Brookhaven, PA to welcome ShopRite and Giant in 2016
The shopping center known as 352 Plaza in Brookhaven, PA had two doomed tenants – Pathmark and K-Mart- but will soon come to life with a Lowe’s (under construction) and a planned ShopRite. The grocery store could open by March 2016 and will feature an outdoor cafe, beer sales, and a hot and cold food […]
Dollar General to open 900 stores in 2016
Dollar General said earlier this month that it plans to open 900 new stores in 2016, compared to 730 store openings in 2015. The new stores are planned for urban, suburban and rural locations. The company also announced its third quarter earnings. Net income rose 7.2% (compared to the previous year’s third quarter) to $253 […]
Whole Foods to seek $1 billion in debt offering
Whole Foods announced earlier this month that it was seeking to raise $1 billion in a debt offering. The company said it intends to use the proceeds for general corporate purposes, including an authorization to repurchase up to $1 billion in its stock. Standard and Poor’s (S&P) assigned a “BBB” rating to the offering, the […]
Plans in place again for Albertsons IPO
Albertsons (Acme, Albertsons, Safeway, Vons, Jewel-Osco et al) filed an amended stock prospectus for an initial public offering late last month in hopes of raising between $1.5 and $2 billion. The company had originally planned to hold the offering in October but called off the IPO due to market volatility. The prospectus is seeking a […]
ShopRite subject to antitrust claim in fight to squeeze Wegmans
Wegmans’ bid to open a store in Hanover, NJ took an interesting twist recently, when the U.S. Court of Appeals for the Third Circuit issued a decision reversing a previous ruling, and holding that Village Supermarkets, a ShopRite operator and Wakefern member, may be subject to an antitrust claim related to its efforts to thwart […]
Supervalu to decide whether to sell or spin Save-A-Lot
Supervalu announced last month that it is preparing to explore an outright sale of the Save-A-Lot discount grocery chain, rather than spin it off as a separate unit. According to published reports, the company has received interest from several private equity firms, and has told them it will consider offers in early 2016. Waiting until […]
Natural Grocers continues growth in Western U.S.
Natural Grocers, a specialty retailer that offers natural and organic groceries and dietary products, announced last month that it plans to add 23 new stores in fiscal 2016. The company currently has 106 stores in 18 states. The easternmost locations are in Minnesota, Missouri and Arkansas. All other locations are further west.
Lidl CEO confirms “several dozen” stores coming to America in 2018
Lidl CEO Sven Seidel recently told a German newspaper that “the United States are a strategic market for us. We will launch there with several dozen stores.” Seidel said stores would open in Virginia, North Carolina, South Carolina, Maryland and Washington DC. According to regional real estate brokers, deals have also been made in Pennsylvania. […]
Kroger to expand to Wisconsin and Illinois with Roundy’s purchase
Kroger announced last week that it would buy Roundy’s Supermarkets for $800 million. Roundy’s stores are in Wisconsin and Greater Chicago, markets Kroger doesn’t currently have a presence in. Kroger, already the largest conventional supermarket chain in the U.S., will add 151 stores and 101 pharmacies to its roster. In addition to Roundy’s, the banners […]
Wegmans anchors “service center” in Glen Mills, PA
Wegmans’ 88th store opened a couple weeks ago in Glen Mills, PA, in a center focusing on service, according to Peter Miller of Carlino Commercial Development. “There is a lot of food, medical, grocery, restaurant, and some service with banking and an AT&T, and fewer soft goods retailers,” said Miller. “This is what this center […]