Walmart calling on experts to keep their shelves stocked
Not only is Walmart suffering from declining sales, but they are also having trouble keeping their shelves stocked in an efficient manner. A Bloomberg News story last week reported that the world’s largest retailer has hired consultants to “walk the aisles and track whether hundreds of items are in stock.” A combination of more products […]
Super Giant Food Store for sale in Willow Grove
The Giant Food Store in Willow Grove, a 123,000 square foot property, is listed for sale at $24.6 million. The store has 20 years remaining on its lease, which is guaranteed by Giant’s parent company, Ahold. The store was built in 2007 on the site where Home Depot used to be. Marcus & Millichap Real […]
Bottom Dollar celebrates first birthday in Greater Philly
It was one year ago (October 8, 2010) that Food Lion opened its first area Bottom Dollar store in King of Prussia, PA. Since then, 21 more Bottom Dollar stores in the Greater Philadelphia market have opened. In that same time period, many companies, including Supervalu (Acme), Safeway (Genuardi’s) and A&P (Pathmark, Super Fresh) have […]
Friendly’s files for bankruptcy, closes 63 stores
Friendly Ice Cream Corp., which began in 1935 as a neighborhood ice cream shop and grew to more than 600 restaurants, filed for bankruptcy protection yesterday and immediately closed 63 stores. Thirty of the closed stores are in the company’s home state of Massachusetts. Three stores closed in the Greater Philadelphia area (Trenton, Doylestown and […]
A&P reports big loss while ShopRite, Fresh Grocer win awards
A&P (Super Fresh, Pathmark) reported last week that it posted $528 million in sales and lost $34.4 million during the four-week period that ended on August 13. The loss for the previous four-week period was $15.6 million on sales of $558 million. The company, which was incorporated over 110 years ago, filed for bankruptcy protection […]
Family Dollar plans 450-500 new stores in 2012
Family Dollar, which operates over 7,000 stores nationwide, said it plans to open 450 – 500 new stores in fiscal 2012. The Charlotte, NC-based company posted a strong profit in its most recent quarter and cited high demand for food and other essentials as big factors in both its quarterly results and future growth plans. […]
Eagleville, PA store is fifth Genuardi’s to close this year
The Genuardi’s supermarket at Ridge Pike Plaza in Eagleville, PA (Montgomery County) is closing on October 8 after a 38-year run. According to reports, the lease was up and is not being renewed. The closing represents the fifth Genuardi’s store to shut down this year. Ridge Pike Plaza is owned by Kimco Realty. The Genuardi’s space is approximately 37,000 square […]
Genuardi’s rumored to sell some stores to Giant
According to the Supermarket News, a source from the Greater Philadelphia area said California-based Safeway may be close to a deal to sell some Genuardi’s locations to Giant. The source told the Supermarket News reporter that Safeway officials were conducting inventory and equipment evaluation at some Genuardi’s stores this week. Safeway and Ahold USA representatives […]
Peapod by Giant online grocery shopping to serve Greater Philly
Ahold, the international retailer that owns Giant Food Stores, announced earlier this week that starting this Friday, Peapod will offer service to Philadelphia and Delaware counties, as well as the southern portion of Montgomery county. Peapod is an Internet-based home shopping and grocery delivery service. Customers will be able to order groceries online through Peapod.com […]
Giant to shut down outdated stores in Abington, Bryn Mawr
Giant announced today that it will shut down two Philadelphia area stores in October. The Giant supermarket on York Road in Abington will close on October 8, and FoodSource in Bryn Mawr, which is owned by Giant, will close on October 22. Giant President Rick Herring reasoned that both stores are outdated. The press release stated there is a newer, […]