RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jul 03, 2015 |

Supermarket News

Save-A-Lot planning for corporate store growth

In a May conference call with analysts, Supervalu President and CEO Sam Duncan said the company’s goal is to open up to 100 new Save-A-Lot locations this year, including about 60 corporate stores. Beginning in 2018, Duncan projects 150 Save-A-Lot openings per year and anticipates the same 60-40 corporate – licensee mix. “Supervalu wants to […]

David Goodman | Jul 03, 2015 |

Supermarket News

Lidl seen as legitimate threat to U.S. supermarkets

Supermarket News Reporter Neil Stern recently characterized Lidl, the European grocer that is making plans to open stores in the Eastern U.S., as a formidable threat to U.S. supermarkets. Stern cited Lidl’s similarities to European counterpart Aldi, and noted Aldi’s measured approach to the American market and their ability to adapt their concept to U.S. tastes. […]

David Goodman | Jun 24, 2015 |

Supermarket News

Ahold and Delhaize to merge, form one of largest supermarket chains in U.S.

Ahold (Giant, Stop & Shop) and Delhaize (Food Lion, Hannaford) announced this morning that the two companies plan to merge and become Ahold Delhaize, creating one of the largest supermarket chains in the U.S. The merger would create a company with 2,000 U.S. stores (6,500 stores worldwide), $44 billion in sales and 375,000 employees. By […]

David Goodman | Jun 24, 2015 |

Supermarket News

TargetExpress to open in Center City Philadelphia

Target announced last week that it plans to open a TargetExpress store next summer at 19th and Chestnut in Philadelphia, and according to reports, the company is already considering a second Center City location. Earlier this year Target announced that it would open TargetExpress stores in urban areas, including San Francisco and Chicago. The Philadelphia […]

David Goodman | Jun 24, 2015 |

Supermarket News

Dollar Tree to sell 330 stores

Dollar Tree announced last month that it will sell 330 stores to private equity firm Sycamore Partners, which will operate the stores under the Dollar Express banner. Dollar Express was a Philadelphia-based company that was acquired by Dollar Tree in 2000. The sale addresses regulatory concerns brought about by the planned merger between Dollar Tree […]

David Goodman | Jun 24, 2015 |

Supermarket News

Supermarket and warehouse club sales outpaced retail from '07 - '12

According to a report released by the U.S. Government called “2012 Census of Retail Trade,” supermarket sales outpaced overall retail sales between 2007 and 2012. Supermarket sales grew by 15.2% during the period, which is nearly twice as much as all other retail, which grew by 7.8%. And with sales growth of 25.1% over the […]

David Goodman | Jun 24, 2015 |

Supermarket News

A&P looking for buyers

Last week A&P, which operates under the Super Fresh and Pathmark banners in the Greater Philadelphia market, acknowledged that it is “seeking alternatives for its business,” adding that a sale of the company was only one of its options. In other words, A&P is for sale. According to a New York Post story, A&P is […]

David Goodman | Jun 12, 2015 |

Supermarket News

Wegmans to anchor Brooklyn Navy Yard development

Wegmans has been selected as an anchor tenant for a $140 million development at the Brooklyn Navy Yard. The store will be Wegmans’ first in New York City. According to reports, demolition of existing buildings will begin later this year, and the 74,000 square foot store is expected to open in 2018. Five years ago […]

David Goodman | Jun 12, 2015 |

Supermarket News

Last Genuardi's store closes in Audubon

The last operating Genuardi’s supermarket, in the Audubon Village Shopping Center in Audubon, PA, closed on May 27. According to a store employee, the lease expired and another operator may take over in the location. Genuardi’s, once a popular chain in the Greater Philadelphia Region, was purchased by Safeway in 2001, and in recent years […]

David Goodman | Jun 12, 2015 |

Supermarket News

Wawa wants to sell beer in Chadds Ford store

Philly.com reported today that Wawa wants to sell beer at its store on Naamans Creek Road in Chadds Ford. According to a Wawa spokesperson, the company views this as a “single-store expansion.” The spokesperson also said they may look to expand their offerings in the future. The Philly.com article points out that the nearby Acme […]

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