RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Oct 23, 2013 |
Supermarket News

Cerberus exploring a deal to takeover Safeway

According to a report from The Chicago Tribune, Cerberus Capital Management is exploring a deal for all or part of Safeway, the second-largest supermarket operator in the U.S. In addition, Supermarket News said this morning that according to a Reuters report, Safeway has engaged Goldman Sachs to explore a potential private equity takeover. Safeway, which exited […]
David Goodman | Oct 21, 2013 |
Supermarket News

Save-A-Lot corporate stores benefiting from new meat departments

Supervalu reported last week that its limited-assortment Save-A-Lot chain is gaining momentum, as their roll-out of fresh-cut meat and improved produce presentation are favorably impacting the business. There were 215 corporate Save-A-Lot stores with a full meat-cutting program by the end of the second quarter, and all corporate stores expect to have the program by […]
David Goodman | Oct 21, 2013 |
Supermarket News

Walmart to accelerate small format growth

Last week Walmart reported that it plans to accelerate the growth of its small-format stores – mostly Neighborhood Markets – and projected that they will open between 120 and 150 of them in fiscal 2015, compared to 120 in the current fiscal year. The company also said they plan to open 115 supercenters in the […]
David Goodman | Oct 21, 2013 |
Supermarket News

Dollar General to test fuel station

Dollar General announced last week that it will “test pilot” a fuel station at one of their stores in Hanceville, AL. The test is a joint venture with Mansfield Oil, and the companies will jointly evaluate the results. According to Dollar General CEO Rick Dreiling, the project “is consistent with our strategy of continually looking […]
David Goodman | Oct 14, 2013 |
Supermarket News

Safeway to dispose of Dominick's chain in Chicago

Safeway announced last week that it plans to dispose of its 72 Dominick’s supermarkets in the Chicago area. Safeway is also the parent company for Genuardi’s, which recently exited the Philadelphia market (with the exception of one yet-to-close store in Audubon, PA). Dominick’s had a loss of $31.5 million for fiscal 2012, and losses are […]
David Goodman | Oct 11, 2013 |
Supermarket News

Proposed mixed-use development in Lower Macungie to include Weis Markets

Earlier this week developers of a proposed residential and retail center in Lower Macungie Township shared their plans with the township’s Planning Commission. Remington Property Corp. plans to build apartments, a 75,000 square foot Weis supermarket, a gas station and two restaurants at the corner of Route 100 and Gehman Road. Weis is currently located […]
David Goodman | Oct 11, 2013 |
Supermarket News

Giant to close Warrington, PA store

Giant announced last week that it is closing its Warrington, PA store on November 2. The store was a former Genuardi’s supermarket that Giant purchased in 2010. The 49,000 square foot store is in PREIT’s Creekview Shopping Center. Co-tenants include Lowe’s, Target and LA Fitness. Wegmans and BJ’s Wholesale Club have stores within a half […]
David Goodman | Oct 07, 2013 |
Supermarket News

Bottom Dollar opens 40th store in Philly market

Bottom Dollar’s new store in Levittown, PA, which opened last week, is the discount grocer’s 40th store in the Philadelphia market. Overall, the company operates 59 stores in New Jersey, Pennsylvania and Ohio. Bottom Dollar is a division of Food Lion, which is owned by Delhaize.
David Goodman | Oct 02, 2013 |
Supermarket News

Tesco's Fresh & Easy chain files for bankruptcy protection

After much speculation, Tesco’s Fresh & Easy Neighborhood Market has filed for bankruptcy protection, just weeks after it was announced that Yucaipa Cos. would buy most of the chain’s stores. The bankruptcy filing lists debts of more than $500 million and assets of $100 – $500 million. According to Fresh & Easy, the move is […]
David Goodman | Sep 26, 2013 |
Supermarket News

Nonprofit supermarket set to open in Chester this weekend

Fare & Square, a nonprofit grocery store created by Philabundance, also a nonprofit organization, plans to open this Saturday in Chester, PA, a community declared as a food desert by the federal government. The government defines a food desert as a low-income area lacking ready access to healthy food. The $7 million store is the […]

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