RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Sep 24, 2013 |
Supermarket News

Weis Markets CEO resigns

Weis Markets announced yesterday that CEO David J. Hepfinger has resigned as CEO “to pursue other interests.” Jonathan Weis, the company’s vice chairman, has been named CEO on an interim basis. Hepfinger served as CEO for more than four years, during which time the supermarket chain experienced significant store expansion and renovation programs, including the […]
David Goodman | Sep 20, 2013 |
Supermarket News

Supermarket analysts expect more industry consolidation

Supermarket analysts gathered at the 18th annual Supermarket News Analysts Roundtable in New York earlier this week and agreed that a new wave of consolidation will hit the industry in the near future, and that Kroger may lead the way as a buyer. In the last two weeks two major deals have been announced: Albertsons LLC agreed […]
David Goodman | Sep 16, 2013 |
Supermarket News

Sales increase at Food Lion, Bottom Dollar still not profitable

Delhaize Group sales and earnings increased in the company’s second quarter due in part to sales increases at Food Lion, according to a company statement issued last month. U.S. sales for Delhaize, which includes Food Lion, Hannaford and Bottom Dollar, improved 0.4% to $4.25 billion, as compared to the same period one year ago. Margins […]
David Goodman | Sep 16, 2013 |
Supermarket News

Costco sales exceed $100 billion

Costco announced earlier this month that sales for the fiscal year ended September 1 were $102.9 billion, a 6% increase over the previous year and the first time sales ever reached $100 billion. Costco also reported that fresh foods had positive comp-store sales “in the high single digit range” for the month of August, with […]
David Goodman | Sep 16, 2013 |
Supermarket News

Tesco paying Yucaipa to take on its Fresh & Easy grocery stores

Nearly three years ago I posted a story titled, “Who is Tesco and why should we care?” I pointed out that the world’s third largest retailer and dominant grocer in England had 168 Fresh & Easy grocery stores on the west coast of the United States, and had the capital to make itself a supermarket […]
David Goodman | Sep 03, 2013 |
Supermarket News

Dollar Tree continues to add coolers, ramp up competition with food stores

Dollar Tree said last month that it would add coolers for frozen and refrigerated foods to 550 stores this year, which is more than it has ever added in one year. Coolers were added to 215 stores in the company’s second fiscal quarter, and it now has coolers in nearly 3,000 of its 4,842 locations. […]
David Goodman | Sep 03, 2013 |
Supermarket News

Weis opens fourth New Jersey store

Last Monday Weis opened its fourth New Jersey store, this one on Route 206 in Hillsborough. The store is 55,200 square feet and features the usual departments plus an in-store pizza kitchen and online shopping. The company expects that the store will receive the EPA’s GreenChill Gold-Level Certification. That’s great for the environment, and if […]
David Goodman | Sep 03, 2013 |
Supermarket News

Another New Jersey Pathmark to close

Supermarket News reported last week that the Pathmark store in Howell, NJ will close in October. According to union sources, the employees were notified the previous week. Parent company A&P announced in July that Pathmark stores would close in Cherry Hill, Camden and Edgewater.  A&P, which also includes Super Fresh, Waldbaum’s, The Food Emporium and Food […]
David Goodman | Aug 01, 2013 |
Supermarket News

Fresh Grocer to join Wakefern, rebrand Drexel Hill store as ShopRite

The Fresh Grocer, an independent grocery chain with eight stores (six in PA), announced yesterday that it was joining the Wakefern cooperative and that its Drexel Hill, PA store would switch to the ShopRite banner. The seven other stores plan to retain the Fresh Grocer name. The Fresh Grocer, currently owned by Pat Burns and […]
David Goodman | Jul 30, 2013 |
Supermarket News

Study reveals Trader Joe's as consumer's favorite grocery chain

As the result of a study of 6,600 consumers released last week by Market Force Information, Trader Joe’s was named North America’s favorite grocery store based on customer satisfaction. Publix and Whole Foods were second and third, respectively. All three chains received high marks for courteous staff, inviting atmosphere and high-quality produce. As far as […]

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