RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jan 05, 2015 |
Supermarket News

Bottom Dollar stores to close by January 15

On Friday Bottom Dollar Food said it would close all 66 locations by January 15, and all 2,200 workers would lose their jobs. The company said the employees would receive severance pay, and some would receive job counseling services. Bottom Dollar, a subsidiary of Belgian-based Delhaize Group, announced in November it would sell its locations […]
David Goodman | Dec 19, 2014 |
Supermarket News

Aldi hiring manager trainees, but no word on Bottom Dollar plans

It was widely reported earlier this month that Aldi, which bought the 66 stores in the Bottom Dollar chain last month, plans to hire 50 store manager trainees with starting salaries at $52,000 and the potential to earn $75,000 to $90,000 within one year. The company also said that staff working at least 20 hours […]
David Goodman | Dec 19, 2014 |
Supermarket News

Dollar General not giving up on Family Dollar acquisition

Dollar General CEO Rick Dreiling said earlier this month that his company remains committed to acquiring Family Dollar, who has already agreed to be purchased by Dollar Tree, pending government approval. (See Family Dollar rejects Dollar General’s higher offer, to pursue deal with Dollar Tree.) Dreiling said Dollar General expects to provide Family Dollar shareholders […]
David Goodman | Dec 19, 2014 |
Supermarket News

Ahold to grow online sales by 80% in three years

Ahold (Giant, Stop & Shop, Peapod) CEO Dick Boer recently said he would like the company to grow online sales by nearly 80% over the next three years, from approximately $1.7 billion to about $3.1 billion. The company’s online strategy would involve growing its market share, expanding its geographic reach and increasing the number of […]
David Goodman | Nov 18, 2014 |
Supermarket News

Walmart wants stores to improve fresh grocery performance

According to a New York Times story last week, Walmart execs issued a memo to store managers across the country urging them to improve performance on chilled items in its dairy, meat and produce departments in order to improve sluggish sales. Walmart has about 20 percent of the nation’s dry grocery business, but only 15 […]
David Goodman | Nov 16, 2014 |
Supermarket News

Costco plans store near Quaker Bridge Mall in NJ

The seller of a 17-acre property near the Quaker Bridge Mall in Lawrence, NJ said last week that Costco purchased the property for $9.4 million. According to a story in the Times of Trenton, the 156,000 square foot store will include liquor, a pharmacy, an optical services section, a tire sales and installation center, and […]
David Goodman | Nov 16, 2014 |
Supermarket News

Giant Food parent behind new Philly store Everything Fresh

A November 6 article on Philly.com revealed that Ahold USA (Giant, Stop & Shop) is behind the Everything Fresh store planned in the redeveloped Stapler Building on Walnut Street in Philadelphia. According to the report, the store is part of Ahold’s plans to investigate new formats and test ideas. The “opening soon” sign on the […]
David Goodman | Nov 16, 2014 |
Supermarket News

USPS to deliver groceries for e-tailers

It was announced in October that the U.S. Postal Service has been granted permission to start a two-year test of a customized delivery program for grocery e-tailers. The approval follows the postal service’s test partnership with AmazonFresh in San Francisco. Despite protests from a group knows as the Taxpayers Protection Alliance, the Postal Regulatory Commission […]
David Goodman | Nov 06, 2014 |
Supermarket News

Bottom Dollar to sell its 66 stores to Aldi

Delhaize Group announced yesterday that it has reached an agreement to sell all 66 Bottom Dollar Food stores to Aldi for approximately $15 million. 46 of the stores are in the Philadelphia region. Bottom Dollar will continue to operate its stores until the end of the year, at which time all the stores will close. […]
David Goodman | Nov 03, 2014 |
Supermarket News

Whole Foods launches first-ever national ad campaign

Reacting to competitors who are increasingly selling natural and organic foods, Whole Foods launched its first-ever national ad campaign to remind consumers of the company’s buying standards, the origins of its products and the Whole Foods’ pioneering role in the industry. In a campaign that kicked off in October, Whole Foods is calling itself “America’s […]

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