RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

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 | Apr 17, 2020 |
Supermarket News

Scores of customers make first-ever online grocery orders during pandemic

Results from a survey conducted by Acosta that were released earlier this week concluded that of all shoppers who made online grocery purchases between March 20-29, 28% were first-timers who shopped online because of COVID-19. There were many other survey findings related to the pandemic, but most were old news at this point. For instance, […]
David Goodman | Apr 16, 2020 |
Supermarket News

March grocery sales rose, overall retail sales saw huge loss

The National Retail Federation said that despite the largest monthly drop ever in overall retail sales, grocery and beverage store sales went up by more than 25% during the month of March as compared to February. According to the U.S. Census Bureau, March retail and foodservice totaled about $483 billion, down 8.7% from February and […]
David Goodman | Apr 14, 2020 |
Supermarket News

Coronavirus claims ShopRite operator Steve Ravitz

Steve Ravitz, 73, who started Ravitz Family Markets in 1968 and retired as president last year, died last week from the coronavirus, his family announced. Ravitz Family Markets is a Wakefern Cooperative member with five ShopRite stores in New Jersey. Upon his retirement, Ravitz passed the leadership to his sons Jason, Shawn and Brett. Ravitz […]
David Goodman | Apr 09, 2020 |
Supermarket News

Albertsons and UFCW seek first responder status for grocery workers

Albertsons and United Food and Commercial Workers (UFCW) are attempting to obtain a temporary designation of “extended first responders” or “emergency personnel” for supermarket associates. With such a designation, grocery workers would be prioritized for COVID-19 testing, and personal protection equipment like masks and gloves. The joint effort was made last Tuesday in an open […]
David Goodman | Apr 06, 2020 |
Supermarket News

Kroger sales increase 30% in March

The Kroger Co., which operates nearly 3,000 supermarkets in the U.S. and is the largest traditional supermarket chain in the country, reported last week that it experienced a 30% surge in store sales for March as compared to the same month in 2019. Not surprisingly, the increase was caused by Americans staying home and stocking […]
David Goodman | Apr 06, 2020 |
Supermarket News

Save-A-Lot cuts debt, secures $350 million in new capital

In an effort to help fund its business transformation plan, discount grocer Save-A-Lot has secured $350 million in new capital. The company, owned by Canadian private equity firm Onex Corp., said last week that it completed a transaction that cut about $500 million in debt and brought an infusion of $350 million from lenders. Save-A-Lot […]
David Goodman | Apr 02, 2020 |
Supermarket News

Giant Food parent to provide $10 million coronavirus relief package

Alhold Delhaize USA, the parent company of East Coast supermarkets Giant Food, Stop & Shop, Food Lion and Hannaford, announced this week that it plans to donate $10 million in the form of a relief package to address critical needs in the wake of the coronavirus pandemic. The company plans to distribute the funds in […]
David Goodman | Apr 02, 2020 |
Supermarket News

Walmart to take employee temperatures upon arrival for work

Walmart, which employs 1.4 million hourly workers, announced this week that it will begin taking the temperatures of associates as they report to work in stores, clubs and facilities. Any employee that has a temperature of 100 degrees or higher will be paid but asked to return home and to seek medical treatment, if necessary. […]
David Goodman | Mar 26, 2020 |
Supermarket News

Walmart, Target making big investment in employees during pandemic

Walmart announced plans to pay U.S. hourly workers a cash bonus as part of a $550 million package in support of their work during the coronavirus pandemic, and Target announced that it will invest over $300 million in an hourly wage increase, bonus payments, paid leave and an employee relief fund. Walmart said it will […]

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