RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Oct 13, 2022 |
Supermarket News

Kroger in talks with Acme's parent company about a merger

Kroger, the nation’s largest supermarket operator, and Acme Markets parent company Albertsons are in talks about a merger, according to multiple reports. Bloomberg News, which first reported the news, said a deal could be reached as early as this week. Acme currently operates 164 stores in Pennsylvania, New Jersey, Delaware, New York, Connecticut and Maryland. […]
David Goodman | Sep 27, 2022 |
Supermarket News

Employees at Brooklyn Trader Joe's may unionize

According to reports, employees at a Trader Joe’s grocery store in Williamsburg, Brooklyn are petitioning to unionize. This effort follows two other Trader Joe’s locations – in Massachusetts and Minnesota – that have unionized this year. Employees at the Williamsburg store claim that working conditions are poor, and that they are experiencing racial discrimination and […]
David Goodman | Sep 26, 2022 |
Supermarket News

Costco posts top line growth, plans for 25 new warehouse clubs in '23

Costco reported double-digit net sales growth for its fiscal fourth quarter and full year, with shopping frequency up 7.2% worldwide (up 5.2% in the U.S.) during the fourth quarter as compared to the same quarter last year. According to the company, the best performing core categories for the quarter were candy, frozen, kiosks, lawn and […]
David Goodman | Sep 21, 2022 |
Supermarket News

New Whole Foods CEO wants to add 50 stores

Jason Buechel began his tenure as Whole Foods CEO on September 1 by laying out his vision for the Amazon-owned grocer, a vision that includes adding 50 new stores to the company’s 534-store footprint. “Together, we’ll set bold long-term goals and build upon our industry-leading standards,” Buechel wrote in a letter to Whole Foods team […]
David Goodman | Sep 19, 2022 |
Supermarket News

Sprouts to open in South Philly's Quartermaster Plaza

According to multiple reports, Sprouts Farmers Market has signed a lease to open in South Philadelphia’s Quartermaster Plaza. It will be the grocer’s second location in the city; Sprouts opened about four years ago at Lincoln Square along South Broad Street. Sprouts is best known for its fresh produce and bulk foods, along with a […]
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, […]

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