RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Mar 01, 2012 |
Supermarket News

Nonprofit grocery store to open in Chester, PA

Philabundance, the Delaware Valley’s largest hunger relief organization, recently announced plans to purchase a building that will house a food center called “Fare and Square” in Chester, PA. The 21,000 square foot nonprofit grocery store will be located in an area that hasn’t had a full-fledged supermarket for more than a decade. It will provide […]
David Goodman | Feb 29, 2012 |
Supermarket News

Safeway to count on non-core businesses for income growth

We’re used to hearing about struggling companies disposing of non-core businesses in order to concentrate on what they know and do best. However, Safeway announced last week that with supermarkets being a relatively low-growth endeavor these days, adding more non-core businesses will enable it to grow operating income. Examples of non-core activities for Safeway include […]
David Goodman | Feb 29, 2012 |
Supermarket News

Bottom Dollar to open 8 more stores in New Jersey

About a month after Bottom Dollar opened 14 new stores in the Pittsburgh, PA and Youngstown, OH markets (see “related blog posts” below), the company announced yesterday that it would open eight new locations in New Jersey. The new stores will all be in the Central and Southern part of the state. New stores opening Friday, March […]
David Goodman | Feb 27, 2012 |
Supermarket News

Panera's pay-what-you-can concept to expand

A story in the Detroit Free Press last week detailed the success of the three Panera Cares Cafes in Michigan, Missouri and Oregon. I hadn’t heard of them, and was a bit surprised to read about Panera locations where you can pay the suggested price, pay more, pay less, or pay nothing at all. From […]
David Goodman | Feb 23, 2012 |
Supermarket News

Save-A-Lot store count on the rise in PA

At one point last year Save-A-Lot parent company Supervalu said the company would open 160 new Save-A-Lot stores in the next year. They backed off that number in the fall, revising it to 80-90 new stores. This growth has been evident in Pennsylvania, where four have already opened this year, and two more are planned […]
David Goodman | Feb 17, 2012 |
Supermarket News

Kimco called the best blue chip REIT by Seeking Alpha

A Seeking Alpha article earlier this week said that “many investors… will want to own blue chip REITs,” calling them a “financially sound, ‘safe’ investment.” The article went on to use Kimco, the “king of the jungle” in the retail sector with 946 properties overall, including many in the Greater Philadelphia region, as an example […]
David Goodman | Feb 13, 2012 |
Supermarket News

Weis Markets reports strong quarterly and year-end results

It’s been a busy day for Weis. Not only did they announce the purchase of three Genuardi’s stores in Pennsylvania, but they also announced their quarterly and year-end results. The Genuardi’s news can be found in more detail here, and below is a short summary of their financial results. Sales increased 11.4% for the 14-week […]
David Goodman | Feb 13, 2012 |
Supermarket News

Weis to buy three PA Genuardi's stores

PA-based Weis Markets, which operates 161 stores in five states, announced in a press release earlier today that it was buying three Genuardi’s supermarkets in Pennsylvania. The locations are Conshohocken, Doylestown and Norristown (Germantown Pike). No sale price was disclosed, and Weis said the stores would continue to operate as Genuardi’s while the deal was […]
David Goodman | Feb 09, 2012 |
Supermarket News

DDR to help small businesses through new program

DDR, owner of more than 500 shopping centers in 41 states, Puerto Rico and Brazil, announced last week the launch of Set Up Shop, an incubation program for retailers. Through this new program, the company hopes it will help create a new generation of small-shop tenants for its centers. According to DDR’s press release, Set […]
David Goodman | Feb 08, 2012 |
Supermarket News

Supervalu cutting 800 office positions this month

Less than a month after reporting a $750 million quarterly loss and having its Fitch Rating downgraded to B, Supervalu (Acme & Save-A-Lot in the Greater Philly market) announced yesterday that it would eliminate approximately 800 corporate and regional office jobs by February 25. The company is in the midst of a strategy to deliver […]

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