RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jan 13, 2021 |
Supermarket News

Sources say Jeff Brown considering a run for Philly Mayor

The Philadelphia Tribune reported last week that Brown’s Super Stores President and CEO Jeff Brown is weighing a run for mayor in 2023. Brown owns and operates several ShopRite stores in Philadelphia and the suburbs, and has garnered goodwill over the years by placing supermarkets in food deserts, employing a largely African American workforce, and […]
David Goodman | Dec 28, 2020 |
Supermarket News

Price appreciation compared for homes near Aldi, Trader Joe's and Whole Foods

Homes near an Aldi grocery store realized an average five-year home price appreciation of 41 percent, according to ATTOM Data Solutions’ annual Grocery Store Wars analysis, which was released just before Christmas. Trader Joe’s (35%) and Whole Foods (33%) were close behind. The study shows how living near a Trader Joe’s, Whole Foods or an […]
David Goodman | Dec 23, 2020 |
Supermarket News

Giant Supermarket proposed for Richboro Plaza in Bucks County

Earlier this month the Northampton Township (Bucks County) Planning Commission recommended approval for plans to redevelop Richboro Plaza on 2nd Street Pike with a new, 50,340 square foot Giant supermarket. Giant will be built on the site of the former Murray’s Richboro Market, which operated there from 1978 until 2018. Murray Battleman, who ran the […]
David Goodman | Dec 13, 2020 |
Supermarket News

US online grocery sales total $8.1 billion in November

US online grocery sales totaled $8.1 billion in November, according to a Brick Meets Click / Mercatus grocery shopping survey. Monthly sales have remained above $8 billion since May, led by grocery delivery and pickup services, which generated $5.9 billion, or 73% of November’s online sales. “Concerns about contracting the virus, stay-at-home orders or retail […]
David Goodman | Dec 06, 2020 |
Supermarket News

Philly welcomes Aldi's 11th and Lidl's 2nd stores

Discount grocers Aldi and Lidl opened stores in Philadelphia last week. Aldi’s new store near the Divine Lorraine apartments at Broad Street and Fairmount Avenue opened on Thursday, representing its 11th city location. Lidl opened a store on Wednesday at Roosevelt Boulevard and Welsh Road in Northeast Philly. It was the company’s second location in […]
David Goodman | Nov 19, 2020 |
Supermarket News

Giant's parent company to acquire online grocer FreshDirect

Giant Food’s parent company, Ahold Delhaize, and private equity firm Centerbridge Partners announced yesterday that they plan to acquire online grocer FreshDirect. Netherlands-based Ahold Delhaize would be FreshDirect’s majority owner. FreshDirect operates out of a 400,000 square foot fulfillment center and campus that it opened in the Bronx, NY in 2018, and the company will […]
David Goodman | Nov 18, 2020 |
Supermarket News

Instacart reportedly planning $30 billion IPO

Reuters reported earlier this week that Instacart, the online grocery delivery company, is preparing for an initial public offering valued at about $30 billion. The report states that Instacart has engaged with Goldman Sachs to lead the IPO, which could be launched early next year. The IPO comes after California voters approved Proposition 22, which […]
David Goodman | Nov 18, 2020 |
Supermarket News

Giant Heirloom Market may be headed for Strawbridge's space

Jacob Adelman of The Philadelphia Inquirer posted an article yesterday saying that a company linked to Alterra Property Group is working on a deal to buy part of the historic Strawbridge’s department store building from PREIT, possibly to lease it to Giant’s Heirloom Market. Adelman cited PREIT’s bankruptcy documents that refer to the property as […]
David Goodman | Nov 13, 2020 |
Supermarket News

Amazon launches in-garage grocery delivery

Amazon announced yesterday that it plans to expand its contactless Key In-Garage Delivery service and add grocery to the mix. The service allows Prime members to have their Whole Foods or Amazon Fresh online delivery orders placed in their garage. The program first launched without grocery in 50 cities last year, allowing Prime members with […]
David Goodman | Nov 08, 2020 |
Supermarket News

Walmart's four test centers to pilot new tech and in-store improvements

Walmart announced that it has earmarked four stores as “test centers” for piloting new technology as well as in-store and omnichannel retail concepts and practices. According to Supermarket News, Walmart Senior Vice President John Crecelius explained that the test center stores will attempt to find solutions that enable Walmart stores to operate as physical shopping […]

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