RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Apr 06, 2020 |
Supermarket News

Kroger sales increase 30% in March

The Kroger Co., which operates nearly 3,000 supermarkets in the U.S. and is the largest traditional supermarket chain in the country, reported last week that it experienced a 30% surge in store sales for March as compared to the same month in 2019. Not surprisingly, the increase was caused by Americans staying home and stocking […]
David Goodman | Apr 06, 2020 |
Supermarket News

Save-A-Lot cuts debt, secures $350 million in new capital

In an effort to help fund its business transformation plan, discount grocer Save-A-Lot has secured $350 million in new capital. The company, owned by Canadian private equity firm Onex Corp., said last week that it completed a transaction that cut about $500 million in debt and brought an infusion of $350 million from lenders. Save-A-Lot […]
David Goodman | Apr 02, 2020 |
Supermarket News

Giant Food parent to provide $10 million coronavirus relief package

Alhold Delhaize USA, the parent company of East Coast supermarkets Giant Food, Stop & Shop, Food Lion and Hannaford, announced this week that it plans to donate $10 million in the form of a relief package to address critical needs in the wake of the coronavirus pandemic. The company plans to distribute the funds in […]
David Goodman | Apr 02, 2020 |
Supermarket News

Walmart to take employee temperatures upon arrival for work

Walmart, which employs 1.4 million hourly workers, announced this week that it will begin taking the temperatures of associates as they report to work in stores, clubs and facilities. Any employee that has a temperature of 100 degrees or higher will be paid but asked to return home and to seek medical treatment, if necessary. […]
David Goodman | Mar 26, 2020 |
Supermarket News

Walmart, Target making big investment in employees during pandemic

Walmart announced plans to pay U.S. hourly workers a cash bonus as part of a $550 million package in support of their work during the coronavirus pandemic, and Target announced that it will invest over $300 million in an hourly wage increase, bonus payments, paid leave and an employee relief fund. Walmart said it will […]
David Goodman | Mar 26, 2020 |
Supermarket News

Instacart to hire 300,000 personal shoppers as demand rises

With COVID-19 cases mounting nationwide and order volume increasing 150% year over year in recent weeks, Instacart announced that it will hire 300,000 additional full-service personal shoppers over the next three months. The hiring push will significantly increase the size of the company’s personal shopper community. The hiring will focus on states with the highest […]
David Goodman | Mar 26, 2020 |
Supermarket News

Village Super Market and Amazon awarded stores in Fairway Market auction

Yesterday I wrote that Amazon had bid on four Fairway Market stores (Amazon bids on Fairway Market stores in NY and NJ), along with bids from ShopRite operator Village Super Market and Food Bazaar operator Bogopa. In all, Fairway Markets, which had filed for Chapter 11 bankruptcy, operates 14 stores in New York City, Long […]
David Goodman | Mar 24, 2020 |
Supermarket News

Amazon bids on Fairway Market stores in NY and NJ

The New York Post reported that Amazon has made bids for four Fairway Market stores. The stores are in Brooklyn and Pelham Manor, NY, and Woodland Park and Paramus, NJ. Fairway Market recently filed for Chapter 11 bankruptcy. Two supermarket operators previously made bids on Fairway stores. Bogopa, which operates 26 Food Bazaar supermarkets in […]
David Goodman | Mar 24, 2020 |
Supermarket News

Modern food distribution system not yet able to handle coronavirus

In the last few years, a “shipping revolution” has caused the food industry to prepackage food products at the factory, according to Jeffrey Tucker of Tucker Company Worldwide, a NJ-based logistics firm. Just the right amount of food is prepackaged for restaurant deliveries, and just the right amount is prepackaged for grocery stores. The system […]
David Goodman | Mar 19, 2020 |
Supermarket News

Whole Foods giving raises, supermarkets reacting to coronavirus

Grocery stores are seeing high levels of customer activity with both the reasonable and panicked reactions to the coronavirus. Cleaning supplies and toilet paper (really?) are of particular interest to consumers. Some stores seem to be restocking better than others. Earlier this week Whole Foods announced that it’s giving hourly employees a $2 per hour […]

David Goodman

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