RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | May 06, 2017 |
Supermarket News

Decline in traffic at Whole Foods described as "staggering"

A recent Barron’s story reported that traffic at Whole Foods has declined by 3% in the past 18 months, which translates to 12 million transactions, or the equivalent of 88 lost transactions per day, per store (assuming the average customer spends $36 per store trip). “… The magnitude of the traffic declines, when discussed in […]
David Goodman | May 06, 2017 |
Supermarket News

Grocery Outlet thriving by selling national products for less

A feature story in Shopping Center Business earlier this year explained the continuing success of Grocery Outlet, a 70-year old, privately held grocery chain with 265 stores, 20 of which are in Pennsylvania. The author, Katie Sloan, points out that the company has made a name for itself by offering national brands at lower prices. […]
David Goodman | May 06, 2017 |
Supermarket News

Kroger slows pace of new stores, analysts cite over-stored market

Kroger’s plans for this year include a 35% reduction in new store development, expansions and relocations as compared to last year, according to a company filing with the SEC. Kroger has 55 projects planned for 2017, while last year it had 85. In addition, Kroger’s cap-ex plans for the year include 175 major remodels plus […]
David Goodman | Apr 20, 2017 |
Supermarket News

Shipt to begin Costco delivery service

Shipt, a delivery service headquartered in Birmingham, AL, announced late last month that it would start delivering Costco products to customers in Tampa, FL, with plans to expand Costco service to 50 markets by the end of the year. Shipt says it is already working with Whole Foods, H-E-B, Harris Teeter and Meijer. For a […]
David Goodman | Apr 20, 2017 |
Supermarket News

Fresh Grocer, UPenn in litigation over Acme deal in University City

The Philadelphia Business Journal reported last week that Acme signed a lease with the University of Pennsylvania for a 34,500 square foot store on Walnut Street in University City. However, Fresh Grocer currently operates a store there and doesn’t plan to leave, even though Penn notified them that their lease expired on March 31. Penn’s […]
David Goodman | Mar 27, 2017 |
Supermarket News

Wegmans plans openings for two NJ stores

Wegmans announced that new stores in Hanover, NJ and Montvale, NJ will open this year on July 23 and September 24, respectively. Each store will feature a Burger Bar, which is Wegmans’ in-store restaurant counter. They will also have wine, beer and spirits shops operated by a third-party. The stores are the company’s closest locations […]
David Goodman | Mar 27, 2017 |
Supermarket News

Target unveils "reimagined" store design

Target unveiled its design last week for a “reimagined” 124,000 square foot store, the first of which is scheduled to open near Houston, TX in October. An additional 40 stores are slated to be redesigned during the same time period. Target plans to convert about 500 stores to the new design – or a similar […]
David Goodman | Mar 27, 2017 |
Supermarket News

Giant to close to Lancaster County stores

Giant Food Stores announced it would close two stores in Lancaster County, PA on May 18. The stores are located on Reservoir Street in Lancaster and Fruitville Pike in Manheim. According to a story in Pennlive.com, the Lancaster store is 37 years old, and the Manheim location was acquired 10 years ago.
David Goodman | Mar 27, 2017 |
Supermarket News

Albertsons in talks to acquire Sprouts

It was reported last week that Albertsons is considering a deal to acquire Sprouts Farmers Markets, and an industry source told me that he thought the likelihood of such a deal was 50-50. Sprouts, based in Phoenix, is the largest farmers’ market-style food retailer in the country. It operates more than 250 stores in 15 […]
David Goodman | Mar 20, 2017 |
Supermarket News

Food deflation and competition hurting supermarket profit margins

A story this morning in USA Today reported that “low food prices and razor-sharp competition” are putting a serious dent into grocery chain profit margins. However, the issue is good news for consumers, who last year saw the first annual decline in supermarket prices since 1967. According to Supermarket Analyst Phil Lempert, the low food […]

David Goodman

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

Call David

1.484.417.2219

Envelope Linkedin-in Instagram