Whole Foods celebrates five years at Plymouth Meeting Mall
It’s been five years since Whole Foods Market opened its 65,000 square foot store at the Plymouth Meeting Mall. Although Mall stalwarts Macy’s and Boscov’s are three times the size of the supermarket, the store’s popularity make it a safe bet to refer to the mall as “Whole Foods – anchored.” Although I don’t have […]
Family Dollar approves deal with Dollar Tree
It was announced this morning that Family Dollar shareholders approved the proposed $8.5 billion merger with Dollar Tree, ending months of speculation over whether Dollar Tree or Dollar General would merge with Family Dollar. According to reports, the combined companies will operate more than 13,000 stores in 48 states and Canada, with sales of more […]
Dollar General may be out of the bidding for Family Dollar
It was reported earlier this week that analysts believe Dollar General may be dropping its bid for Family Dollar. The reason cited is the Federal Trade Commission’s requirement for up to 4,000 store divestitures as a result of a deal between the two companies. A deal between Family Dollar and Dollar Tree would require only […]
Supervalu experiencing growth, ready to take on Aldi
Last week Supervalu announced that all three business segments – wholesale, Save-A-Lot and traditional food retail – grew in the company’s fiscal third quarter. Overall, the company had $4.2 billion in sales, a 4.8% increase over the same quarter last year. Net earnings were $79 million. Supervalu’s wholesale business plans for growth in the near […]
Analyst predicts Whole Foods to go on buying spree
Stock analyst Charles Grom of Sterne Agee said last month that he thinks “conditions are ideal for Whole Foods to go on an acquisition spree in 2015.” According to Supermarket News, he cited the growing number of competitors, the falling valuation of Whole Foods stock in recent years, and the company’s strong balance sheet. Grom […]
Aldi testing credit cards in select markets
Aldi announced last month that it is testing credit cards in several U.S. markets, including Minnesota and Syracuse, NY. The test includes the acceptance of Visa, MasterCard, Discover and American Express. Aldi’s parent company is already accepting credit cards in England, Scotland and Wales. Analysts believe the change is an attempt by Aldi to increase […]
Target Express scouting sites in Philly
The Philadelphia Business Journal and other media outlets reported earlier this week that Target is scouting sites in Philadelphia for its Express stores. Target Express, typically about 20,000 square feet and located in an urban environment, offers fresh food, grab-and-go food, a pharmacy, beauty, electronics and other products. The first Target Express store opened last […]
Giant to close Upper Gwynedd, PA store
Giant Food announced earlier this week that it would close the Upper Gwynedd, PA location it purchased from Safeway (Genuardi’s) in 2012. The associated pharmacy, located less than a mile away in North Wales, will close as well. Both closings are planned for January 24. Giant purchased 16 area stores from Safeway in 2012. At […]
Mom’s Organic Market to open Center City Philly store
Supermarket News reported yesterday that Mom’s Organic Market, which operates 12 stores including one in Bryn Mawr, PA, has signed a lease for 16,000 square feet in Center City Philadelphia. The site is part of a redevelopment on 11th Street between Market and Chestnut Streets spearheaded by National Real Estate Advisors. According to the company’s […]
Bottom Dollar stores to close by January 15
On Friday Bottom Dollar Food said it would close all 66 locations by January 15, and all 2,200 workers would lose their jobs. The company said the employees would receive severance pay, and some would receive job counseling services. Bottom Dollar, a subsidiary of Belgian-based Delhaize Group, announced in November it would sell its locations […]