RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Dec 21, 2011 |
Supermarket News

Whole Foods resurgence due to cost cutting, more cash in the bank

Brian Gaar of the Austin American-Statesman (Austin, TX) interviewed Whole Foods Founder John Mackey last week, who explained that spending cuts, prudent store openings, a renewed focus on value and an increase in cash reserves are key factors in the company’s rising stock price and strong recovery from the recession. Mackey also weighed in on the […]
David Goodman | Dec 21, 2011 |
Supermarket News

Redner's to add third store in Delaware

Redner’s Markets, the employee-owned company that currently operates 40 Warehouse Markets and 16 Quick Shoppes in PA, DE and MD, has finalized plans for its third Delaware location. The new store will measure approximately 48,000 square feet and feature a self-service fuel station on the property. It will be located on DuPont Highway (Rt. 13) […]
David Goodman | Dec 19, 2011 |
Supermarket News

Winn-Dixie to merge with Bi-Lo... who's next?

Although the impending merger between Winn-Dixie and Bi-Lo doesn’t affect the Greater Philadelphia market, it’s newsworthy nonetheless. It is widely expected that we will see more such mergers and/or acquisitions in the coming months and years. And the next transaction – if the many rumors are true about Giant (Ahold) and Genuardi’s (Safeway) – may […]
David Goodman | Dec 09, 2011 |
Supermarket News

Wegmans MA store (70,000 SF) to be smallest in a decade

Last Monday, Wegmans announced that its upcoming store in Newton, MA (a densely-populated suburb that borders Boston), planned for 70,000 SF, will be its smallest in a decade. By comparison, the nearby Northborough, MA location is 138,000 SF, and the store recently announced for Montgomeryville, PA will be 120,000 SF. A Wegmans spokesperson said the 70,000 SF footprint […]
David Goodman | Dec 08, 2011 |
Supermarket News

Coke and Herrs chips top edible grocery sales in the Delaware Valley

The Food Trade News is a great source of valuable news for me, and it’s also a great source for not-so-valuable-but-interesting information. For example, the November 2011 issue includes the list of the Top 200 Edible Grocery Items by dollar sales in the Delaware Valley. Not surprisingly, Coke (Classic) is tops, with nearly $25 million […]
David Goodman | Dec 08, 2011 |
Supermarket News

Number of dollar stores surpasses number of drugstores in the U.S.

A new report from Colliers International says the U.S. now has more dollar stores than drugstores. The four big national dollar store chains – Dollar General, Dollar Tree, Family Dollar and 99 Cents Only – have approximately 21,500 locations. The three big drugstore chains – Walgreens, CVS and Rite Aid – have approximately 19,700 locations. […]
David Goodman | Dec 02, 2011 |
Supermarket News

"Hundreds" of Bottom Dollar stores in the pipeline

Bottom Dollar’s parent company, Delhaize Group (Food Lion, Hannaford Bros.), said yesterday it is looking to add 450 new discount grocery stores worldwide over the next five years, “hundreds” of which would be in the U.S. According to Company CEO Pierre Oliver Beckers, the plan for new stores represents an acceleration of previous forecasts and […]
David Goodman | Dec 02, 2011 |
Supermarket News

Regency Chairman says grocery-anchored centers fared well in the recession

Martin “Hap” Stein, Jr., chairman and CEO of Regency Centers, recently said the company’s grocery-anchored shopping centers held up well during the recession and helped it weather the storm. “People have to eat,” he said, before adding that supermarkets at Regency Centers average over $25 million in sales. Stein said Regency’s 92 percent occupancy rate […]
David Goodman | Dec 02, 2011 |
Supermarket News

King of Prussia Mall announces another major expansion

The King of Prussia Mall, already one of the largest shopping malls in the United States (the largest, according to Wikipedia, which is always right), will soon get significantly bigger. Simon Property Group, the mall’s owner, announced earlier this week that they plan to unify the two main shopping venues – the 1,680,000 square foot […]
David Goodman | Dec 01, 2011 |
Supermarket News

The Fresh Grocer to add 5 stores in underserved communities

The Fresh Grocer, which currently operates seven stores in Philadelphia, Drexel Hill, PA and Wilmington, DE, announced that it has teamed up with the Partnership for a Healthier America and will open five full-service supermarkets in the next five years in underserved communities. The first of the five stores will open in New Brunswick, NJ […]

David Goodman

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