RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jan 16, 2013 |
Supermarket News

Bottom Dollar parent ousts 15 execs in restructuring effort

Delhaize America CEO Roland Smith sent a memo to employees last week detailing a high-level restructuring that resulted in the ouster of 15 executives. According to reports about the memo, the company failed to realize cost-saving targets that were established last year. The move follows the appointment of new presidents at Food Lion and Hannaford […]
David Goodman | Jan 10, 2013 |
Supermarket News

Supervalu sells Acme and four other brands; Kimco in on the deal

Supervalu announced this morning it has a deal in place to sell Acme and four other supermarket chains for $3.3 billion to a group led by Cerberus Capital. The Cerberus group includes Kimco, the largest shopping center owner in the U.S., and Lubert-Adler Partners of Philadelphia, among others. Albertsons, Jewel-Osco, Shaw’s and Star Market stores will […]
David Goodman | Jan 03, 2013 |
Supermarket News

A&P close to a sale of its Food Emporium chain

According to a story in Crain’s New York Business, the sale of A&P’s 16-store Food Emporium chain in Manhattan is imminent. As of late last month, the investment banking firm Duff & Phelps was soliciting final bids from buyers, including Kings Food Markets, a 24-store chain that operates in New Jersey, Long Island and Connecticut, that […]
David Goodman | Jan 03, 2013 |
Supermarket News

7-Eleven to focus on fresh foods

According to a 7-Eleven spokesperson, the company is diving deeper into the competitive food business as it plans to eventually make fresh foods 20% of its total sales. Diminished tobacco sales as well as greater demand for healthier food contributed to the strategy shift. “We have an internal team of experts… working on our fresh […]
David Goodman | Dec 26, 2012 |
Supermarket News

Weis opens large, green supermarket in Fogelsville

Weis Markets opened its newest store earlier this month in Fogelsville, and at 65,800 square feet it’s the company’s largest in the Lehigh Valley. It is also expected to be the Valley’s first grocery store to be LEED-certified by the U.S. Green Building Council. According to Weis, the store will use approximately 22 percent less […]
David Goodman | Dec 26, 2012 |
Supermarket News

Dollar General cautious, but still planning hundreds of new stores

Despite strong third quarter sales and earnings results, Dollar General CEO Rick Dreiling is cautious about the fourth quarter. He says customer spending has been erratic, which indicates uncertainty about the economy. “It is my belief that our core customers are concerned about their financial outlook, which is resulting in a dynamic that is driving […]
David Goodman | Dec 26, 2012 |
Supermarket News

Giant's 100th fuel station opens in Souderton

Giant Food Stores opened its 100th fuel station last week, which is located in front of a Giant store in Souderton, PA and directly across from a Super Wawa. Giant opened its first fuel station in 1998, and has recently been adding stations in the Philadelphia market. There are a number of developers looking for […]
David Goodman | Dec 07, 2012 |
Supermarket News

Tesco to shut down Fresh & Easy chain

Tesco, the British supermarket giant and the world’s fourth largest retailer, announced it will sell or shut down its 200 Fresh & Easy grocery stores. All of the stores are located in California, Arizona and Nevada, and the banner is Tesco’s only U.S. asset. Fresh & Easy began with its first store in Phoenix in […]
David Goodman | Dec 05, 2012 |
Supermarket News

Talks heating up between Supervalu and Cerberus

After reports last week that talks between Supervalu and Cerberus Capital Management had cooled, it looks like they have heated up again. A businessweek.com report earlier today says that the struggling national grocery chain is “moving toward a deal” to sell Albertsons and Save-A-Lot to Cerberus. Previous discussions centered around Cerberus buying the entire company, […]
David Goodman | Nov 29, 2012 |
Supermarket News

The Fresh Market reports increases in sales, income

The Fresh Market reported an excellent third quarter yesterday, although analysts had hoped for better results.   Net income for the quarter grew to $10.9 million, a 19% gain as compared to the same period one year ago. Sales reached $321.5 million, a 22.1% gain. Income per share was $0.23, compared to analysts expectations of […]

David Goodman

David leases high-quality shopping centers, represents select retail clients and sells vacant bank properties.

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