RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Apr 23, 2014 |
Supermarket News

Family Dollar to close 370 stores, slow growth and layoff workers

Family Dollar announced earlier this month that it plans to close 370 of its 8,100 stores in the second half of the year, and to slow down store growth to about 400 per year, starting next year. The company also said it would try to boost traffic by cutting prices on about 1,000 items, and […]
David Goodman | Apr 23, 2014 |
Supermarket News

First PriceRite supermarket in New Jersey opens in Garfield

The first PriceRite supermarket not owned by Wakefern is also the first PriceRite in the state of New Jersey, according to a story on NewJersey.com last week. The 41,000 square foot store is in Garfield and owned by a division of Inserra Supermarkets, which owns 22 ShopRites in New Jersey and New York. Wakefern operates […]
David Goodman | Apr 23, 2014 |
Supermarket News

Lidl, Aldi's biggest competitor in Europe, to open U.S. stores

German discount supermarket chain Lidl, which has over 10,000 stores across Europe and is Aldi’s biggest competitor there, confirmed plans earlier this month for an American rollout. Klaus Gehrig, CEO of Lidl parent Schwartz Group, said that U.S. expansion was “in full swing” and that an office has been established in Arlington, VA. The company […]
David Goodman | Apr 09, 2014 |
Supermarket News

Mrs. Green's opens 19th store, eyes 40 stores within a year

Mrs. Green’s Natural Market announced plans for major expansion last month, as the organic and natural food chain intends to open at least 20 new stores this year in the Northeast, Midwest and Canada. The growth plans are dramatic, considering the company opened its 19th store last month (in West Windsor, NJ). Store number 20 […]
David Goodman | Apr 09, 2014 |
Supermarket News

Supermarkets among top retail chains in the world

A report published by Deloitte Touche Tohmatsu and Stores Magazine last month claims that 32 of the 100 largest retail chains in the world are supermarket chains. And in the U.S., 20% of the retail chains on the top 100 list are supermarkets. The list includes the following grocery chains: Kroger – #5 Safeway – […]
David Goodman | Apr 09, 2014 |
Supermarket News

Family Dollar adding 400 food items to its grocery section

Family Dollar reported last week that it plans to add more than 400 new food items to its grocery section and reduce prices on 1,000 other items as it seeks to increase store traffic and sales. Family Dollar currently operates about 8,100 stores, and customers across the country (like myself) still think the following dollar store dialog is funny: […]
David Goodman | Apr 09, 2014 |
Supermarket News

Foodservice leads convenience store sales to record highs

Last week the National Association of Convenience Stores (NACS) reported that U.S. convenience stores had record in-store sales in 2013, with sales reaching $204 billion. The total represents a 2.4% increase over 2012. According to the NACS report, sales in 2013 were led by continued growth in foodservice, driven by prepared foods and commissary, as consumers […]
David Goodman | Mar 19, 2014 |
Supermarket News

The Fresh Market to limit expansion to existing markets

The Fresh Market announced earlier this month that they plan to increase penetration in existing markets while slowing the pace of expansion in new markets. The company also announced the upcoming closures of four stores, three in Sacramento, CA and one in Houston, TX. The Fresh Market, which operates more than 150 stores nationwide, entered […]
David Goodman | Mar 07, 2014 |
Supermarket News

Cerberus to merge Albertsons with Safeway in $9 billion deal

AB Acquisition, an investor group led by Cerberus Capital Management, agreed to purchase Safeway yesterday for $9 billion, or $40 per share. The transaction is expected to close by the end of the year. Cerberus plans to fund the acquisition, which is being called an Albertsons – Safeway merger, with debt financing of about $7.6 […]
David Goodman | Mar 06, 2014 |
Supermarket News

Report says Kroger may be disrupting Safeway-Cerberus deal

3/7/14 Update: Cerberus to merge Albertsons with Safeway in $9 billion deal In contrast to my post on Tuesday that said Kroger may work with Cerberus to take some Safeway stores the private equity firm might not want if they were to buy Safeway (Kroger could be a player in Safeway sale), a story in […]

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