RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Oct 20, 2015 |
Supermarket News

Wegmans coming to Lancaster, PA

Wegmans announced yesterday that it plans to open a new store in Lancaster, PA in 2018. The 120,000 square foot store is slated to anchor The Crossings at Conestoga Creek, a proposed mixed-use development on Harrisburg Pike, just east of the Route 30 interchange in Manheim Township. High Real Estate Group is the developer. Lancaster […]
David Goodman | Oct 08, 2015 |
Supermarket News

Aldi and Lidl planning shake-up of U.S. grocery landscape

A Wall Street Journal article last month said “the two scrappy German discounters that have wreaked the most havoc in Britain are ratcheting up their U.S. ambitions.” The discounters are, of course, Aldi and Lidl. Aldi currently has over 10,000 stores in 18 countries. (Aldi is actually broken down into Aldi Nord and Aldi Sud, […]
David Goodman | Oct 08, 2015 |
Supermarket News

Whole Foods to layoff 1,500 employees

Whole Foods said last week it would eliminate 1,500 jobs, or 1.6% of its workforce, as part of a commitment to invest in technology and lower prices. The company anticipates that many of the reductions would come from natural attrition, and that it expects other affected employees to find jobs elsewhere within the company via […]
David Goodman | Oct 08, 2015 |
Supermarket News

Albertsons set to raise $1.8 billion from IPO

It was reported last week that Albertsons, which operates 2,200 stores in 33 states, including Acme Supermarkets in the Greater Philadelphia Region, expects to raise up to $1.84 billion in its initial public offering. The company has not yet said when the IPO will take place. Executives plan to change the organizational structure of AB […]
David Goodman | Aug 24, 2015 |
Supermarket News

WARN Notices filed for 94 A&P stores in New Jersey

WARN notices were filed with the state of New Jersey for 94 A&P, Superfresh, Pathmark and Food Basics stores that are slated for closure. The Worker Adjustment and Retraining Notification Act (WARN) was enacted in 1988 and requires employers to provide notice 60 days in advance of covered plant closings and covered mass layoffs. The notice must […]
David Goodman | Jul 21, 2015 |
Supermarket News

Albertsons files for IPO

Earlier this month, Albertsons, the second-largest traditional supermarket operator in the United States (behind Kroger), filed for an initial public offering. The IPO, which comes only a couple years after an investor group led by Cerberus Capital Management purchased the company from Supervalu, is expected to raise about $100 million. Albertsons said it plans to […]
David Goodman | Jul 21, 2015 |
Supermarket News

Acme to bid on bankrupt A&P stores

One day after A&P filed for bankruptcy for the second time in five years, Acme announced today that it will bid to acquire 76 A&P, Superfresh and Pathmark stores in Pennsylvania, New Jersey and Delaware. In a statement by A&P earlier today, the company said it plans to sell 120 stores in total for about […]
David Goodman | Jul 03, 2015 |
Supermarket News

Whole Foods overcharging is "worst case of mislabeling" inspectors have seen

Not surprisingly, the New York Daily News story about alleged overcharging by Whole Foods started off with “Rip-off on aisle four.” The newspaper reported that New York City officials launched a probe of Whole Foods after investigators claimed the eight city stores routinely overcharged customers for groceries during dozens of inspections dating back to 2010. […]
David Goodman | Jul 03, 2015 |
Supermarket News

Developers planning for North Philadelphia supermarket

According to a story posted on Philly.com in June, developers are making plans for apartments and a supermarket on the vacant land surrounded by Fairmount Ave., 13th Street and Ridge Avenue in North Philadelphia. Plans include the preservation of the Divine Lorraine Hotel, once a grand hotel but now a vacant, boarded up building. RAL […]
David Goodman | Jul 03, 2015 |
Supermarket News

ShopRite to open in Bethlehem Township later this month

A ShopRite-anchored mixed-use development is nearing completion in Bethlehem Township. Developers of the project, known as Madison Farms, are now leasing luxury apartments, and both ShopRite and Starbucks plan to open in the next few weeks. Other retailers planned for the project include Supercuts, Subway, Elements Massage, Heartland Dental, Pet Valu, Provident Bank and Verizon […]

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