 billion. According […]
Kimco sells part of its stake in Albertsons
Kimco Realty reported last week that it received $156 million as part of Apollo Global Management’s $1.75 billion purchase of Albertsons convertible preferred stock, a transaction that took place in May. As a result, Kimco’s interest in Albertsons decreased from 9.29% to 7.5%. Kimco also reported that Albertsons used $1.68 billion in net proceeds from […]