RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Mar 26, 2012 |
Supermarket News

Swiss Farms debuts drive-up grocery

The first of five Swiss Farms stores planned for Charlotte, NC that feature a drive-up grocery opened last week. According to its website, the company, based in Broomall, PA, “has been a drive-thru tradition of quality and convenience since 1968.” In addition to the new location in North Carolina, there are currently 13 Delaware County […]
David Goodman | Mar 16, 2012 |
Supermarket News

Walmart to reportedly lower grocery prices

Although Walmart officials remain mum on the subject, several publications have reported that the world’s largest retailer is determined to regain its image as the low price grocery leader and lure back customers who are frequenting dollar stores and discount grocery chains. The speculation is that Walmart is putting pressure on its food suppliers to […]
David Goodman | Mar 14, 2012 |
Supermarket News

A&P emerges from bankruptcy as private company

In a statement today, A&P said it emerged from bankruptcy as a private company, having completed a court-approved financial restructuring. It had filed for bankruptcy in December 2010. The company said that JPMorgan Chase and Credit Suisse arranged for $645 million in exit financing. A&P also said that it assembled a new management team, refurbished […]
David Goodman | Mar 13, 2012 |
Supermarket News

Genuardi's - Giant conversion to take three weeks

Speaking about the conversion of 16 Genuardi’s stores to Giant supermarkets in a recent interview with Supermarket News, Ahold USA COO Carl Schlicker said he anticipates that “from the time we’re able to start we’ll have them converted within three weeks.” He explained the general strategy for the stores as returning to “some of the […]
David Goodman | Mar 13, 2012 |
Supermarket News

Whole Foods to open tomorrow in Glen Mills

The eagerly awaited Whole Foods Market is set to open tomorrow in Glen Eagle Square Shopping Center on Westchester Pike in Glen Mills, about a mile down the road from where a Wegmans is scheduled to be built. The Whole Foods Market will be approximately 38,000 square feet and will feature the Brew & Brau […]
David Goodman | Mar 12, 2012 |
Supermarket News

The Fresh Market to add 14-16 new stores this year

The Fresh Market, which has three stores in the Greater Philadelphia Region (Center Valley, Glen Mills, Horsham; all in PA), announced last week that it plans to add 14 to 16 new stores in fiscal 2012. It is expected the expansion will take place within their existing markets, and possibly even California, where they do […]
David Goodman | Mar 12, 2012 |
Supermarket News

Pathmark to close South Jersey store

A&P, whose plans to emerge from bankruptcy were approved last month, announced last week it is closing its Pathmark store in Lawnside, NJ next month. The company cited the store’s lease expiration as the reason for the closing.
David Goodman | Mar 06, 2012 |
Supermarket News

Analyst thinks Safeway and Kroger could get takeover offers

A story yesterday on SeekingAlpha.com concludes that Kroger can expect takeover offers in the near future, and that Safeway is also worthy of consideration. Regarding Kroger, the nation’s largest retail supermarket chain, the article says “the company has delivered top-line growth every year since 1987, but is still cheaper than 99% of companies listed in […]
David Goodman | Mar 02, 2012 |
Supermarket News

Target plans on 230 new P-fresh grocery sections in 2012

Target completed about 400 P-fresh remodels in 2011 and plans to slow the pace this year to about 230 stores. A P-fresh remodel greatly expands the grocery offering in a traditional Target store. According to the company, last year’s remodeling efforts were largely in high-volume stores in urban and suburban locations, and they are now […]
David Goodman | Mar 02, 2012 |
Supermarket News

Supermarkets selling less than half the nation's groceries

I read an article in the March issue of Shopping Centers Today this morning about food shopping. It had a number of interesting tidbits: Low-income shoppers typically buy 45% of household groceries at a traditional supermarket, 38% at a mass merchandiser (ex. Walmart), and the rest elsewhere (dollar store, drug store, etc.). Shoppers with incomes […]

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