RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

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 | May 15, 2013 |
Supermarket News

Competitive grocery industry added 1,000 supermarkets in 2012

National brands like Walmart, Whole Foods, Trader Joe’s and Aldi are adding stores, as are regional brands Giant, ShopRite and Wegmans. Last year saw the addition of approximately 1,000 supermarkets. “The grocery segment is always busy,” said Supermarket Site Analyst David J. Livingston in an interview with Shopping Centers Today. “Good, well-run grocers are immune […]
David Goodman | May 15, 2013 |
Supermarket News

Philly's fragmented market weeding out "losers"

A recent story in the Supermarket News says that Philadelphia’s grocery landscape is “largely being written by its losers.” And by losers Supermarket News means Genuardi’s, Acme and A&P (Pathmark, SuperFresh). Genuardi’s is down to one store, and the exit of the once mighty brand set the stage for Giant to compete with ShopRite as […]
David Goodman | May 13, 2013 |
Supermarket News

Analysts optimistic about supermarket results

Last week Supermarket News published a story listing several reasons why supermarket analysts are optimistic about results for the first half of this year compared to the second half of last year. The reasons cited include the following:   All the negative factors that impacted the first couple months of the year – like higher […]
David Goodman | May 10, 2013 |
Supermarket News

Whole Foods to consider a larger range of store sizes

Whole Foods Co-CEO John Mackey said this week that the company may consider opening stores of “mixed sizes” in the future. Mackey said larger stores opened between 2007 and 2009 “are still competing strongly as they get older… and have higher long-term potential than smaller stores because they offer more parking, less spoilage and greater […]

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