RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jun 06, 2021 |
Supermarket News

Instacart adds 30-minute grocery delivery in select locations

Instacart recently announced a new “Priority Delivery” option available across more than 300 stores in 15 of the largest US cities that provides delivery in as fast as 30 minutes. The service is available from participating stores including Sprouts Farmers Market, Safeway and Ralph’s in cities including Chicago, Los Angeles, Miami, San Diego, San Francisco […]
David Goodman | Jun 06, 2021 |
Supermarket News

Weis upgrades stores in the Lehigh Valley, plans for $135M in CapEx

Weis Markets recently replaced two stores in Pennsylvania’s Lehigh Valley with new, larger supermarkets. A 63,000 square foot store opened on May 13 at the Westgate Mall in Bethlehem where The Bon-Ton department store used to be, and a 68,000 square foot store opened on May 20 in Lower Macungie across the street from a […]
David Goodman | May 08, 2021 |
Supermarket News

Giant's Heirloom Market to open in former Strawbridge's building

It was reported yesterday that Giant plans to open an Heirloom Market on the ground floor of the historic Strawbridge’s building on Market Street in Philadelphia. The 32,000 square foot store is slated to open before the end of the year. The section of the ground floor that the market will occupy is being purchased […]
David Goodman | Apr 27, 2021 |
Supermarket News

Whole Foods to phase in Amazon's palm-scanning payment service

Amazon announced last week that it plans to bring its palm-scanning Amazon One contactless payment system to Whole Foods Market, starting with eight stores in Seattle. With the technology, customers simply have their palms scanned to present their loyalty cards and provide payment. In addition to its use in stores, Amazon said the technology can […]
David Goodman | Apr 22, 2021 |
Supermarket News

Kimco-Weingarten deal underscores the value of grocery-anchored centers

Kimco Realty and Weingarten Realty Investors announced last week that Kimco plans to purchase Weingarten for $3.87 billion. The result of the transaction will be a combined national portfolio that includes 559 open-air grocery-anchored shopping centers and mixed-use developments that encompass about 100 million square feet of gross leasable area (GLA). Both companies expect the […]
David Goodman | Apr 21, 2021 |
Supermarket News

CVS steps up in-store food offerings

CVS announced that it has significantly expanded its offerings in the frozen food and prepared foods categories. Select stores now carry an increased assortment of brands from Beyond Meat, Bird’s Eye, Ore-Ida and Amy’s Kitchen. In addition, fresh prepared foods and other refrigerated grab-and-go options are available in select stores. CVS said that more than […]
David Goodman | Apr 18, 2021 |
Supermarket News

Alternative grocery sales surpass supermarket sales

Alternative grocers like Amazon/Whole Foods, Walmart, Target, Aldi, warehouse clubs, dollar stores and pharmacies now comprise a majority of U.S. grocery sales. As a result, supermarkets are no longer the primary grocery store for a majority of Americans, according to a Supermarket News article by Scott Moses, managing director and head of grocery, pharmacy and […]
David Goodman | Apr 17, 2021 |
Supermarket News

Prickett Preserve, Wegmans approved in Lower Makefield

The Lower Makefield (Bucks County) Board of Supervisors voted earlier this month to approve the Prickett Preserve at Edgewood, a mixed-use development that will include Wegmans along with several retail and dining establishments, as well as public space and upscale residences. The development, a joint project by Equus Capital Partners, Envision Land Use and DeLuca […]
David Goodman | Apr 11, 2021 |
Supermarket News

Grocers have spent $24 billion on pandemic-related expenses

Grocers have spent approximately $24 billion on pandemic related expenses since March 2020, including safety, workforce and technology investments, according to a report from FMI that was written about in Chain Store Age. The report is called Receipts from the Pandemic: Grocery Store Investments Amid COVID-19 and the Resulting Economics of an Essential Industry. FMI […]
David Goodman | Apr 03, 2021 |
Supermarket News

Trader Joe's hasn't seen a pandemic sales surge

A cover story in the March/April issue of Produce Blueprints Magazine pointed out that although Trader Joe’s was “proactive and nimble ” in protecting its employees and customers during the pandemic, the company did not experience the same surge in sales as other grocery stores. Phil Lempert, a retail consultant for Supermarketguru.com, cited the number […]

David Goodman

David leases high-quality shopping centers, represents select retail clients and sells vacant bank properties.

Call David

1.484.417.2219

Envelope Linkedin-in Instagram