RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Aug 27, 2020 |
Supermarket News

Lidl and Aldi announce aggressive expansion plans

Lidl announced this week that it plans to open 50 new stores by the end of next year and will invest more than $500 million to do so. The company says new stores will open in the nine states it currently operates in – New Jersey (10 new stores), Maryland (10), Virginia (7), New York […]
David Goodman | Aug 21, 2020 |
Supermarket News

DoorDash to offer on-demand grocery delivery

DoorDash, largely known for restaurant food delivery, announced yesterday that it is planning to launch DoorPass, a grocery delivery service. Customers will be able to place orders with participating retailers at DoorDash.com or via the mobile app, and have their groceries delivered directly to their homes in as soon as an hour. For a $9.99 […]
David Goodman | Aug 21, 2020 |
Supermarket News

Lidl tops Hot 100 Retailers fastest growing list

For the second straight year, Lidl topped the National Retail Federation / Kantar 2020 Hot 100 Retailers list of the fastest-growing retail companies. The list ranks the nation’s fastest-growing retail companies based on increases in domestic sales between 2018 and 2019. In that time period Lidl’s sales grew 69% to $1.09 billion, and their store […]
David Goodman | Aug 18, 2020 |
Supermarket News

Walmart tops Amazon in share of online grocery; overall e-commerce customer base not expanding

Walmart has overtaken Amazon in share of online grocery transactions, according to the annual Food and Beverages Consumables Study conducted by TABS Analytics. According to the study, Walmart had a 30% share of online food and beverage retail transactions in the last year, while Amazon had 27.1%. Last year Amazon had a 32.6% share compared […]
David Goodman | Jul 29, 2020 |
Supermarket News

Trader Joe's opening in Cherry Hill

Trader Joe’s is scheduled to open tomorrow at Towne Place at Garden State Park in Cherry Hill, NJ. The 13,000 square foot store will be the 18th Trader Joe’s location in New Jersey. The store is adjacent to Shake Shack, which opened last Fall. Costco and Duluth Trading Co. are under construction. Towne Place at […]
David Goodman | Jul 24, 2020 |
Supermarket News

Aldi opens 2,000th U.S. store and plans to enter 37th state

Aldi announced that it now has 2,000 operating stores in the U.S., with 70 more coming by the end of the year.  And later this year, the company plans to open four new stores in Arizona, which will be the grocer’s 37th state. Aldi embarked on a $5 billion, five-year expansion strategy in 2017 with […]
David Goodman | Jul 24, 2020 |
Supermarket News

Yahoo Mail users can buy Walmart groceries from their inbox

Yahoo owner Verizon Media launched an online grocery service that enables Yahoo Mail users to make Walmart purchases directly from their inbox. The service is called “Groceries from Walmart,” and users will get personalized grocery recommendations from Walmart based on their Yahoo profiles. They can then browse the items, add them to their cart, and […]
David Goodman | Jul 21, 2020 |
Supermarket News

Amazon reportedly planning to open supermarkets in Greater Philly

According to a report in the Philadelphia Business Journal last week, Amazon is considering sites in Bucks County and Center City for its new chain of grocery stores. I have also heard about a Montgomery County site that Amazon may be considering. Amazon is already a major player in the food retail business, with Whole […]
David Goodman | Jul 13, 2020 |
Supermarket News

Malvern, PA to become home to Albertsons' Mid-Atlantic division

Albertsons announced that its Safeway/Eastern and Acme Markets divisions will merge to form Albertsons’ Mid-Atlantic division, effective September 13. The Mid-Atlantic division will be located in Malvern, PA, which is Acme’s current headquarters. The Safeway/Eastern office is currently in Lanham, MD. The merger will make the Mid-Atlantic division Albertsons’ third largest in terms of store […]
David Goodman | Jul 13, 2020 |
Supermarket News

Albertsons becomes public company, trades on NYSE as "ACI"

Albertsons Companies Inc. became a public company late last month, as their initial public offering sold out at $16 per share, which was $2 to $4 under the target price. Albertsons owns and operates food and drug stores under its own name, as well as Acme, Safeway, Vons, Jewel-Osco and others. Shares now trade on […]

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