RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | May 11, 2018 |
Supermarket News

A&P sells off intellectual property

The Great Atlantic & Pacific Tea Co., which entered bankruptcy nearly three years ago before closing all of its stores, sold “substantially all of its intellectual property assets,” which consist of its store banners and private labels. Hilco Streambank, a company retained by A&P in 2015, announced that it brokered the sale of 23 A&P […]
David Goodman | May 11, 2018 |
Supermarket News

Giant expands Peapod service in PA

Giant announced last week that Peapod’s shopping and delivery services have become available to customers in a dozen new Pennsylvania zip codes, including stores in Reading, Birdsboro and Temple. The company says that 109 of the 170 stores under the Giant and Martin’s banners are now within the geography of Peapod’s delivery range. Through the […]
David Goodman | May 06, 2018 |
Supermarket News

Grocery store openings fell sharply in 2017

According to an annual “Grocery Tracker” report from JLL, grocery store openings dropped 28.8% in 2017 compared to the previous year. The report states that the decline reflects chains’ efforts to reexamine their current footprints and rethink strategies to deal with new online and brick-and-mortar competition. JLL said that California led the way in 2017 […]
David Goodman | May 06, 2018 |
Supermarket News

Giant adding stores and fuel stations in PA

Ahold Delhaize USA announced last month that Giant will undertake a $70 million capital spending plan that includes six new supermarkets, major remodels to two stores, and five new fuel stations in the next two years. New stores are planned for East Stroudsburg and Walnutport, and new stores will replace older locations in Feasterville-Trevose, State […]
David Goodman | May 06, 2018 |
Supermarket News

Amazon remains the low price online grocery leader, but Walmart is closing in

A study conducted by e-commerce specialist Profitero claims that Amazon remains the low price online grocery leader by a slim margin over Walmart. Profitero’s “Price Wars: Grocery, Household & Beauty” report found that Walmart.com’s grocery prices average 1.8% more than Amazon’s. Target ranked third in the study with Walmart’s Jet.com coming in fourth. “With consumer […]
David Goodman | May 06, 2018 |
Supermarket News

ShopRite to open second Bensalem store if landlord squabble resolved

Reports say that ShopRite may soon take 75,000 square feet of the vacant KMart in Bensalem, PA. According to a recent report in the Bucks County Courier Times, township council members approved plans for the grocery store on the condition that ShopRite operator Brown’s Superstore, Brookwood Shopping Center landlord Katz Properties, and neighboring landlord Korman […]
David Goodman | Apr 30, 2018 |
Supermarket News

Supermarkets lead customer experience survey; Wegmans tops all companies

The Temkin Group, a research and consulting firm, said earlier this month that its 2018 Temkin Experience Ratings survey of 10,000 U.S. shoppers revealed that supermarkets were tops in customer experience ratings among 20 industries evaluated. Supermarkets posted a rating of 78.5%, up from 78.1% in 2017. The industries near the top of the list […]
David Goodman | Apr 30, 2018 |
Supermarket News

Upper Darby shopping center owner to propose $120 million renovation

Drexeline Shopping Center, an Upper Darby, PA retail center built in the 1950’s, will undergo a $120 million renovation, according to property owner MCB Real Estate. The new center will feature a redesign for current tenants like ShopRite, Crozer-Keystone Medical Center, PNC and Wells Fargo, and the addition of a Wawa Superstore, new office building, […]
David Goodman | Apr 30, 2018 |
Supermarket News

Sprouts confirms South Philly store but isn't coming to South Jersey

Sprouts Farmers Market announced that its first Pennsylvania store, under construction in South Philadelphia, will open before the end of the year. The 32,000 square foot store will be part of Kimco Realty’s Lincoln Square development that includes Target, PetSmart and approximately 350 apartments. It had been reported since last spring that Sprouts was coming […]
David Goodman | Apr 29, 2018 |
Supermarket News

Amazon considering Whole Foods stores to aid distribution efforts

A recent report stated that Amazon “is betting on its online delivery business by investing in bigger Whole Foods Market locations across the U.S.” These larger Whole Foods stores (50,000 – 80,000 SF, according to a Bloomberg report) would include storage facilities that could hold electronics, books and fitness gear from Amazon.com. It’s unclear at […]

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