RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jan 21, 2016 |
Supermarket News

Save-A-Lot files IPO, to spin off from Supervalu

Supervalu announced earlier this month that its discount grocer Save-A-Lot filed an IPO and plans to spin off into a publicly traded company to be largely controlled by Supervalu shareholders. According to Supervalu CEO Sam Duncan, after the separation “Supervalu will be able to focus on providing wholesale distribution services to independent retail customers and […]
David Goodman | Dec 22, 2015 |
Supermarket News

Brookhaven, PA to welcome ShopRite and Giant in 2016

The shopping center known as 352 Plaza in Brookhaven, PA had two doomed tenants – Pathmark and K-Mart-  but will soon come to life with a Lowe’s (under construction) and a planned ShopRite. The grocery store could open by March 2016 and will feature an outdoor cafe, beer sales, and a hot and cold food […]
David Goodman | Dec 22, 2015 |
Supermarket News

Dollar General to open 900 stores in 2016

Dollar General said earlier this month that it plans to open 900 new stores in 2016, compared to 730 store openings in 2015. The new stores are planned for urban, suburban and rural locations. The company also announced its third quarter earnings. Net income rose 7.2% (compared to the previous year’s third quarter) to $253 […]
David Goodman | Dec 22, 2015 |
Supermarket News

Whole Foods to seek $1 billion in debt offering

Whole Foods announced earlier this month that it was seeking to raise $1 billion in a debt offering. The company said it intends to use the proceeds for general corporate purposes, including an authorization to repurchase up to $1 billion in its stock. Standard and Poor’s (S&P) assigned a “BBB” rating to the offering, the […]
David Goodman | Dec 22, 2015 |
Supermarket News

Plans in place again for Albertsons IPO

Albertsons (Acme, Albertsons, Safeway, Vons, Jewel-Osco et al) filed an amended stock prospectus for an initial public offering late last month in hopes of raising between $1.5 and $2 billion. The company had originally planned to hold the offering in October but called off the IPO due to market volatility. The prospectus is seeking a […]
David Goodman | Dec 22, 2015 |
Supermarket News

ShopRite subject to antitrust claim in fight to squeeze Wegmans

Wegmans’ bid to open a store in Hanover, NJ took an interesting twist recently, when the U.S. Court of Appeals for the Third Circuit issued a decision reversing a previous ruling, and holding that Village Supermarkets, a ShopRite operator and Wakefern member, may be subject to an antitrust claim related to its efforts to thwart […]
David Goodman | Dec 22, 2015 |
Supermarket News

Supervalu to decide whether to sell or spin Save-A-Lot

Supervalu announced last month that it is preparing to explore an outright sale of the Save-A-Lot discount grocery chain, rather than spin it off as a separate unit. According to published reports, the company has received interest from several private equity firms, and has told them it will consider offers in early 2016. Waiting until […]
David Goodman | Dec 22, 2015 |
Supermarket News

Natural Grocers continues growth in Western U.S.

Natural Grocers, a specialty retailer that offers natural and organic groceries and dietary products, announced last month that it plans to add 23 new stores in fiscal 2016. The company currently has 106 stores in 18 states. The easternmost locations are in Minnesota, Missouri and Arkansas. All other locations are further west.
David Goodman | Nov 19, 2015 |
Supermarket News

Lidl CEO confirms "several dozen" stores coming to America in 2018

Lidl CEO Sven Seidel recently told a German newspaper that “the United States are a strategic market for us. We will launch there with several dozen stores.” Seidel said stores would open in Virginia, North Carolina, South Carolina, Maryland and Washington DC. According to regional real estate brokers, deals have also been made in Pennsylvania. […]
David Goodman | Nov 19, 2015 |
Supermarket News

Kroger to expand to Wisconsin and Illinois with Roundy's purchase

Kroger announced last week that it would buy Roundy’s Supermarkets for $800 million. Roundy’s stores are in Wisconsin and Greater Chicago, markets Kroger doesn’t currently have a presence in. Kroger, already the largest conventional supermarket chain in the U.S., will add 151 stores and 101 pharmacies to its roster. In addition to Roundy’s, the banners […]

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