RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jul 26, 2013 |
Supermarket News

A&P hires Credit Suisse, may put itself up for sale

According to multiple reports, A&P, formally known as the Great Atlantic and Pacific Tea Company, has hired Credit Suisse to help review strategic alternatives that may include selling the company. A&P brands include Pathmark, which recently announced the closing of three stores in New Jersey, as well as Superfresh, Waldbaum’s, The Food Emporium and Food […]
David Goodman | Jul 24, 2013 |
Supermarket News

Save-A-Lot sales down 1.6 percent in first quarter

Supervalu announced its earnings for the quarter that ended on June 15, and although the company posted a loss from continuing operations and sales declined as compared to the same quarter in 2012, their net income doubled. Shortly after the earnings were released, Supervalu’s stock jumped nine percent to hit a 52-week high. As for […]
David Goodman | Jul 18, 2013 |
Supermarket News

ShopRite opens Lawnside, NJ store

ShopRite opened in Lawnside, NJ last weekend at the site of a former Pathmark. The 56,000 square foot store had been vacant for 15 months. The new supermarket is the second store owned by David and Renee Zallie. According to a number of reports, area residents expressed their excitement Sunday about having a grocery store […]
David Goodman | Jul 12, 2013 |
Supermarket News

Kroger to purchase Harris Teeter supermarkets

Cincinnati-based Kroger has agreed to purchase North Carolina-based Harris Teeter for $2.5 billion, or $49.38 per share plus the assumption of $100 million in debt. Kroger is the largest traditional grocery chain in the U.S. with approximately 2,500 supermarkets in 31 states. According to reports, Kroger likes Harris Teeter’s strong position in growing markets, like […]
David Goodman | Jul 12, 2013 |
Supermarket News

Walmart Neighborhood Market fastest growing U.S. supermarket

A report from Chainlinks Retail Advisors recently listed what they believe to be the 10 fastest growing supermarkets (excluding warehouse clubs) in the U.S. They are listed here along with the number of new stores planned for the next year: Walmart Neighborhood Market: 95 – 115 Aldi: 80 – 100 Save-A-Lot: 60 Whole Foods: 50 […]
David Goodman | Jul 10, 2013 |
Supermarket News

Pathmark closing three South Jersey stores

Several reports yesterday confirmed that A&P officials told employees that the company was closing Pathmark stores in Cherry Hill, Camden and Edgewater Park in 60 days. The closings will leave Ventnor as home to the only Pathmark in New Jersey. A&P closed Super Fresh stores in Westmont, Marlton and Plainsboro earlier this year. The closing […]
David Goodman | Jul 08, 2013 |
Supermarket News

ShopRite, Giant dominate Delaware Valley and Philadelphia market share

The annual Market Study issue, published by Jeff Metzger and friends at Food Trade News, came out last week and reported that ShopRite remained the supermarket leader in the 15-county Delaware Valley market, while Giant took over as the leader in the eight-county Philadelphia market. “Other merchants may have opened more stores, made acretive acquisitions […]
David Goodman | Jul 03, 2013 |
Supermarket News

Whole Foods, Costco project in doubt as Lehigh County rejects financing deal

The excitement generated last month from the announcement that Whole Foods was planning to join Costco and Target in the Goldenberg Group’s proposed development in Lower Macungie, PA has waned considerably since Lehigh County commissioners rejected tax financing for the project last week. The tax increment financing (TIF) proposal would have allowed up to $7 […]
David Goodman | Jun 25, 2013 |
Supermarket News

Walmart Neighborhood Market may accelerate its rollout

Earlier this month Walmart CEO Bill Simon said the company could accelerate the rollout of its Neighborhood Market grocery stores. According to Simon, Walmart had plans to open 80-100 Neighborhood Market stores this year and next, but that number could increase as returns on newly built stores approach those of its supercenter format. “Neighborhood Market […]
David Goodman | Jun 25, 2013 |
Supermarket News

Amazon planning major online grocery expansion

Earlier this month Reuters reported that Amazon is planning a major expansion of its online grocery service. According to the report, the expanded service will start in California and then possibly expand into 20 urban markets. And according to Globe Street, a national supermarket analyst says Amazon could be targeting 40 markets. Amazon is no stranger […]

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