RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Sep 27, 2016 |

Study concludes that food retailers should focus on families, not e-commerce or millennials

A study on food and beverage buying released earlier this month by Tabs Analytics concluded that food retailers should slow their investments in e-commerce and on millennials, and focus instead on old-fashioned promotional spending at stores and on marketing to households with children. The study included 1,000 geographically and demographically dispersed consumers between 18 and […]

David Goodman | Sep 12, 2016 |

Target adding grocery employees, pushing to boost food sales

The Wall Street Journal reported last week that Target stores across the U.S. will soon have teams of employees working exclusively in their grocery sections. The change is part of a plan to improve the company’s grocery revenue, which currently accounts for about 20% of the retailer’s business. Last March Target announced it would cut […]

David Goodman | Sep 12, 2016 |

Whole Foods hoping to boost sales with coupons and loyalty program

With traffic and sales falling at Whole Foods due to competition from food retailers selling natural and organic products at lower prices, the company has started to offer discounts and began rolling out a customer loyalty program. The discounts come in the form of digital coupons available on the Whole Foods mobile app, and company […]

David Goodman | Sep 12, 2016 |

Lidl adds third U.S. distribution site

Lidl, which has been acquiring supermarket sites up and down the east coast for the last couple years, said last month it would build a regional distribution center in Cecil County, Maryland. The site will be the company’s third such center in the U.S. Lidl previously announced it would build warehouses in Fredericksburg, VA and […]

David Goodman | Sep 12, 2016 |

Dollar General acquires 41 Walmart Express stores

Dollar General announced this summer that it purchased 41 former Walmart Express stores and would relocate 40 existing stores to these sites this fall. Walmart Express was the small format concept that Walmart abandoned last year. At 12,000 – 16,000 square feet, they are significantly larger than traditional Dollar General stores, so the sites will […]

David Goodman | Sep 12, 2016 |

Aldi has risen to be a powerful, disruptive force

A story earlier this summer in Supermarket News reported on Aldi’s strategy and how the discount grocer is transforming itself into a serious competitor in the food retail industry. The author called Aldi a “powerful, perhaps underappreciated, disruptive force in a competitive marketplace.” Here are some examples of what Aldi has been doing.   Expanding […]

David Goodman | Sep 12, 2016 |

ShopRite opens new stores in Philly and Brookhaven, PA

Earlier this month ShopRite opened a 60,000 square foot store in South Philadelphia’s Whitman Plaza, replacing an older ShopRite about a mile away. The new store is in a former Pathmark location that Wakefern acquired during A&P’s bankruptcy auction last year. The renovated supermarket includes the standard grocery departments plus an in-store cafe, on-site dietition, […]

David Goodman | Sep 01, 2016 |

Kroger may look to buy part of Rite Aid portfolio

The Cincinnati Business Courier reported on Monday that Kroger could be a prime bidder for some Rite Aid or Walgreens drug stores that will need to be sold when the two companies complete their merger later this year. Kroger was rumored to be interested in purchasing Rite Aid before the chain reached a deal with […]

David Goodman | Sep 01, 2016 |

Fresh Market delays openings, names Supervalu as supplier

The Fresh Market confirmed earlier this summer that it has re-evaluated certain store openings as it takes time to develop its long-term growth strategy. The stores whose opening dates have been delayed include York, PA and three others in FL, VA and MO. The store under construction in Blue Bell, PA was not listed and […]

David Goodman | Sep 01, 2016 |

Mom's Organic Market opens in Cherry Hill

Mom’s Organic Market opened a new store last weekend on Kings Highway in Cherry Hill, NJ. The company now operates 16 stores, including one in Bryn Mawr, PA, and has plans for a third area store in Center City Philadelphia. According to Store Manager Jen Weigel, the Cherry Hill location is the chain’s largest at […]

David Goodman

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

Call David