RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jun 14, 2022 |
Supermarket News

Amazon facing lawsuits after eliminating free Whole Foods delivery for Prime members

Amazon Prime members, who were getting free two-hour delivery on Whole Foods orders over $35 from 2018 until last fall, are unhappy that the delivery perk was discontinued last fall, when they began charging $9.95 for the service. To that effect, two plaintiffs are alleging in a class-action lawsuit filed last month that Amazon “engaged […]
David Goodman | Jun 14, 2022 |
Supermarket News

Giant adding two new stores next month in Greater Philly

Giant announced two new store openings in the Greater Philadelphia market, both in July. The first, at 49,000 square feet, will be on Second Street Pike in Richboro (Bucks County), and the second will be a 50,700 square foot supermarket on North Broad Street in the city of Philadelphia. The new stores come after the […]
David Goodman | Jun 01, 2022 |
Supermarket News

Several U.S.-based grocers make list of largest global retailers

In the latest version of the GlobalData Top 25 Global Retailers list, which ranks the largest retailers in the world based on revenue, Walmart and Amazon ranked one and two, respectively, for 2021. CVS and Costco were third and fourth. Several other U.S.-based grocery retailers appeared on the list, including the following: Kroger (7) Walgreens […]
David Goodman | May 19, 2022 |
Supermarket News

Amazon Fresh preparing to open two stores in NY Metro market

Amazon is preparing to open its first Amazon Fresh supermarkets in New York and New Jersey. The company announced upcoming hiring events for the stores in Northern New Jersey (Paramus) and Long Island (Oceanside). The locations will be the first in the New York Metropolitan area for Amazon Fresh. No opening dates have been announced. […]
David Goodman | May 15, 2022 |
Supermarket News

Wegmans to add stores in Long Island, Delaware and Connecticut

Wegmans is planning to open a store in Lake Grove, NY, its first in the Long Island market. The 100,000 square foot supermarket will be located in the DSW Plaza near the Smith Haven Mall. A timeline for construction and opening has not been announced. The company also announced plans to open new stores in […]
David Goodman | May 15, 2022 |
Supermarket News

Lidl starts its own shipping line to alleviate supply chain issues

Lidl has come up with a way to alleviate at least part of its supply chain issues. The German discount grocer applied earlier this spring to the European Union Intellectual Property Office to use the Tailwind brand for the purposes of cargo ship transportation and delivery of goods. In other words, Lidl is in the […]
David Goodman | May 13, 2022 |
Supermarket News

Placer.ai reveals that discount grocers Aldi, Lidl and Grocery Outlet are thriving in the current market

A report from Placer.ai found that discount grocery chains Aldi, Lidl and Grocery Outlet are rapidly expanding and becoming household names as consumers are squeezed by high prices. The report, called “Grocery Deep Dive, May 2022: Growth Opportunities Amidst Rising Prices and Shifting Preferences,” reviews the recent performance of the aforementioned grocers. Lidl According to […]
David Goodman | May 13, 2022 |
Supermarket News

Grocery co-ops planning to open in Philly and Bethlehem

Groundbreaking took place last week for a grocery cooperative in Bethlehem, PA, which has been described by city officials as “the most important project in the City.” And a grocery cooperative signed a lease for a property in the Germantown section of Philadelphia. It will be the organization’s fourth location in the city. Bethlehem, PA […]
David Goodman | May 09, 2022 |
Supermarket News

Weis Markets has record sales in '21; plans for $150 million in CapEx

Weis Markets announced earlier this month that it plans to increase its capital expenditures by 11% to $150 million for 2022 by investing in new stores, remodels, fuel centers, IT upgrades and store improvement projects. The increase in spending follows a year in which the grocer generated $4.2 billion in net sales, its highest total […]
David Goodman | May 02, 2022 |
Supermarket News

Amazon's physical store sales grow 17.1% in first quarter

Despite an overall loss in the first quarter of nearly $4 billion (due to an investment valuation loss), Amazon experienced a double-digit gain in the first quarter by its brick-and-mortar stores. For the quarter ended March 31, physical-store sales, which include Whole Foods Market, grew 17.1% compared to the same quarter last year. The increase […]

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