RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Nov 17, 2011 |
Supermarket News

Wegmans to open store in Montgomeryville, PA

Simon Property Group, owner of the Montgomery Mall in Montgomeryville, PA, announced yesterday that it has signed an agreement with Wegmans to open in the former Boscov’s space. According to Wegmans, the Boscov’s space will be demolished, and the supermarket will be built in its place but will not connect to the mall. A timeframe […]
David Goodman | Nov 17, 2011 |
Supermarket News

Target stores with Pfresh reach 875; more advertising coming soon

In a conference call with analysts yesterday, Target said they are continuing to see good results with their Pfresh rollout. With this success, and with greater market density, the company said they will soon be able to advertise its grocery offering to the market in a broader fashion, rather than simply “geo-targeting” around stores that […]
David Goodman | Nov 15, 2011 |
Supermarket News

Supervalu seen by many as prime takeover target

In the last week I’ve seen the following headlines and stories: Supervalu rumored as takeover target as groceries consolidate (Minneapolis / St. Paul Business Journal) Grocery M&A to rise; Supervalu seen as target (Reuters) Albertsons on its last legs? (LAobserved.com) According to Thomson Reuters data, dealmaking in the grocery sector is up 34% this year […]
David Goodman | Nov 11, 2011 |
Supermarket News

Costco spends $22 million to privatize liquor sales in Washington

A ballot measure that would allow grocery stores and warehouse clubs to sell liquor in Washington state beginning June 1, 2012 passed earlier this week. A bill that will allow the privatization of liquor sales in Pennsylvania has been talked about for some time, but many feel it’s unlikely such a measure will pass here […]
David Goodman | Nov 08, 2011 |
Supermarket News

Supervalu trying to connect via social media

When thinking of supermarkets at the forefront of something – customer service, competitive pricing, new formats, etc. – we typically think ShopRite, Wegmans, Whole Foods, and perhaps even Walmart. But Supervalu? As it relates to social media, yes. As Supermarket News Editor-in-Chief David Orgel reported yesterday, Supervalu is proactively embracing Facebook, Twitter and even Yammer, a […]
David Goodman | Nov 04, 2011 |
Supermarket News

Whole Foods, Wakefern reach sales milestones; A&P has deal to exit bankruptcy

Whole Foods Market announced earlier this week that sales for the fiscal year ending September 25 rose 12.2% compared to the previous year and passed the $10 billion mark. During the fiscal year comparable-store sales rose 8.4% and net income increased 39.4% to over $343 million. For the fourth quarter, the company’s sales rose 12.2% compared […]
David Goodman | Oct 28, 2011 |
Supermarket News

Amazon launches online grocery business through Soap.com

Amazon.com announced earlier this week that it has launched an online grocery business through Quidsi, an online retailer the company purchased last year for $545 million. The website is Soap.com, which sells “everyday essentials” and currently has about 7,000 grocery products. According to Quidsi, the number of grocery products will increase to 10,000 in a […]
David Goodman | Oct 25, 2011 |
Supermarket News

Supervalu slows pace for new Save-A-Lot stores

In a conference call with analysts and investors last week, Supervalu CEO Craig Herkert said the company plans to revise the pace of new Save-A-Lot store openings in the near term. Rather than the 160 new stores that were previously announced for the current fiscal year, Herkert said they expect to add 80 or 90 […]
David Goodman | Oct 21, 2011 |
Supermarket News

Supervalu surprise - 2nd quarter profit!

Supervalu (Acme, Save-A-Lot) announced last week that it posted a $60 million profit for its second quarter, compared to a $1.47 billion loss for the same quarter a year ago. President and CEO Craig Heckert cited game-themed promotions that were successfully tested in Philadelphia-area Acme stores as a contributor to the company’s success. Despite the profit, […]
David Goodman | Oct 21, 2011 |
Supermarket News

ShopRite expanding to Northern New York and Maryland

As Food Trade News declared in its annual Market Study issue, ShopRite has become the dominant grocery retailer in Northern New Jersey, the Delaware Valley and Greater Philadelphia. And as the Supermarket News reported last week, ShopRite is now competing in new markets. In recent weeks the company opened its first store in the Albany, […]

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