RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Apr 01, 2021 |

Albertsons and Google partner to enhance interactive shopping experience

One week after Albertson’s President and CEO Vivek Sankaran said that he could see online grocery reaching 20% of sales, it was announced this week that Albertsons and Google have partnered to bring more efficiency to customers both online and in-store. The multiyear pact includes efforts to integrate Google Search and Maps to help shoppers […]

David Goodman | Mar 31, 2021 |

New Target, Trader Joe's and Wegmans stores coming soon to Delaware

Residents of Delaware’s New Castle County will have more grocery choices in the near future. Target, Trader Joe’s and Wegmans are all on track for openings this year or next. Target According to a recent statement by Target Spokesperson Jill Lewis, “Our Wilmington Prices Corner Target store is planned to open this spring.” Since then, […]

David Goodman | Mar 21, 2021 |

See what the hourly wages are at Philly supermarkets

With Lidl’s recent announcement that it plans to raise the minimum wage to $15 per hour in several cities including Philadelphia, billypenn.com published an article last week that outlined what other grocery chains inside Philadelphia’s city limits are currently paying. Lidl – as mentioned, they plan to raise the base pay to $15 per hour. […]

David Goodman | Mar 14, 2021 |

Amazon "quietly building a national grocery chain"

Bloomberg reported on Thursday that Amazon is “quietly building a national grocery chain,” saying that at least 28 Amazon Fresh supermarkets are in the works. The report claimed that Philadelphia is a target market, which is a poorly kept secret in Greater Philly real estate circles. (Here’s my blog from last October about Amazon grocery […]

David Goodman | Mar 14, 2021 |

Lidl to increase starting hourly wage to $15 in Philly and PA suburbs

Lidl announced earlier this month that it plans to raise the starting pay for all hourly employees in the Philadelphia area to $15 an hour, effective April 15. Currently the company has two stores open in Philadelphia, plus suburban Philly stores in Folsom, Royersford, Norristown, Lansdale, and Exton. There are several more in other PA […]

David Goodman | Mar 02, 2021 |

Lidl and Grocery Outlet open new stores in suburban Philly

Lidl opened its doors in Main Street at Exton in West Whiteland, PA last week. The 20,000 square foot store is in a portion of the space formerly occupied by Babies R Us. It’s Lidl’s 11th Pennsylvania store. Last week also saw the opening of Grocery Outlet Bargain Market in Swede Square Shopping Center, East […]

David Goodman | Feb 22, 2021 |

Giant's two-level store to open in Philly's Riverwalk development

Giant announced that its 65,000 square foot, two-level “flagship” store in Philadelphia will open on March 19. The store will serve as the centerpiece of the Logan Square neighborhood’s Riverwalk mixed-use development, and operate below 25 floors of apartments whose occupants will have a private elevator into the second floor sales area. The Giant lobby […]

David Goodman | Feb 14, 2021 |

Price Chopper to merge with Tops Markets

Price Chopper and Tops Markets announced last week that they plan to merge and create a chain with nearly 300 supermarkets in six states. The new parent company will have more than 30,000 employees and be based in Schenectady, NY, with Price Chopper President and CEO Scott Grimmett serving as CEO. Tops is currently based […]

David Goodman | Feb 14, 2021 |

ShopRite closing 62 in-store pharmacies

Wakefern announced last month that it plans to close pharmacies in 62 ShopRite stores in New Jersey, Pennsylvania, Delaware, Maryland, New York and Connecticut. The in-store pharmacies have struggled in recent years as prescriptions by mail and the lack of expanded services like in-store clinics and patient counseling have negatively impacted their businesses. The closings […]

David Goodman | Feb 14, 2021 |

Aldi to open 100 new stores, add 500 more curbside pickup sites in 2021

Aldi announced last week that it plans to open about 100 new stores this year and extend curbside pickup to 500 more stores. The discount grocer said the expansion will be “coast to coast” and focus on Arizona, California, Florida and the Northeast. Aldi opened nearly 100 stores last year and now operates more than […]

David Goodman

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

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