ShopRite, Giant continue to lead food retailers in the Greater Philly market
The annual Market Study issue of the Food Trade News is out, and Publisher Jeff Metzger has over 150 pages of facts and figures about the supermarket landscape from Connecticut to Delaware. Jeff’s Taking Stock column points out that many food retailers found the landscape “extremely challenging and difficult over the last 12 months.” He […]
Target’s grocery business lags behind Walmart, competitors
An analyst report on Nasdaq.com last week stated that Target trails its competitors in the grocery business, and that although the company’s grocery share will continue to rise, it will be at a slow pace. According to the report, Target earns less than one-fourth of its revenues from food and consumables, and has found it […]
Cherry Hill opening marks Whole Foods’ second South Jersey store
South Jersey’s second Whole Foods store opened two weeks ago in Cherry Hill’s Ellisburg Shopping Center (Federal Realty). Nearby officials at Wegmans and ShopRite say they are not worried. “We already share market space with Whole Foods in many of the communities we serve,” said a Wegmans official from their consumer affairs division. The Ravitz family, which […]
Sales in non-traditional grocery formats up 3.1%, according to study
An annual survey conducted by Barrington, IL firm Willard Bishop revealed that sales within traditional grocery formats increased 1% to nearly $523 billion in 2013, while sales within non-traditional formats rose 3.1% to about $442 billion. The market share for traditional formats decreased 0.5% to 46%, while the market share for non-traditional formats increased 0.4% to 39%. In addition, the […]
Price investments, remodels continue at Save-A-Lot
Supervalu announced last week that it plans to continue its price investments in Save-A-Lot stores with the goal of getting closer to the pricing offered at Aldi stores. According to CFO Bruce Besanko, Save-A-Lot is typically priced “well below Walmart and we are close in terms of Aldi.” The company also discussed its efforts to remodel corporate stores, but […]
Amelia’s parent company could fetch $1 billion in sale
Grocery Outlet, the discount supermarket with a remarkable track record of profitability and parent company of Amelia’s, is exploring a sale that may bring more than $1 billion, according to reports. The company’s private equity owner, Berkshire Partners, LLC, has hired Barclays and Goldman Sachs to run a sale process. Grocery Outlet, whose stores are […]
Whole Foods, Target, Costco center gets green light in Lower Macungie, PA
Earlier this month the Lower Macungie, PA commissioners voted 3-2 to create a tax financing district at the Route 222 bypass and Krocks Road, which will pave the way for the Hamilton Crossings shopping center that will feature Whole Foods, Costco, Target, Dick’s Sporting Goods and other retailers. A land development plan was also approved […]
Competition gaining on Whole Foods as organic and natural markets grow
Whole Foods officials told analysts last month during the company’s earnings conference call to expect profits to be under pressure for the next couple years. The company cited growing competition for sales of natural and organic products, and what could be a prolonged period of price investments and internal cost reductions. “I think it’s important to understand that competition […]
Walmart’s Neighborhood Market enjoying positive results, growth
Walmart announced last month that comparable-store sales in its Neighborhood Market division increased by about 5% in the fiscal first quarter. Company officials said the results validate their “strategy to accelerate unit growth.” Walmart’s Neighborhood Market, which it describes as grocery-drug combination stores that average about 38,000 square feet, has shown 46 consecutive months of positive comps. Between […]
Ravitz to open PriceRite in Camden
Ravitz Family Market, the Wakefern Cooperative member planning to open a ShopRite in Camden (ShopRite to open 75,000 SF store in Camden), announced last month that it would also open a PriceRite store in the city’s vacant Pathmark location. The company owns five other ShopRite stores in New Jersey. PriceRite is expected to open in […]