RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

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 | Dec 01, 2011 |
Supermarket News

NJ union workers approve plan to help save A&P

Members of 13 New Jersey chapters of the United Food and Commercial Workers International Union voted earlier this week to approve a deal designed to help get their employer, A&P (Super Fresh, Pathmark), out of bankruptcy. The plan, which was approved 7,200 – 1,827, will lower wages by about three percent and decrease vacation time […]
David Goodman | Nov 29, 2011 |
Supermarket News

Thanksgiving weekend produces record sales

Here’s the skinny: $52.4 billion – total sales for Thanksgiving weekend, a 16% increase over last year 226 million – the number of people that went shopping over Thanksgiving weekend, a 6.6% increase over last year $398.62 – average amount spent by shoppers $479 million – web sales on Thanksgiving day, an 18% increase over […]
David Goodman | Nov 17, 2011 |
Supermarket News

Wegmans to open store in Montgomeryville, PA

Simon Property Group, owner of the Montgomery Mall in Montgomeryville, PA, announced yesterday that it has signed an agreement with Wegmans to open in the former Boscov’s space. According to Wegmans, the Boscov’s space will be demolished, and the supermarket will be built in its place but will not connect to the mall. A timeframe […]
David Goodman | Nov 17, 2011 |
Supermarket News

Target stores with Pfresh reach 875; more advertising coming soon

In a conference call with analysts yesterday, Target said they are continuing to see good results with their Pfresh rollout. With this success, and with greater market density, the company said they will soon be able to advertise its grocery offering to the market in a broader fashion, rather than simply “geo-targeting” around stores that […]
David Goodman | Nov 15, 2011 |
Supermarket News

Supervalu seen by many as prime takeover target

In the last week I’ve seen the following headlines and stories: Supervalu rumored as takeover target as groceries consolidate (Minneapolis / St. Paul Business Journal) Grocery M&A to rise; Supervalu seen as target (Reuters) Albertsons on its last legs? (LAobserved.com) According to Thomson Reuters data, dealmaking in the grocery sector is up 34% this year […]
David Goodman | Nov 11, 2011 |
Supermarket News

Costco spends $22 million to privatize liquor sales in Washington

A ballot measure that would allow grocery stores and warehouse clubs to sell liquor in Washington state beginning June 1, 2012 passed earlier this week. A bill that will allow the privatization of liquor sales in Pennsylvania has been talked about for some time, but many feel it’s unlikely such a measure will pass here […]

David Goodman

David leases high-quality shopping centers, represents select retail clients and sells vacant bank properties.

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