RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Aug 24, 2012 |
Supermarket News

Weis to replace Pathmark in Huntingdon Valley

The Marketplace at Huntingdon Valley, site of a 52,000 SF Pathmark that closed earlier this year, will soon feature a 62,000 SF Weis supermarket that will sell wine and beer by the glass in its cafe. According to the shopping center owner, Weis Markets will invest $5 – $8 million in the store for improvements […]
David Goodman | Aug 23, 2012 |
Supermarket News

Wal-Mart ad campaign targeting supermarket prices

Wal-Mart reported last week that net earnings for its fiscal second quarter increased 5.7% compared to the same quarter one year ago. More interesting to me were two tidbits about pricing that I read in a summary of the company’s results: 1) Due to Wal-Mart’s continued investment in pricing, gross profit as a percentage of […]
David Goodman | Aug 23, 2012 |
Supermarket News

Acme gave away $1 million, but not to me

The Acme Sizzlin’ Summer Giveaway Collect & Win Game, which desperately needs a better name, ends tomorrow, and yesterday a local dental student was declared the $1 million winner. My wife has been collecting cards, or tickets, or whatever those rectangular pieces of paper are, for months now, and she’s been talking about the $1 […]
David Goodman | Aug 15, 2012 |
Supermarket News

S&P raises Whole Foods rating to investment grade

Last week S&P raised their corporate credit rating on Whole Foods to “BBB-,” or investment grade. Based on S&P’s expectation that strong sales and profit growth will continue at Whole Foods, they issued a “stable” outlook. According to S&P, “Whole Foods has enhanced credit protection measures with considerable profit growth reflecting higher comparable-store sales and […]
David Goodman | Aug 15, 2012 |
Supermarket News

Zagat looking for feedback on The Pub at Wegmans

Last week Zagat, the self-proclaimed world leader in providing survey-based information for restaurants, blogged about The Pub at Wegmans, which is now open in Malvern, King of Prussia and Collegeville, PA. The brief blog post described some of the pub’s selections, including crabcake sandwiches and Australian lamb chops, and asked for customer comments. I didn’t […]
David Goodman | Aug 15, 2012 |
Supermarket News

Pension risks run high for supermarket companies

According to a report released earlier in the week by Fitch Ratings, the “big three” supermarket chains face the largest risk of all U.S. businesses for cash flow and earnings problems due to underfunded pension plans. Fitch Ratings says that Supervalu, Safeway and Kroger’s pension plans are significantly underfunded. The ratings company also states that […]
David Goodman | Aug 02, 2012 |
Supermarket News

NJ's first Walmart supermarket coming to Hawthorne

NorthJersey.com reported last week that the first Walmart Neighborhood Market in New Jersey will be in Hawthorne. According to the story, Walmart signed a lease for 42,000 square feet at 204 Wagaraw Road, and the property will include additional retail. The story describes Hawthorne as a middle class suburban town about 16 miles from New […]
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 […]

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