RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Sep 16, 2024 |
Supermarket News

Giant coming to Andorra SC in Philly

Giant is slated to backfill the supermarket space formerly occupied by Acme as well as a couple vacant adjacent spaces at Andorra Shopping Center in Northwest Philadelphia. Construction is scheduled to start in 2025 with no opening date announced yet. According to zoning documents filed with the city, the store will occupy about 44,500 square […]
David Goodman | Sep 16, 2024 |
Supermarket News

Aldi's foot traffic sees big growth in 2024

Aldi saw double-digit foot traffic growth in the first five months of 2024, according to Placer.ai data shared exclusively with Supermarket News. The data also showed that the discount grocer was the only major supermarket chain that eclipsed 20% year-over-year growth in shoppers. In addition, in February Aldi hit 30% growth over the same period […]
David Goodman | Sep 06, 2024 |
Supermarket News

Sprouts relying on health enthusiasts to spur store growth

In yesterday’s edition of Supermarket News, Senior Editor Bill Wilson wrote about Sprouts Farmers Market and the company’s decision to concentrate solely on health enthusiasts, a decision which cost them lots of customers. “We decided to focus on the… health enthusiasts, and when you become more focused on that, it changes what you do in […]
David Goodman | Sep 05, 2024 |
Supermarket News

Lidl plans Lower East Side Manhattan store

Lidl announced that it plans to open a 23,000 square foot store next summer at 408 Grand Street in Manhattan’s Lower East Side. According to reports, Lidl signed a lease with affordable housing non-profit Grand Street Guild. Earlier this year the company announced plans for its second Manhattan location in Chelsea, which is slated to […]
David Goodman | Aug 13, 2024 |
Supermarket News

Aldi adding Instacart technology and smart carts

Aldi announced that it is rolling out Instacart Caper Carts across its stores in the U.S. The carts feature an interactive screen that tracks spending, provides access to coupons and deals through a loyalty program, and lets shoppers checkout from anywhere in the store. The discount retailer is also rolling out several Instacart Connected Stores […]
David Goodman | Aug 08, 2024 |
Supermarket News

Sprouts continues to grow stores, sales and profits

Sprouts Farmers Market has been enjoying continued growth in stores and sales in recent months. The company reported $1.9 billion in net sales for the second quarter of 2024, representing a 12% increase year over year. In addition, comparable store sales grew 6.7%, and gross profit was over $718 million. For the first two quarters […]
David Goodman | Aug 08, 2024 |
Supermarket News

Walmart continues to dominate grocery market share

Walmart continues to dominate the share of dollars spent in the U.S. at grocery retailers, according to data from Numerator. The nation’s largest retailer holds a 21.4% market share over the 12-month period from July 1, 2023 to June 30, 2024. Kroger is a distant second with an 8.9% share, followed by Costco (8.3%), Albertsons […]
David Goodman | Jul 26, 2024 |
Supermarket News

Colorado judge temporarily blocks Kroger - Albertsons merger

A Colorado judge postponed the Kroger – Albertsons merger yesterday, granting a preliminary injunction hearing that will take place over the course of two weeks beginning September 30. The proposed $24.6 billion merger had been challenged by the state attorney general. The merger is also facing a multi-state lawsuit led by the Federal Trade Commission […]
David Goodman | Jul 23, 2024 |
Supermarket News

Lidl's shipping company continues to grow and thrive

Two years after Lidl surprised the shipping industry by launching Tailwind Shipping Lines, the company’s fleet has grown to nine ships, with its largest to date recently starting service. Lidl, part of the Schwartz Group, the fifth-largest retailer in the world, started the new business as a result of delays and shortages in container volumes […]
David Goodman | Jul 23, 2024 |
Supermarket News

Saker to renovate and expand Freehold, NJ ShopRite

The Freehold, NJ ShopRite that opened 60 years ago is scheduled for renovation and expansion, pending approval from the township’s planning board. The plan is for the store to remain open during construction, and upon completion it will be 86,500 square feet. Holmdel, NJ-based Saker ShopRites owns and operates the store, along with 38 others […]

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