RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Feb 21, 2014 |
Supermarket News

Safeway confirms that it may sell

In October I wrote about a published report that claimed Cerberus was looking into a takeover of all or part of Safeway. Yesterday Safeway confirmed that discussions were taking place involving a possible sale of the company. In a statement, the company said it “has not reached an agreement on a transaction, and there can […]
David Goodman | Jan 30, 2014 |
Supermarket News

Reporter uncovers reasons for Costco's success

President Obama visited a Costco in Maryland yesterday to shake hands with people and do whatever else Presidents do when they visit the suburbs and stop traffic. On a related note, Harriet Edleson from US News & World Report spoke recently with a number of Costco members, company executives and retail analysts to get the inside […]
David Goodman | Jan 30, 2014 |
Supermarket News

Giant donates $5 million to new CHOP center in Philly

It was announced last week that Giant Food Stores is providing the Children’s Hospital of Philadelphia (CHOP) with a $5 million gift for its Buerger Center for Advanced Pediatric Care, an outpatient center scheduled to open next year. The entrance to the Buerger Center will be named the “Giant Lobby.” At 9,000 square feet, it […]
David Goodman | Jan 17, 2014 |
Supermarket News

Save-A-Lot posts solid third quarter as sales continue to rise

Supervalu announced last week that Save-A-Lot continued to see improved results in the company’s fiscal third quarter. Identical-store sales at corporately-owned Save-A-Lot stores rose 5.4%, lifting overall identical-store sales to a 1.7% gain. Operating income rose 48% to $27 million, which the company largely attributed to cost reductions made earlier in the year. Overall sales […]
David Goodman | Jan 17, 2014 |
Supermarket News

Acme to close Westtown and Exton supermarkets

Among the 26 stores Albertsons plans to close by February 20 are Acme stores in Westtown and Exton, PA. The announcement came yesterday by Albertsons, owner of the Acme supermarket chain. In both Pennsylvania stores, the leases are coming to an end and will not be renewed. Acme, once the Greater Philadelphia market leader, currently operates 122 […]
David Goodman | Jan 09, 2014 |
Supermarket News

MOM's Organic Market to open first PA store in Bryn Mawr

MOM’s Organic Market, which operates 10 small-format organic food stores in the Baltimore/Washington area, plans to open its first Pennsylvania location in Bryn Mawr’s Rosemont Square. At 17,000 square feet, it will be MOM’s largest store and will include an all-organic cafe called Naked Lunch. Rosemont Square, once home to Borders bookstore, has been undergoing […]
David Goodman | Jan 03, 2014 |
Supermarket News

Whole Foods opening in big and small towns alike

Last month Whole Foods opened a store in Brooklyn, NY (population 2.6 million) and a store in Lincoln, Nebraska (population 260,000). This strategy – opening in large metro areas as well as small ones – is no coincidence, and Whole Foods says that nearly one-third of its new stores will open in small cities like […]
David Goodman | Dec 27, 2013 |
Supermarket News

"Banner Churn" of 2013 may continue into 2014

Supermarket News published an informative year-end story about the many changes that took place this year in the food retail industry. They called it a year of “banner churn.” The article starts by pointing out that the “big three” made major moves. Kroger agreed to buy Harris Teeter, Safeway sold its Canada division and announced […]
David Goodman | Dec 26, 2013 |
Supermarket News

Whole Foods to open seven new NJ stores

Amidst increased competition from Trader Joe’s, Fairway and Kings Food Market, Whole Foods plans to open seven new stores in New Jersey. According to Whole Foods, stores will open in Marlboro, Morristown, Cherry Hill, Parsippany, Clark, Closter and Newark. The Texas-based company currently operates 10 stores in the state. Whole Foods plans to open more than […]
David Goodman | Dec 26, 2013 |
Supermarket News

Aldi plan calls for 650 new stores in five years

Aldi, the discount grocer that operates about 1,300 stores from the East Coast to Kansas, said last week it would accelerate store growth with a goal of 650 new stores in the next five years, and nearly 2,000 stores by 2018. Aldi’s plans call for approximately 130 new stores per year, compared to its pace of […]

David Goodman

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