RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Nov 07, 2018 |

Lidl willing to lease sites, build smaller stores

Following an initial growth period that fell short of expectations, Lidl once again has a full head of steam as it searches for sites in Greater Philadelphia and beyond. When the German retailer began looking for sites a few years ago, it would only purchase property that could accommodate its 36,000 square foot freestanding prototype. […]

David Goodman | Oct 26, 2018 |

Study shows that consumers still prefer visiting supermarkets for groceries

Despite all the hype around online ordering and delivery services, a recent study conducted by TABS Analytics found that conventional supermarkets and Walmart are overwhelmingly the top destinations for regular grocery shopping. Of the 1,000 U.S. adults surveyed, 75% said traditional grocery stores were the retail venues they regularly visited to buy food and beverages […]

David Goodman | Oct 26, 2018 |

Whole Foods taking a small bite out of Trader Joe's traffic

In the past year, Whole Foods has increased foot traffic at the expense of Trader Joe’s, Walgreen’s and Dollar Tree, according to Sense360, a California-based company that tracks location data from millions of smartphone users. The data covers Whole Foods locations that are within a mile of competing stores. In addition, the number of shoppers […]

David Goodman | Oct 19, 2018 |

Trader Joe's proposed for Cherry Hill

Plans presented to Cherry Hill officials earlier this month reveal that a Trader Joe’s store is proposed for The Shoppes at Garden State Plaza. TJ Maxx and HomeGoods are proposed as well. If approved, the new stores, along with a Shake Shack restaurant, would be built on Haddenfield Road and Garden Park Boulevard, between Pier […]

David Goodman | Oct 19, 2018 |

Walmart poised to surpass Amazon as online grocery leader

A report released last week by Deutsche Bank Securities found that as a result of Walmart’s investments in e-commerce, the company may overtake Amazon in online grocery market share by the end of the year. “The retailer is reaping the returns of many years of investment in e-commerce and customer service,” said Deutsche Bank Analyst […]

David Goodman | Oct 08, 2018 |

Price Rite debuts new store designs and expanded offerings

Wakefern’s Price Rite Marketplace held grand re-openings earlier this month for stores in Bethlehem, Allentown and Secane, PA where it’s piloting new store designs, expanded fresh and private-label offerings, and enhanced price savings. The grocer also said it is now offering a larger selection of Wholesome Pantry products, which include organic and gluten-free options. The […]

David Goodman | Oct 08, 2018 |

Grocery Outlet to close Royersford, PA store

The Grocery Outlet in Royersford, PA announced that it will close on October 30, but township residents and several government and elected officials are pleading with the company to keep the store open. There is a Giant supermarket down the road, and several supermarkets in the Route 422 corridor. The Grocery Outlet currently has more […]

David Goodman | Oct 08, 2018 |

Kosher supermarket opens in Northeast Philly

The first all kosher supermarket in the Philadelphia region opened last spring on Bustleton Avenue in Northeast Philadelphia. The 13,000 square foot store offers foods like meats, pizza, sushi, breads, candy and kugel, as well as household staples like laundry detergent and paper towels. According to Lubicom Marketing Consulting, a New York firm that co-hosts […]

David Goodman | Oct 08, 2018 |

Sprouts opens in Philly

Sprouts Farmers Market opened its first Pennsylvania store last month at Lincoln Square in Philadelphia. At 32,000 square feet, the store carries about 19,000 products, 90% of which are natural or organic, according to the company. In addition, 6,100 products are non-GMO and 7,100 are gluten free. Sprouts currently operates 316 stores in 19 states. […]

David Goodman | Aug 29, 2018 |

United Natural Foods to acquire Supervalu

United Natural Foods announced that it plans to acquire Supervalu for $2.9 billion in cash. According to Supermarket News, the deal would create a large, diverse food distributor serving traditional grocery stores via Supervalu, and natural/organic product retailers though United Natural Foods, whose primary customer is Whole Foods. The acquisition is expected to result in […]

David Goodman

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

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