RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jul 11, 2012 |
Supermarket News

Valu King to compete with Bottom Dollar in Pittsburgh

Giant Eagle, the Pittsburgh, PA-based supermarket, said on Monday its discount grocery brand Valu King will expand into the Pittsburgh market. According to the company’s website, Valu King has four stores in Ohio and three in Pennsylvania. The PA stores are in Johnstown and Erie (2). Bottom Dollar, a Delhaize brand that currently has 27 […]
David Goodman | Jul 09, 2012 |
Supermarket News

Occupancy and rents are up at shopping centers

Good news from Reis, Inc., a research company that tracks shopping centers. In the three months ending June 30, occupied space rose by a net 2.06 million square feet, the third largest addition since the first quarter of 2008. Shopping center vacancies dropped for a second consecutive quarter. Vacancies are now at 10.8%, down from […]
David Goodman | Jul 09, 2012 |
Supermarket News

Led by Whole Foods, food retailers ahead of Dow Jones pace

Supermarket News tracks the stock prices of food retailers, and they reported last Friday that Whole Foods Market was the industry leader for the first half of the year with a 37.69% gain in price. The Fresh Market, a similar store to Whole Foods in that it’s a high-end market, was next with a 34.41% […]
David Goodman | Jul 03, 2012 |
Supermarket News

Supervalu cutting marketing positions

Supervalu (Acme, Save-A-Lot in Greater Philly) announced yesterday it is cutting 39 marketing positions. The company did not specify whether the employees losing their jobs are based at the Eden Prairie, MN headquarters, located elsewhere or a combination of the two. Supervalu has been in the news lately due to the speculation that it’s a […]
David Goodman | Jun 29, 2012 |
Supermarket News

Family Dollar to sell more refrigerated and frozen foods

Family Dollar reported yesterday that they plan to continue to increase their assortment of food offered for sale, including a greater selection of refrigerated and frozen foods. Largely as a result of the company’s partnership with McLane Co., Family Dollar said it added 150 food SKUs in February and expects to add 250 more by […]
David Goodman | Jun 25, 2012 |
Supermarket News

Giant conversion of 15 Genuardi's stores to start this week

The 15 Genuardi’s stores sold to Giant (and approved by the Federal Trade Commission) will all be converted by the end of July. Here’s the schedule: Phase 1 – stores to close June 28 and re-open July 8 West Chester Huntingdon Valley Jamison Kennett Square North Wales Phase 2 – stores to close July 5 […]
David Goodman | Jun 25, 2012 |
Supermarket News

Market Study: ShopRite, Giant tops again in Greater Philly sales

I received the highly anticipated Market Study issue of the Food Trade News last week.  As usual, there was an incredible amount of information about the supermarket industry in the PA, NJ and DE markets. The headline was that ShopRite remains a strong leader (based on total sales) in the 55-county market area that stretches […]
David Goodman | Jun 22, 2012 |
Supermarket News

Bernie Kenny turning Delaware ShopRite business over to son Chris

After more than 50 years in the supermarket business and 12 years as the chief executive of Delaware Supermarkets Inc., Bernard Kenny is stepping down. His son, Chris Kenny, will become CEO while Bernard will remain active as chairman. Delaware Supermarkets currently has five stores under the ShopRite (Wakefern) brand, and has a 15% share […]
David Goodman | Jun 21, 2012 |
Supermarket News

Supervalu can be bought at a big discount, analysts say

Supervalu (Acme, Save-A-Lot), which operates more than 2,000 supermarkets in the U.S. including Albertsons, Jewel-Osco and Shaw’s, continues to generate press as a  takeover target. Last week, Bloomberg said that Supervalu “is offering private equity shoppers the biggest discount of any supermarket chain in America.” Here’s why: The company is expected to turn a profit […]
David Goodman | Jun 20, 2012 |
Supermarket News

More on the McCaffrey's-Giant-Genuardi's deal...

Although I already wrote about McCaffrey’s deal with Giant to take the Genuardi’s space in Newtown, PA (McCaffrey’s to acquire Genuardi’s in Newtown, PA), Maria Panaritis’ story in today’s Philadelphia Inquirer sheds more light on the deal. Philadelphia Inquirer: In the end, a small supermarket chain gets its Genuardi’s

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