RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Sep 19, 2022 |
Supermarket News

Wegmans property sells for $22.6 million

The Wegmans property at the Montgomery Mall in North Wales, PA was recently purchased for $22.6 million by ExchangeRight, a California-based company that acquires net-leased properties and grocery-anchored shopping centers. The seller, Kohan Retail Investment Group of New York, bought the mall about a month ago in a foreclosure sale for $55 million. The Wegmans […]
David Goodman | Sep 17, 2022 |
Supermarket News

Wegmans cites theft in ending self-checkout

Wegmans announced it will end its “scan and go” self-checkout service this weekend due to losses from theft. With the service – introduced early in the pandemic to provide a contactless in-store shopping option – customers connect to the store Wi-Fi and link to their loyalty account. Once connected they scan and bag as they […]
David Goodman | Sep 12, 2022 |
Supermarket News

Amazon Fresh reportedly coming to Willow Grove

Federal Realty’s renovation of the Willow Grove Shopping Center may include an Amazon Fresh grocery store. According to filings with the Pennsylvania Liquor Control Board, Amazon Fresh has applied for a liquor license at 102 Park Ave., the address of the closed Barnes & Noble bookstore at the shopping center. Willow Grove Shopping Center is […]
David Goodman | Aug 24, 2022 |
Supermarket News

Walmart and DoorDash part ways as Walmart expands its own delivery service

The relationship between Walmart and DoorDash will come to an end next month based on reports that the delivery service gave Walmart a 30-day notice. The companies have been working together since 2018. Walmart has been actively building up Spark, it’s own delivery service currently available in more than 600 cities. And last summer the […]
David Goodman | Aug 16, 2022 |
Supermarket News

Grocery Outlet to offer same-day delivery via DoorDash

Grocery Outlet, the expanding food retailer with the value-priced model and treasure hunt shopping environment, announced a partnership with DoorDash to provide same-day delivery from nearly 400 stores in eight states. Participating stores are coupled with the DashPass membership program, which offers free delivery on orders of $35 or more. To promote the new partnership, […]
David Goodman | Aug 02, 2022 |
Supermarket News

Discount grocery stores reaping the benefits of inflation, pandemic

According to an article in Grocery Dive a couple weeks ago, grocery shoppers are venturing toward discount stores as they feel battered from rising prices and expensive gasoline. For instance, an Aldi executive reported that the chain saw 2.5 million new customers in recent weeks, most of whom were middle- and high-income consumers. However, traditional […]
David Goodman | Jul 21, 2022 |
Supermarket News

Supermarket News releases Top 50 list - Walmart and Amazon top food and grocery retail sales

The Supermarket News (SN) annual list of the Top 50 food and grocery retailers was released earlier this month. The data, compiled by SN and its research partner IGD, includes sales figures based on public company records, company-provided information, and IGD / SN estimates. The Top 50 list (by sales) includes seven companies with more […]
David Goodman | Jul 21, 2022 |
Supermarket News

Amazon to receive warrants for equity stake in Grubhub

Amazon announced earlier this month that it entered into an agreement that could give it more than a 15% equity stake in Grubhub, and that Prime members in the U.S. can sign up for a free, one-year Grubhub+ trial subscription that will provide unlimited free restaurant deliveries. According to reports about the deal, Grubhub parent […]
David Goodman | Jul 05, 2022 |
Supermarket News

BJ's Warehouse Club opening new locations, ramping up expansion

BJ’s Wholesale Club announced last month that it plans to open new warehouse clubs in Noblesville, IN; New Albany, OH; Wayne, NJ, and Midlothian, VA. Once the stores are open BJ’s will have 233 warehouse locations overall. The Noblesville club – not far from Indianapolis – will be the company’s first Indiana location and its […]
David Goodman | Jun 28, 2022 |
Supermarket News

Northeast PA Chain Gerrity's Supermarkets joins Wakefern Cooperative

Gerrity’s Supermarkets, a 10-unit chain based in Scranton, PA, has joined Wakefern Food Corp., the retail grocery cooperative that includes the ShopRite, Price Rite, and The Fresh Grocer banners, among others. According to reports, plans call for the Northeast PA supermarket to transition over the next few months to Gerrity’s The Fresh Grocer. Gerrity’s is […]

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