RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Mar 16, 2017 |
Supermarket News

Aldi to spend billions on new stores and remodels

Aldi announced earlier this year that it plans to remodel more than 1,300 stores by 2020 at a cost of $1.6 billion. The remodeled stores will focus on fresh items, including produce, dairy and bakery sections, and feature open ceilings, natural lighting and environmentally-friendly building materials. Currently Aldi owns and operates about 1,600 stores in […]
David Goodman | Mar 15, 2017 |
Supermarket News

Target investing in pricing, e-commerce, small format stores

Target announced that it plans to shift away from promotional pricing and back to every day low pricing as part of a $1 billion investment this year. The change in pricing is part of the company’s overall strategy to enhance the in-store experience and leverage its stores as fulfillment centers for online orders. CEO Brian […]
David Goodman | Mar 15, 2017 |
Supermarket News

BJ's may be looking to sell or go public

A report in the Wall Street Journal last month stated that the private equity firms that own BJ’s Wholesale Club could either be trying to sell the company or planning for an IPO. Leonard Green and Partners and CVC Capital Partners acquired BJ’s in 2011 for about $2.8 billion. At the time, it was reported […]
David Goodman | Mar 15, 2017 |
Supermarket News

Whole Foods closing 9 stores by end of April

Last month Whole Foods announced that it would close nine stores by the end of April, and is scrapping its plans to expand from 440 to 1,200 stores. In addition to the closings, the company plans to open six new stores in the next couple months. Same store sales for Whole Foods have declined  in […]
David Goodman | Mar 14, 2017 |
Supermarket News

Lidl to begin opening stores this summer

Lidl announced last month that it would open the first 20 of its U.S. stores this summer rather than waiting for 2018. It had been previously thought that the company would open about 100 stores in the first quarter of next year. Lidl has been aggressively purchasing property in Eastern states from New Jersey to […]
David Goodman | Mar 14, 2017 |
Supermarket News

Soda Tax putting a dent in Philly grocery sales

According to recent published reports, Philadelphia’s new soda tax is putting a significant dent in overall grocery sales and forcing retailers to reduce labor as consumers are shifting their shopping to locations outside the city. The tax is levied on distributors at the rate of 1.5 cents per ounce and covers any beverage containing sugar […]
David Goodman | Mar 14, 2017 |
Supermarket News

Ahold's small format Bfresh stores coming to Philly

It was reported last week that leases were signed for Ahold Delhaize’s small-format Bfresh store at 2300 Bainbridge Street and 3401 Chestnut Street, both in Philadelphia.  The Bainbridge store will be on the ground floor of a new condominium complex, and the Chestnut Street location is where Eastern Mountain Sports recently closed. A store planned […]
David Goodman | Mar 14, 2017 |
Supermarket News

Weis Markets unveils in-store pub, ice cream shop and drive-thru pharmacy

Weis Markets unveiled its “Community Market,” a new store prototype, last week in Enola, PA, near Harrisburg. The 65,000 square foot store incorporates an in-store pub, ice cream shop, juice bar and expansive food court. According to a PennLive.com story that was reported in Supermarket News, the store is designed to take Weis’ service to […]
David Goodman | Feb 09, 2017 |
Supermarket News

Walmart, Kroger and Costco top list of 75 food sellers in US and Canada

Supermarket News released its annual list of the Top 75 Retailers and Wholesalers. The list ranks the largest sellers of food (by revenue) to be consumed at home in the United States and Canada. Here are some bulleted highlights that I have copied word-for-word from Supermarket News. I would suggest visiting their website for the […]
David Goodman | Feb 09, 2017 |
Supermarket News

Asian grocer 99 Ranch opening stores in New Jersey

Asian supermarket 99 Ranch plans to open at least three stores in New Jersey this year, according to published reports. The first store, a 60,000 square foot former Pathmark, opened recently in Edison, NJ, about a mile from an H Mart, which is also an Asian grocery chain. Locations are also slated for Jersey City […]

David Goodman

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

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