RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Nov 11, 2022 |
Supermarket News

Weis Markets posts strong third quarter sales

Weis Markets announced third quarter earnings this week, highlighted by robust sales gains. For the quarter ended September 24, net sales reached $1.15 billion, up 8.2% from the same period a year earlier. The company noted that the net sales gain reflects, in part, retail price inflation in grocery, fuel and fresh product categories. Excluding […]
David Goodman | Oct 31, 2022 |
Supermarket News

C-Store execs want more fresh food, better checkout options

A recent report found that convenience store executives are adopting new strategies – like ramping up fresh food offerings and embracing flexible, speedy checkout processes – to stay relevant and keep up with grocery and general merchandise retailers. The study, conducted in September, surveyed 128 convenience retail executives in the U.S. It was conducted by […]
David Goodman | Oct 30, 2022 |
Supermarket News

Groundbreaking anniversary nears for Atlantic City ShopRite with no visible progress

It’s been 11 months since state and local officials – including Governor Phil Murphy – broke ground on the new ShopRite on Baltic Avenue in Atlantic City, but not much has happened since, at least not visibly. At the time, Governor Murphy said he was told by ShopRite Operator Bill Sumas the store would be […]
David Goodman | Oct 30, 2022 |
Supermarket News

Aldi piloting full e-commerce website

Aldi announced last week that it is working with e-commerce specialist Spryker Systems to significantly enhance its website with the goal of transforming it from information-only to a fully transactional e-commerce site. The company said a new digital platform is currently being tested with a group of U.S. customers and is slated to roll out […]
David Goodman | Oct 19, 2022 |
Supermarket News

Kroger-Albertsons merger would create a company that could rival Walmart and Amazon

The Kroger-Albertsons merger announcement was a surprise to many and faces high regulatory hurdles. Some say “it’ll never happen” while others aren’t so pessimistic as long as the two companies make the appropriate – and difficult – decisions in terms of divestitures and closures. In an article posted yesterday, Russell Redman of Supermarket News detailed […]
David Goodman | Oct 13, 2022 |
Supermarket News

Kroger in talks with Acme's parent company about a merger

Kroger, the nation’s largest supermarket operator, and Acme Markets parent company Albertsons are in talks about a merger, according to multiple reports. Bloomberg News, which first reported the news, said a deal could be reached as early as this week. Acme currently operates 164 stores in Pennsylvania, New Jersey, Delaware, New York, Connecticut and Maryland. […]
David Goodman | Sep 27, 2022 |
Supermarket News

Employees at Brooklyn Trader Joe's may unionize

According to reports, employees at a Trader Joe’s grocery store in Williamsburg, Brooklyn are petitioning to unionize. This effort follows two other Trader Joe’s locations – in Massachusetts and Minnesota – that have unionized this year. Employees at the Williamsburg store claim that working conditions are poor, and that they are experiencing racial discrimination and […]
David Goodman | Sep 26, 2022 |
Supermarket News

Costco posts top line growth, plans for 25 new warehouse clubs in '23

Costco reported double-digit net sales growth for its fiscal fourth quarter and full year, with shopping frequency up 7.2% worldwide (up 5.2% in the U.S.) during the fourth quarter as compared to the same quarter last year. According to the company, the best performing core categories for the quarter were candy, frozen, kiosks, lawn and […]
David Goodman | Sep 21, 2022 |
Supermarket News

New Whole Foods CEO wants to add 50 stores

Jason Buechel began his tenure as Whole Foods CEO on September 1 by laying out his vision for the Amazon-owned grocer, a vision that includes adding 50 new stores to the company’s 534-store footprint. “Together, we’ll set bold long-term goals and build upon our industry-leading standards,” Buechel wrote in a letter to Whole Foods team […]
David Goodman | Sep 19, 2022 |
Supermarket News

Sprouts to open in South Philly's Quartermaster Plaza

According to multiple reports, Sprouts Farmers Market has signed a lease to open in South Philadelphia’s Quartermaster Plaza. It will be the grocer’s second location in the city; Sprouts opened about four years ago at Lincoln Square along South Broad Street. Sprouts is best known for its fresh produce and bulk foods, along with a […]

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