RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | May 24, 2012 |

Traditional supermarkets lost stores in 2011, high-end grocers added stores

Supermarket powers Safeway, Kroger and Supervalu closed more traditional stores than they opened last year, while higher- and lower-end stores continued to add stores.   Safeway, which includes Genuardi’s in the Greater Philadelphia region, ended 2011 with 1,678 stores, a net decrease of 16 locations (22 closures and 6 openings). Kroger, the only chain of […]

David Goodman | May 14, 2012 |

SRO for "Wegmans... The Musical" in Boston suburb

About six months after Wegmans opened in Northborough, MA, which is about 40 miles east of Boston,  the town played host to “Wegmans… The Musical!” The show, written and performed by students at Algonquin Regional High School, opened last Thursday to a standing-room-only crowd of 900. It also closed, as it was a one-night-only production. […]

David Goodman | May 08, 2012 |

Whole Foods reports "best results in history"

Last week Whole Foods Market reported another outstanding quarter, “producing the best results in our company’s 32-year history,” according to Co-CEO John Mackey. For the quarter ended April 8, 2012, Whole Foods reported a profit of $117.7 million, a 31% increase over the same quarter last year. They also reported the following: Sales up 14% […]

David Goodman | May 04, 2012 |

Weis posts strong earnings, Bottom Dollar exceeding expectations

Weis Markets said yesterday that improvements in store productivity and cost controls contributed to net earnings of $20 million for its fiscal first quarter, an increase of 7.7% compared to the same period last year. In addition, sales increased 0.3% to $661.6 million, and comparable store sales improved by almost 1%. On the other hand, […]

David Goodman | May 03, 2012 |

Experts weigh in on Target's PFresh model

Tuesday’s Supermarket News story on the impact of Target’s PFresh food sections, which are in 875 Target stores and typically cover about 17,000 square feet, quoted several industry experts. Here’s a sampling: From Neil Stern, managing partner, McMillan Doolittle (Chicago): – “The way Target has set up PFresh allows it to talk about a grocery offering […]

David Goodman | Apr 30, 2012 |

Cap rates for grocery-anchored centers in low 6% range

A recent story on RetailTrafficMag.com stated that “with scores of institutional buyers looking for quality assets in primary markets, competition for class A centers is fierce and top-tier grocery-anchored shopping centers are now trading at cap rates in the low 6 percent range, while cap rates for core malls have sometimes dipped below 5 percent,” according […]

David Goodman | Apr 30, 2012 |

Weis to invest $125 million in store growth program

Weis Markets reported last week that it will invest $125 million in store growth this year, including two new stores and several major remodels. The investment represents a 25% increase over 2011. According to the company, the ongoing renovation program has reached approximately two-thirds of Weis’ 159 stores so far, and has contributed to sales […]

David Goodman | Apr 27, 2012 |

Safeway: net income increase, expects $67M gain from Genuardi's sale

Earlier this week Genuardi’s parent company Safeway reported an increase in net income for the first quarter of 2012. In addition to Genuardi’s, Safeway operates stores under the Vons, Dominick’s and Safeway banner, among others.   The company earned $72.9 million in the three months ended March 24, compared to $25.1 million during the same […]

David Goodman | Apr 18, 2012 |

Safeway stock price rises on acquisition speculation

Genuardi’s parent company Safeway saw its stock rise 7.5% last week, its largest one-week rally since 2009, on speculation of a possible acquisition. With nearly 1,700 stores, Safeway is one of the country’s largest supermarket operators. The acquisition talk was triggered by Safeway’s adoption of a vesting acceleration that may require executives to remain with […]

David Goodman | Apr 18, 2012 |

Dollar Tree adds pharmacy to FL store

Dollar General has a grocery concept, and now Dollar Tree has a store with a pharmacy. Dollar Tree recently contracted with an independent pharmacy based in Boca Raton, FL, to add a location inside a Deals stores in West Park, FL. (Deals is a Dollar Tree variety store concept.) Although there are people who have […]

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