RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Aug 02, 2012 |
Supermarket News

Whole Foods and Weis Markets report net earnings increases

Whole Foods and Weis Markets both reported increases in net earnings last week. Whole Foods: Net income for the third quarter was up 32% compared to the same period one year ago, driven by an 8.2% gain in same-store sales, according to the company. Net income for the quarter was $116.8 million, and sales were […]
David Goodman | Jul 31, 2012 |
Supermarket News

Wynnewood to get new Whole Foods store

Last week Whole Foods announced (on its Facebook page) that it would replace its 16,500 square foot Wynnewood, PA store with a new 45,000 square foot facility around the corner. Developer WP Realty expects the store to open in the summer or fall of 2015.
David Goodman | Jul 31, 2012 |
Supermarket News

Supervalu fires CEO

Craig Herkert, Supervalu’s CEO since May 2009, was fired yesterday and replaced by Board Chairman Wayne Sales. Herkert had been under fire by industry experts and journalists for much of his tenure at Supervalu (Acme, Save-A-Lot in the Philly region), and last week the company made news for its announcement that it would explore selling […]
David Goodman | Jul 24, 2012 |
Supermarket News

Save-A-Lot COO leaving, store operators are worried

As if Supervalu isn’t having enough trouble with its traditional supermarkets, results at the company’s star performer, discount grocer Save-A-Lot, are sagging as well. According to a recent Supermarket News story, licensees say higher costs and a lack of leadership at Supervalu are to blame. The latest blow for Save-A-Lot and its licensees is the […]
David Goodman | Jul 24, 2012 |
Supermarket News

Wawa opens first Florida store

The first Wawa in the state of Florida opened last week in Orlando, and as many as 100 may open in the state over the next five years. For now, residents of Orlando can expect a new Wawa every week for the next five weeks. A store in Tampa is slated to open next year, […]
David Goodman | Jul 24, 2012 |
Supermarket News

Supervalu shareholder mad about CEO's bonus, threatens lawsuit

A Supervalu shareholder with about 45,000 shares asked CEO Craig Herkert, who accepted a $950,000 bonus but whose company is eliminating its dividend and reeling from poor performance, to show his commitment to stakeholders by cutting his salary to $1 for the next two years. Herkert declined, and the shareholder said a class-action lawsuit for […]
David Goodman | Jul 17, 2012 |
Supermarket News

Aldi ad campaign to focus on "truths" of no-frills grocery shopping

“Loyalty shouldn’t require a card.” “You can’t eat frills, so why pay for them?” “The same is always better when it costs less.” According to Aldi, these advertising slogans are “Aldi Truths,” and part of the company’s campaign that explains some of the advantages of shopping at a no-frills grocery store.
David Goodman | Jul 17, 2012 |
Supermarket News

A&P to shift accounting work to India

A&P (Super Fresh, Pathmark) announced last week that it plans to outsource certain accounting functions to India. The company expects the transition will be completed by February 2013. No word yet on how many employees will be impacted.
David Goodman | Jul 12, 2012 |
Supermarket News

The end may be near for Supervalu, Acme

Yesterday the board of directors for Minneapolis-based Supervalu (Acme, Save-A-Lot) said they are considering the sale of all or parts of the company, and will significantly cut expenses and capital spending. The announcement came after Supervalu’s financial results for its most recent quarter fell below expectations. The company’s net earnings of $41 million were down […]
David Goodman | Jul 11, 2012 |
Supermarket News

Genuardi's... and then there were 4

Five Genuardi’s stores transitioned to Giant last week and 10 more will transition later this month. Three stores reopened as Weis supermarkets last month, and one will be a McCaffrey’s within a couple weeks. For those (like me) keeping score, that leaves five open and operating. Next month it’ll be down to four. The Cherry […]

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