RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | May 14, 2017 |
Supermarket News

Aldi reacting to Walmart's efforts to become low price leader

Recent reports say that Aldi is responding to Walmart’s aggressive pricing in an effort to remain the nation’s overall grocery price leader. Aldi’s adoption of a more flexible pricing strategy comes as the company plans to spend $1.6 billion on store remodels (see “Aldi remodeling stores ahead of Lidl openings“) and open about 400 new stores […]
David Goodman | May 14, 2017 |
Supermarket News

Whole Foods annouces plan to regain sales and reverse stock plunge

Earlier this week Whole Foods announced several major changes in an effort to reverse poor results and a sagging stock price. The changes include new board appointments as well as a plan to slash costs and regain sales and earnings momentum. Initiatives include the following: Accelerating an affinity loyalty rollout to all U.S. stores Completion of […]
David Goodman | May 14, 2017 |
Supermarket News

Kroger to debut new convenience store concept

Kroger, the largest traditional grocer in the U.S., announced last week that it has a new convenience store concept called Fresh Eats MKT. A location for the store is planned for Ohio, and Supermarket News reported that the company may rebrand existing convenient stores currently under their Turkey Hill banner. According to Supermarket News, an Instagram […]
David Goodman | May 14, 2017 |
Supermarket News

Sprouts Farmer's Market coming to Philly, South Jersey

Sprouts Farmers Market, an organic and natural foods grocer with 268 stores in 15 states, is reportedly planning on a new store in Philadelphia, PA and Moorestown, NJ. Both stores would represent the first in each state. The Philadelphia store is planned for Lincoln Square at Broad Street and Washington Avenue in South Philadelphia, a mixed-use development that Kimco […]
David Goodman | May 14, 2017 |
Supermarket News

Weis adding stores, to spend $90M on CapEx

Weis Markets announced at their annual meeting last month that they are planning on one new store for 2017 and seven new stores for 2018, as well as several remodels and two new fuel centers. The company has planned for about $90 million in capital expenditures this year. In 2016, Weis purchased five Mars Super Market stores and […]
David Goodman | May 08, 2017 |
Supermarket News

Reports say Albertsons looking to acquire Whole Foods

It has been widely reported in the last couple weeks that Albertsons has been exploring a takeover of Whole Foods, which is reportedly exploring the possibility of a sale. The speculation comes just a couple weeks after Whole Foods investor Jana Partners raised concerns about Whole Foods’ management. Earlier this year there were reports that […]
David Goodman | May 08, 2017 |
Supermarket News

Fresh Market trying to become a more mainstream grocer

The Fresh Market announced in late April that it plans to close five stores. At the same time, the company is continuing its effort to become a more mainstream grocer with the rollout of new stores in South Carolina and Florida that feature an updated look and more everyday grocery items. The stores slated for […]
David Goodman | May 06, 2017 |
Supermarket News

7-Eleven buys over 1,000 units, beefs up East Coast presence

The parent company of 7-Eleven announced last month that it had agreed to acquire 1,108 Sunoco-operated gas stations and convenience stores for $3.3 billion (nearly $3 million per store). The deal, which does not include Sunoco’s A-Plus stores operated by franchisees, would provide 7-Eleven with heavy concentrations of stores in Texas and the East Coast. […]
David Goodman | May 06, 2017 |
Supermarket News

Real estate experts question Lidl's planned store locations

Real estate experts that spoke with Supermarket News last month expressed skepticism over Lidl’s real estate choices. Douglas Munson and John Tippetts, former Kroger real estate staffers and co-founders of MTN Retail Advisors, said that about 70% of what they identified as the first 75 stores that Lidl intends to open lack the ingress and egress […]
David Goodman | May 06, 2017 |
Supermarket News

Aldi remodeling stores ahead of Lidl openings

In February, Aldi reported that it would spend $1.6 billion to remodel stores and expand its perishables offering. More recently, reports indicate that the company is focusing on areas where Lidl is expected to open stores in the next 6-12 months. For example, The Charlotte Observer reported that Aldi plans to spend $48 million to […]

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