RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | May 27, 2020 |
Supermarket News

Lidl opens 100th U.S. store

Lidl opened its 100th U.S. store earlier today in Suwanee, GA. Recent growth for the discount grocer has been steady, but when Lidl entered the U.S. market, they planned on having 100 stores by the summer of 2018. Since then, the company has seen leadership changes and real estate strategy shifts. Here is a breakdown […]
David Goodman | May 20, 2020 |
Supermarket News

Kroger earmarks $130 million for employee thank you pay

Kroger, the largest traditional supermarket chain in the U.S., announced that it has earmarked $130 million for special Thank You Pay to hourly grocery, supply chain, manufacturing, pharmacy and call center employees for their efforts during the COVID-19 pandemic. The payment follows an Appreciation Pay made at the beginning of the pandemic in March, and […]
David Goodman | May 13, 2020 |
Supermarket News

Industry leader says supply chain is stressed, not broken

Supermarket News interviewed Abe Eshkenazi, CEO of the Association for Supply Chain Management, to get some perspective on the issue of the American food supply amid the coronavirus. Here are some of the highlights. “From our perspective, we don’t think the food supply chain is broken as much as it is stressed,” Eshkenazi said. “When […]
David Goodman | May 11, 2020 |
Supermarket News

Ahold Delhaize says Q1 2020 "unlike anything we have ever seen"

“The first quarter of 2020 was unlike anything we have ever seen before,” said Ahold Delhaize CEO Frans Muller. Mr. Muller was talking about COVID-19’s affect on Ahold’s supermarkets around the world, of course. He said that “unprecedented demand” triggered by the virus lifted global sales more than 12% in the first quarter of fiscal […]
David Goodman | May 11, 2020 |
Supermarket News

Online grocery sales rose 37% in April

According to poll conducted in late April by Brick Meets Click and Symphony RetailAI, online grocery sales in the U.S. totaled $5.3 billion for the month of April, a 37% increase over March and a new 30-day record. Furthermore, poll results showed that the month-over-month sales growth reflected a 33% increase in the monthly number […]
David Goodman | May 05, 2020 |
Supermarket News

Wegmans releases shop-and-scan app for quicker checkout

After a successful test with employees, Wegmans released a mobile app called SCAN that’s designed to help customers check out faster. The free app is available for use at one of the company’s Rochester, NY stores, where customers can scan groceries as they shop, put the products in their carts or bags, and quickly pay […]
David Goodman | May 05, 2020 |
Supermarket News

Shoppers feel safer from COVID-19 at supermarkets than at other retail locations

Based on a survey of more than 500 American consumers conducted by First Insight in late April, more than half said they feel “safe” or “very safe” from COVID-19 when shopping in grocery stores. Consumers said they don’t feel as safe at any other retail locations, although drug store chains were a close second. Here […]
David Goodman | Apr 28, 2020 |
Supermarket News

Trader Joe's says it's saving jobs by not offering online grocery service

Trader Joe’s recently revealed that it does not plan to offer grocery pickup and delivery, despite the heightened demand for online grocery services during the pandemic. According to an article on businessinsider.com, marketing executives for the company said the costs for building online grocery services were too high and that the offerings don’t always translate […]
David Goodman | Apr 27, 2020 |
Supermarket News

March comps are up for Target, led by digital channels

Target reported last week that coronavirus-related purchases – led by groceries and daily staples – contributed to double-digit comp sales growth in March. March 2020 sales climbed more than 100% in Target’s digital channels, far outpacing the single-digit growth experienced in stores. The company reported that comp sales in March jumped about 40% in food […]
David Goodman | Apr 21, 2020 |
Supermarket News

Whole Foods converts some stores to online fulfillment centers

Whole Foods announced that in order to help meet increased demand, it is temporarily closing a few stores and converting them to fulfillment centers for online delivery orders. Stores in New York City and Baltimore have already made the transition, and San Francisco’s SoMa location remains open until 1:00 pm daily, after which time it […]

David Goodman

David leases high-quality shopping centers, represents select retail clients and sells vacant bank properties.

Call David

1.484.417.2219

Envelope Linkedin-in Instagram