RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Nov 16, 2023 |
Supermarket News

Gerrity's completes conversion to The Fresh Grocer

Gerrity’s supermarkets recently transitioned to The Fresh Grocer and became the 48th member of Wakefern Food Corp., the retailer-owned cooperative whose members independently own and operate grocery stores, including ShopRite and Price Rite brands, among others. The family-owned supermarket business, which began in 1895, consists of 10 Pennsylvania locations in Lackawanna, Luzerne, and Northampton counties. […]
David Goodman | Nov 13, 2023 |
Supermarket News

Amazon closes apparel stores but plans to step up supermarket business

Amazon closed its two Amazon Style stores last week, less than two years after it shuttered its stand-alone bookstores and other non-grocery stores. However, the company said physical retail is still important and noted that it plans to expand brick-and-mortar grocery stores. “Physical retail remains an important part of our business,” according to Amazon spokesperson […]
David Goodman | Nov 13, 2023 |
Supermarket News

Grocery Outlet hits $1B in net sales for Q3

Grocery Outlet announced last week that it reached the $1 billion mark in net sales for the company’s third quarter, which represents a 9.3% increase compared to the same period a year ago. In addition, comparable store sales increased 6.4%, while Grocery Outlet’s gross margin increased by 31.4%. The discount retailer, which opened eight stores […]
David Goodman | Oct 24, 2023 |
Supermarket News

History says FTC will approve Kroger-Albertsons merger

According to an article in Supermarket News, a white paper recently released by the International Center for Law & Economics titled “Food-Retail Competition, Antitrust Law, and the Kroger/Albertsons merger” points out that the FTC has shown a pattern of approving deals that include the selling of stores. In fact, the paper states that over the […]
David Goodman | Oct 24, 2023 |
Supermarket News

ShopRite to close five stores in Albany, NY area

Wakefern announced that five ShopRite supermarkets will close this winter in the Albany, NY market and that as many as 500 workers will lose their jobs. The store closings are planned for Colonie, Slingerlands, Albany, North Greenbush, and Niskayuna. The closings are due to poor sales, according to a Wakefern spokesperson.
David Goodman | Oct 11, 2023 |
Supermarket News

Online grocery sales fall 3% in September

Online grocery sales fell 3.1% in September (to $7.5 billion) as compared to September of 2022, according to the latest monthly Brick Meets Click / Mercatus Grocery Shopping Survey. Declines in order frequency and spending per order contributed to the drop, although an expanded base of monthly customers signaled continued interest in online grocery sales. […]
David Goodman | Sep 28, 2023 |
Supermarket News

McCaffrey's opens Gladwyne, PA store

McCaffrey’s, the regional grocery chain with locations in New Jersey and Pennsylvania, opened its eight store last week in Gladwyne, PA at the site of a former Acme Supermarket. In addition to the usual grocery departments, McCaffrey’s first Main Line store will feature craft beers, wine, a gourmet sandwich station, and a coffee bar.
David Goodman | Sep 27, 2023 |
Supermarket News

The Fresh Market named Best Grocery Store and my mom agrees

The Fresh Market was named the “Best Grocery Store in America” by USA Today as part of the media outlet’s “10Best Readers’ Choice Awards.” The Fresh Market also took top honors for their bakery and deli departments. Hy-Vee was the top pick for the best produce and prepared food. All winners were chosen by popular […]
David Goodman | Sep 21, 2023 |
Supermarket News

Instacart IPO nets company $420 million

Instacart’s initial public offering on Monday netted the company more than $420 million, according to a CNBC report. The IPO offering of 22 million shares was priced at $30 per share on Monday, but the stock (listed as CART on the Nasdaq exchange) hit the market midday at about $42 per share before eventually trailing […]
David Goodman | Sep 13, 2023 |
Supermarket News

Kroger, Albertsons to sell 413 stores to C&S Wholesale Grocers in advance of merger

Kroger and Albertsons announced the sale of 413 stores, eight distribution centers and five private label brands to C&S Wholesale Grocers, a deal directly related to the proposed merger of the two selling entities. The stores sold are located (in order from the most to the least number of stores sold) in the states of […]

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