RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Nov 01, 2013 |
Supermarket News

Dollar General tops Walmart in pricing survey

Dollar General topped Kantar Retail’s annual opening price point survey for the second year in a row, narrowly beating Walmart. The survey “determines how select retailers meet the grocery and consumables needs of shoppers looking for the lowest shelf prices.” According to Kantar, Dollar General’s total basket was 12 cents less than Walmart’s. On the […]
David Goodman | Nov 01, 2013 |
Supermarket News

Wakefern sales increase to $14.1 billion in fiscal 2013

Wakefern reported last week that retail sales reached $14.1 billion for the fiscal year ending September 28, 2013. The figure represents a 3.9% sales increase over the previous year. During fiscal 2013, the company added 10 new ShopRite stores, four PriceRite stores and one Fresh Grocer store. It also expanded its ShopRite from Home service […]
David Goodman | Nov 01, 2013 |
Supermarket News

Could Weis Markets be Kroger's next acquisition?

An October 21 story on Cincinnati.com about Kroger’s growth plans specifically mentions A&P and Weis as possible acquisition targets for the nation’s largest supermarket chain. In the past year, Kroger executives have indicated a willingness to grow, potentially through more acquisitions. The company is about to close on a $2.5 billion purchase of Harris Teeter. […]
David Goodman | Oct 31, 2013 |
Supermarket News

Bottom Dollar, Giant opening stores; Weis to close a store

New Bottom Dollar stores opened today in Ambler, PA and in the Germantown section of Philadelphia. These stores represent the 42nd and 43rd stores in the Greater Philadelphia Market. Bottom Dollar now operates 62 stores in PA, NJ and OH. The discount grocery chain, a subsidiary of Delhaize, is still not profitable. Giant Food is […]
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 […]

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