RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Oct 04, 2012 |
Supermarket News

Food sales boost Family Dollar earnings

Family Dollar reported fiscal fourth quarter earnings yesterday and announced that expanded selections of food played a large part in their sales gains. Overall consumables sales increased by 16% compared to the same period one year ago, with food experiencing double-digit comp-store sales growth. Net income for the quarter increased 1.4% to $80.9 million, with […]
David Goodman | Oct 03, 2012 |
Supermarket News

Independent grocers saw net profit gains in 2011

Independent grocery stores, which make up about 5% of the grocery market as compared to 20% 10 years ago, saw average net profits before taxes rise to 1.12% in 2011, a 3.7% gain from the previous year, according to a survey by the National Grocers Association and FMS Solutions. According to the survey, same-store sales […]
David Goodman | Sep 28, 2012 |
Supermarket News

Online grocer FreshDirect coming to the Philly market

Exactly one year ago today I blogged about Peapod by Giant’s entry into the Greater Philadelphia market (Peapod by Giant online grocery shopping to serve Greater Philly).  Today I’m writing about FreshDirect.com, although I just gave the lead sentence to its biggest competitor! FreshDirect, which has served the New York metro area for the last […]
David Goodman | Sep 13, 2012 |
Supermarket News

A&P to sell Food Emporium's Manhattan stores

The Great Atlantic and Pacific Tea Company (A&P), the parent company of Pathmark and Super Fresh, announced earlier this week it is selling Food Emporium’s 16 Manhattan locations. The stores, its leases and the brand name are for sale.   Earlier this year A&P emerged from bankruptcy as a private company, and also with 75 […]
David Goodman | Sep 10, 2012 |
Supermarket News

Report says supermarket share loss will slow

A report issued last week by Moody’s Investors Service predicts that the rate at which supermarkets have been losing share to alternative formats in the last 10 years will slow. According to the report, sales-building strategies by leading grocers such as Kroger, Wegmans, Safeway, Whole Foods and others will successfully attract customers. However, “the performance […]
David Goodman | Sep 07, 2012 |
Supermarket News

Whole Foods growth is good for REITS

An article on SeekingAlpha.com last week described how Whole Foods’ growth is helping its landlords, which often are major U.S. shopping center REITs. The story cited research that says supermarket industry revenue will grow an estimated 0.4 percent this year, while Whole Foods sales may rise as much as 16 percent. With shopping center construction […]
David Goodman | Sep 07, 2012 |
Supermarket News

Supervalu to close 60 stores, including three area Acmes

Supervalu announced Wednesday that it will close 60 stores on or before December 1. Among the closures are four Acme stores, two of which are in PA (Sharon Hill and Falls Township) and one in NJ (Glassboro). The fourth Acme location is in Maryland. Amelia’s Grocery Outlet already has a signed lease to replace Acme […]
David Goodman | Aug 31, 2012 |
Supermarket News

Top grocery chains buying up shopping centers

Demand among investors for grocery-anchored shopping centers is high, and grocery chains are buying up many of the centers in what may be both a defensive and cost-saving move, according to a story last week on retailtrafficmag.com. The defensive purchase by a grocery chain limits the uncertainty that a new shopping center owner brings. At […]
David Goodman | Aug 30, 2012 |
Supermarket News

Store growth for The Fresh Market set at 15% annually

The Fresh Market, which operates 121 stores in 24 states, said it plans to open 14-16 new stores next year and plans to maintain a 15% growth rate for the foreseeable future. The company opened 11 stores so far this year and has three to five openings planned in the second half of the year. […]
David Goodman | Aug 30, 2012 |
Supermarket News

Buyers looking at Supervalu units, but not the entire company

According to a Bloomberg story last Friday, Supervalu (Albertsons, Acme, Save-A-Lot, among others) has received several inquiries from potential buyers interested in individual units of the company, but would prefer to sell off the entire business as a whole. Supervalu hired Goldman Sachs and Greenhill & Co. earlier in the summer to find a buyer. […]

David Goodman

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

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