RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | May 12, 2019 |

Sprouts plans 13 more stores for the second half of the year

Sprouts Farmers Markets announced that it plans to open 13 stores in six states during the second half of 2019. Openings are slated for Virginia, Florida, California, Maryland, North Carolina and Arizona. The company recently opened its first Pennsylvania store in Philadelphia, and a store is scheduled to open on June 5 in Marlton, which […]

David Goodman | May 12, 2019 |

Giant opens six stores in four states

Giant Food Stores announced last month that it opened six new stores in four states. Five of the stores were Shop n’ Save stores that Giant converted to Martin’s Food Markets, and one was a newly constructed Giant to replace a closed store nearby. Giant acquired the Shop n’ Save locations from Supervalu last November […]

David Goodman | May 12, 2019 |

Walmart wins bid for liquor license in PA

Walmart submitted the top bid for a restaurant liquor license earlier this year for a store in South Union Township in southwestern Pennsylvania. It’s the first liquor license in PA for Walmart, assuming the company files the required application and is awarded the license. “We want Walmart customers in Fayette County to save money so […]

David Goodman | May 06, 2019 |

Amazon still dominant, but competitors gaining ground

Nielsen reported recently that Amazon’s e-commerce lead is shrinking as major brick-and-mortar retailers like Target, Walmart and Kroger – along with e-grocery company Instacart – have outpaced Amazon in percentage growth of online consumer packaged good (CPG) purchases. In the two-year period beginning in January 2017, the number of e-commerce buyers of grocery and other […]

David Goodman | May 06, 2019 |

Lidl applies for $9.5 million in PA redevelopment grants

It was revealed last month that Lidl is seeking $9.5 million in Pennsylvania redevelopment grants for six stores, three of which are planned for Philadelphia – South Columbus Blvd. in South Philly, Butler Street in Port Richmond, and Roosevelt Blvd. in Northeast Philly. The three other stores Lidl is seeking grants for are in Dover […]

David Goodman | May 05, 2019 |

Lyft to expand Grocery Access Program

Lyft announced recently that is plans to expand its Grocery Access Program, which provides affordable rides to grocery stores for families in underserved areas. After a successful pilot program in Washington, D.C., the effort will spread to 14 more markets: Atlantic City, NJ; Baltimore; Chicago; Columbus, OH; Detroit; Indianapolis; Los Angeles; Miami; Philadelphia; Phoenix; Portland, […]

David Goodman | May 05, 2019 |

Walmart to spend $83 million on PA remodel this year

Walmart announced last month that it plans to spend approximately $83 million this year to remodel 15 Pennsylvania stores. Stores set for improvements include locations in Harrisburg, Philadelphia and Quakertown, among others. The $83 million planned for Pennsylvania stores is part of about $11 billion in total capital expenditures planned by the company in fiscal […]

David Goodman | May 05, 2019 |

Artificial Intelligence on display at Walmart Intelligent Retail Lab

Walmart opened its new Intelligent Retail Lab last week inside a 50,000 square foot Neighborhood Market grocery store in Levittown, NY, which is on Long Island. According to the company, the store will test new, innovative ideas with the help of artificial intelligence-enabled cameras, interactive displays and a massive data center (in full view of […]

David Goodman | May 05, 2019 |

Weis to spend $109 million on capital expenditures this year

Weis Markets announced late last month that the company plans to invest $109 million in capital expenditures during 2019. The investments are slated for new stores, remodels, supply chain improvements and technology upgrades. In the same announcement, a Weis executive said that sales rose to a record $3.5 billion in 2018, with comparable-store sales increasing […]

David Goodman | Mar 31, 2019 |

Whole Foods and Instacart end partnership, 56 workers let go

Whole Foods and Instacart announced earlier this month that the two companies have “mutually agreed” to end their delivery services partnership, effective May 15. As a result, 56 Philadelphia-area workers have been laid off. The end of the Whole Foods – Instacart relationship did not come as a surprise to industry analysts, many of whom […]

David Goodman

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

Call David