RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | May 15, 2023 |
Supermarket News

Weis Markets to anchor mixed-use center in Middletown, DE

The Blenheim Group reported last week that Weis Markets plans to anchor Bayberry Town Center in Middletown, DE, its proposed 280,000 square foot shopping center in the 1,500-acre planned community known as the Village of Bayberry. At 64,000 square feet, Weis will be joined by about 185,000 square feet of adjacent retail and nine pad […]
David Goodman | May 15, 2023 |
Supermarket News

Wawa breaks ground on first NC store

Wawa broke ground last Friday on its first planned location in North Carolina. The store, at 1900 N. Croatan Highway in Kill Devil Hills in the Outer Banks, is expected to open next year. Wawa also has plans for stores in Wilmington and Elizabeth City, NC, but no timetable has been set.
David Goodman | May 10, 2023 |
Supermarket News

Giant to open store across from Acme in Jenkintown, PA

Giant announced that it plans to construct a new 50,000 square foot store at the corner of Old York and Wyncote Roads in Jenkintown, PA, where Glanzmann Subaru used to operate its dealership. Blank Aschkenasy is the developer. Construction is slated to start following the entitlement and permit process. There is no projected opening date […]
David Goodman | May 07, 2023 |
Supermarket News

Wawa traffic on the rise, Placer names it one of "10 Retail Brands to Watch"

A report earlier this year from Placer.ai found that Wawa, one of Placer’s “10 Top Retail Brands to Watch in 2023,” can attribute much of its success to its ability to shift priorities and strategies in the face of rising prices and shifting post-Covid work routines. The report also mentioned that Forbes ranked Wawa number […]
David Goodman | May 07, 2023 |
Supermarket News

Survey says Wegmans and H-E-B are best in class

We know that Walmart accounts for the most grocery dollars in the U.S., but according to a recent survey, the world’s largest retailer accounts for almost twice as much as second place Kroger. The survey, conducted by MarketForce and called “US Grocery Benchmark Study: Consumer Experiences and Competitive Benchmarks,” was based on answers from 6,555 […]
David Goodman | May 05, 2023 |
Supermarket News

Ideal Food Basket opens in Bethlehem

Ideal Food Basket, a 15,000 square foot store featuring a bakery, deli and seven aisles of groceries, opened last week in Bethlehem’s south side, considered by the USDA to be a low income and low access area (formerly known as a food desert). The building previously housed Ahart’s Market, which closed two years ago after […]
David Goodman | May 05, 2023 |
Supermarket News

Economic Policy Institute says Kroger-Albertsons merger could cost workers $300M

The Economic Policy Institute, an independent, nonprofit think tank that researches the impact of economic trends and policies on working people in the United States, said in a policy memo that workers at Albertsons and Kroger could lose a total of $300 million annually if the $24.6 billion merger between the two grocers takes place. […]
David Goodman | May 05, 2023 |
Supermarket News

Weis Markets plans to invest $160M in growth

Weis Markets CEO Jonathan Weis said at the company’s annual shareholder meeting earlier this month that they plan to invest more than $160 million this year on new stores, remodels, fuel centers and information technology upgrades. “Our budget includes 20 remodels, six fuel centers, one addition and one new store, which will open in 2024,” […]
David Goodman | Apr 26, 2023 |
Supermarket News

Analysts think Amazon could acquire stores available once Kroger, Albertson merge

In a letter to shareholders earlier this month, Amazon CEO Andy Jassy said the grocery business needs to be a focal point of the company’s strategy, despite its recent struggles. Jassy stressed the need to find a mass grocery format that’s worth expanding broadly, saying that a larger physical store footprint is needed since most […]
David Goodman | Apr 24, 2023 |
Supermarket News

Smaller grocery stores experiencing surge in customer traffic

Shoppers shifted away from superstores in the first quarter of the year in favor of smaller grocery chains, according to a recent Placer.ai report. In an attempt by consumers to curb food spending, grocers like Metro Market (17.9% increase), Grocery Outlet (11.6%), Trader Joe’s (8.8%) and others have experienced a surge. Despite the dip in […]

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