RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jun 10, 2013 |
Supermarket News

Whole Foods' inner city concept opens in Detroit

Whole Foods opened a 21,000 square foot store in Detroit last week that features lower prices and a larger selection of private-label items as compared to its standard stores, and frozen and prepackaged foods designed to appeal to budget-conscious shoppers. The store opening follows classes that the company has been offering in Detroit community centers […]
David Goodman | Jun 10, 2013 |
Supermarket News

Whole Foods agrees to join Costco and Target in Lower Macungie

A representative from the Goldenberg Group announced last week that Whole Foods plans to join Costco and Target at the proposed Hamilton Crossings Shopping Center in Lower Macungie (Lehigh County). The 63-acre site of the proposed center is located between Hamilton Blvd. and the Route 222 Bypass. The developers, which include the Goldenberg Group and […]
David Goodman | Jun 05, 2013 |
Supermarket News

Costco to add 150 stores in five years

Since I just posted a story about how supermarkets have gained market share against warehouse clubs for grocery sales in the U.S. last year, and how the growth of warehouse clubs is slower than the growth of supermarkets, it makes perfect sense for me to now post a story on Costco’s aggressive growth plans. To […]
David Goodman | Jun 05, 2013 |
Supermarket News

Report says supermarkets gained share on warehouse clubs last year

A study released last week by DSR Marketing System claimed that U.S. supermarkets gained market share against warehouse clubs (i.e. Costco, BJ’s) and superstores (i.e. Walmart, Target) in 2012. The study showed that supermarkets owned a 59.3% share of grocery sales, up 0.4% from 2011. At the same time, the share of grocery sales for […]
David Goodman | Jun 05, 2013 |
Supermarket News

The Fresh Market posts sales, profit gains in Q1

The Fresh Market announced last week that it rebounded from a disappointing fourth quarter by posting strong sales, comps and profits in the company’s first quarter, which ended April 28. Sales for the quarter were $366.6 million, a 12.9% increase as compared to the same quarter one year ago. Comparable-store sales improved by 3%, and […]
David Goodman | May 29, 2013 |
Supermarket News

Bi-Lo to buy three banners from Delhaize

Bi-Lo Holding, which operates Bi-Lo and Winn-Dixie supermarket chains in eight southern states, announced yesterday that it has agreed to acquire Sweetbay, Harveys and Reid’s stores from Delhaize for $265 million. Delhaize owns Food Lion and Bottom Dollar Food, among others. According to a Supermarket News report, there are 165 stores included in the transaction […]
David Goodman | May 28, 2013 |
Supermarket News

Cerberus reportedly looking at Harris Teeter

There were a number of reports last week speculating that Cerberus Capital Management may decide to expand its grocery business by bidding on existing supermarket chains. Cerberus led an investor group earlier this year in the purchase of several Supervalu banners, including Albertsons and Acme. Much of the recent speculation has focused on Harris Teeter, […]
David Goodman | May 24, 2013 |
Supermarket News

The art and science of Wegmans from Supermarket News

I attended the Retail Brokers Network annual meeting in Las Vegas last Sunday, and in a breakout group focused on big box stores, Wegmans was mentioned. Then the meeting seemed to come to a halt. Those from the Northeast or Mid-Atlantic states started cooing about the store, saying that it was like no other supermarket […]
David Goodman | May 24, 2013 |
Supermarket News

Delhaize considering sale of Sweetbay and Harveys

According to multiple reports today, Delhaize Group, which owns Food Lion and Bottom Dollar Food, has hired an investment bank to assist in the possible sale of its Sweetbay and Harveys brands in the U.S. Sweetbay, which is in Delhaize’s Hannaford division, operates 72 stores in Florida. Harveys is in the Food Lion division and […]
David Goodman | May 17, 2013 |
Supermarket News

Walmart grocery comps rise as overall comps fall

Walmart announced yesterday that overall U.S. comparable-store sales, excluding fuel, for its fiscal first quarter were down by 1.2%. The company blames the decrease on smaller and slower-arriving tax returns, and unseasonable weather. Grocery sales were better than overall sales, as grocery comps were in the “low single-digits.” Similar comps were reported for the Neighborhood […]

David Goodman

David leases high-quality shopping centers, represents select retail clients and sells vacant bank properties.

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