Online grocery shopping growing at high rate
Online grocery shopping is increasing at an annual rate of 9.6%, according to research recently published by IBISWorld. The company also estimates that online grocery shopping will be a $9.4 billion industry five years from now. Researches say the growth, which well outpaces the U.S. GDP, is largely due to the economic recovery and the […]
Food sales boost Family Dollar earnings
Family Dollar reported fiscal fourth quarter earnings yesterday and announced that expanded selections of food played a large part in their sales gains. Overall consumables sales increased by 16% compared to the same period one year ago, with food experiencing double-digit comp-store sales growth. Net income for the quarter increased 1.4% to $80.9 million, with […]
Independent grocers saw net profit gains in 2011
Independent grocery stores, which make up about 5% of the grocery market as compared to 20% 10 years ago, saw average net profits before taxes rise to 1.12% in 2011, a 3.7% gain from the previous year, according to a survey by the National Grocers Association and FMS Solutions. According to the survey, same-store sales […]
Online grocer FreshDirect coming to the Philly market
Exactly one year ago today I blogged about Peapod by Giant’s entry into the Greater Philadelphia market (Peapod by Giant online grocery shopping to serve Greater Philly). Today I’m writing about FreshDirect.com, although I just gave the lead sentence to its biggest competitor! FreshDirect, which has served the New York metro area for the last […]
A&P to sell Food Emporium’s Manhattan stores
The Great Atlantic and Pacific Tea Company (A&P), the parent company of Pathmark and Super Fresh, announced earlier this week it is selling Food Emporium’s 16 Manhattan locations. The stores, its leases and the brand name are for sale. Earlier this year A&P emerged from bankruptcy as a private company, and also with 75 […]
Report says supermarket share loss will slow
A report issued last week by Moody’s Investors Service predicts that the rate at which supermarkets have been losing share to alternative formats in the last 10 years will slow. According to the report, sales-building strategies by leading grocers such as Kroger, Wegmans, Safeway, Whole Foods and others will successfully attract customers. However, “the performance […]
Whole Foods growth is good for REITS
An article on SeekingAlpha.com last week described how Whole Foods’ growth is helping its landlords, which often are major U.S. shopping center REITs. The story cited research that says supermarket industry revenue will grow an estimated 0.4 percent this year, while Whole Foods sales may rise as much as 16 percent. With shopping center construction […]
Supervalu to close 60 stores, including three area Acmes
Supervalu announced Wednesday that it will close 60 stores on or before December 1. Among the closures are four Acme stores, two of which are in PA (Sharon Hill and Falls Township) and one in NJ (Glassboro). The fourth Acme location is in Maryland. Amelia’s Grocery Outlet already has a signed lease to replace Acme […]
Top grocery chains buying up shopping centers
Demand among investors for grocery-anchored shopping centers is high, and grocery chains are buying up many of the centers in what may be both a defensive and cost-saving move, according to a story last week on retailtrafficmag.com. The defensive purchase by a grocery chain limits the uncertainty that a new shopping center owner brings. At […]
Store growth for The Fresh Market set at 15% annually
The Fresh Market, which operates 121 stores in 24 states, said it plans to open 14-16 new stores next year and plans to maintain a 15% growth rate for the foreseeable future. The company opened 11 stores so far this year and has three to five openings planned in the second half of the year. […]