RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Mar 26, 2020 |
Supermarket News

Instacart to hire 300,000 personal shoppers as demand rises

With COVID-19 cases mounting nationwide and order volume increasing 150% year over year in recent weeks, Instacart announced that it will hire 300,000 additional full-service personal shoppers over the next three months. The hiring push will significantly increase the size of the company’s personal shopper community. The hiring will focus on states with the highest […]
David Goodman | Mar 26, 2020 |
Supermarket News

Village Super Market and Amazon awarded stores in Fairway Market auction

Yesterday I wrote that Amazon had bid on four Fairway Market stores (Amazon bids on Fairway Market stores in NY and NJ), along with bids from ShopRite operator Village Super Market and Food Bazaar operator Bogopa. In all, Fairway Markets, which had filed for Chapter 11 bankruptcy, operates 14 stores in New York City, Long […]
David Goodman | Mar 24, 2020 |
Supermarket News

Amazon bids on Fairway Market stores in NY and NJ

The New York Post reported that Amazon has made bids for four Fairway Market stores. The stores are in Brooklyn and Pelham Manor, NY, and Woodland Park and Paramus, NJ. Fairway Market recently filed for Chapter 11 bankruptcy. Two supermarket operators previously made bids on Fairway stores. Bogopa, which operates 26 Food Bazaar supermarkets in […]
David Goodman | Mar 24, 2020 |
Supermarket News

Modern food distribution system not yet able to handle coronavirus

In the last few years, a “shipping revolution” has caused the food industry to prepackage food products at the factory, according to Jeffrey Tucker of Tucker Company Worldwide, a NJ-based logistics firm. Just the right amount of food is prepackaged for restaurant deliveries, and just the right amount is prepackaged for grocery stores. The system […]
David Goodman | Mar 19, 2020 |
Supermarket News

Whole Foods giving raises, supermarkets reacting to coronavirus

Grocery stores are seeing high levels of customer activity with both the reasonable and panicked reactions to the coronavirus. Cleaning supplies and toilet paper (really?) are of particular interest to consumers. Some stores seem to be restocking better than others. Earlier this week Whole Foods announced that it’s giving hourly employees a $2 per hour […]
David Goodman | Mar 16, 2020 |
Supermarket News

Amazon Go: Amazon adding grocery formats in effort to dominate markets

With the opening of the first Amazon Go Grocery store in Seattle a few weeks ago, along with the company’s plans for a new supermarket chain, industry expert Bill Bishop of Brick Meets Click believes that “Amazon’s ultimate goal for grocery is to be the dominant provider in many of the most affluent market areas.” […]
David Goodman | Mar 07, 2020 |
Supermarket News

Supermarket growth continues at a fast pace in Philadelphia

A Billypenn.com article recently reported on the plethora of supermarket openings in the city of Philadelphia. According to author Layla A. Jones and her sources, the city welcomed 56 grocery stores between 2015 and 2018, and over the past two years, the Department of Licenses and Inspections issued 255 permits for retail food sales. Here’s […]
David Goodman | Mar 07, 2020 |
Supermarket News

Several grocers announce new Greater Philly stores, as Swann's Pantry closes

Warminster, PA Bucks County, PA will see its first Lidl store when it opens in a former Pathmark in Warminster later this year. And according to township officials, Weis Markets will fill a portion of the former Kmart building nearby, and Aldi is proposing a new store a few miles away. West Philadelphia In the […]
David Goodman | Feb 14, 2020 |
Supermarket News

Trader Joe's and Lidl opening new South Jersey stores

Nearly two years after the Cherry Hill, NJ planning board approved plans for a 14,770 square foot retail building at Towne Place at Garden State Park, which sent rumors flying about Trader Joe’s, a company spokesperson stated that a Trader Joe’s store is planning to open in Cherry Hill, most likely in the spring. Currently […]
David Goodman | Feb 10, 2020 |
Supermarket News

Earth Fare and Fairway Markets file for bankruptcy

Fairway Markets and Earth Fare recently filed for Chapter 11 bankruptcy protection, and both companies announced that they plan to go out of business. Fairway Markets, with 14 stores in the New York metropolitan area, reported in late January that it entered into a stalking horse asset-purchase deal to sell up to five New York […]

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