RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | May 10, 2013 |
Supermarket News

Delhaize reports lower losses at Bottom Dollar

Delhaize Group announced first quarter earnings earlier this week and said the company’s performance in the U.S. was boosted in part by “lower losses at Bottom Dollar Food.” U.S. operating profit for Delhaize increased to $197 million for the quarter, a 14.1% increase compared to the same time period a year ago. Operating margins improved to […]
David Goodman | May 02, 2013 |
Supermarket News

Fairway goes public, planning for steady expansion

Whole Foods rival Fairway went public last month and the 12-store grocery chain aims to open 300 stores across the country. The stores, located in New York City and the surrounding areas and known for its specialty foods, began as a family business in the 1930s as a fruit and vegetable stand. The founder’s grandson, […]
David Goodman | May 01, 2013 |
Supermarket News

FreshDirect expands to more Philly suburbs; adds 90 new zip codes

Internet grocer FreshDirect announced yesterday that it has expanded service to more than 90 new zip codes that range from the Philadelphia area all the way to Long Island in New York. FreshDirect entered the Philadelphia market in October 2012 in limited areas, and expanded just three months ago to many surrounding suburban counties. Most […]
David Goodman | Apr 26, 2013 |
Supermarket News

Supervalu to decentralize banners, focus on Save-A-Lot pricing

CEO Sam Duncan said this week that Supervalu’s focus would be to decentralize its retail banners, pricing at Save-A-Lot, and recharging its wholesale business. His comments came as the company announced its fiscal fourth quarter earnings, which were significantly affected by the costs associated with the recent sale of five banners to a group led […]
David Goodman | Apr 26, 2013 |
Supermarket News

Weis Markets targeting Bedminster, PA for new store; to spend $135 million on CapEx this year

Last week Weis Markets presented its plans to the Bedminster Township planning commission for a 63,000 square foot supermarket and adjacent gas station at the corner of Routes 113 and 313 in Bucks County, not far from Doylestown. Meetings with the Board of Supervisors and the town’s municipal authority are planned for the coming months. […]
David Goodman | Apr 25, 2013 |
Supermarket News

ShopRite to open store in Camden County's Lawnside Township

Wakefern Food Corp. announced earlier this month that Somerset Stores, owned by David and Renee Zallie, will begin construction on a new ShopRite to open in Lawnside, NJ. The Camden County town is best known for its establishment in 1926 as the first independent self-governing African American community north of the Mason-Dixon line. The 56,000 […]
David Goodman | Apr 25, 2013 |
Supermarket News

Ahold denies plan to reduce number of banner names in U.S.

Earlier this month a spokesperson for Ahold USA said rumors about reducing the number of banner names in the U.S. was false. A Dutch newspaper had said that Ahold wanted a greater presence and therefore might prefer one common U.S. banner. Ahold currently operates under the Giant, Martin’s and Stop and Shop names, as well […]
David Goodman | Apr 25, 2013 |
Supermarket News

Giant opens 76,000 SF store with "Beer Garden" at Haverford's Quarry Center

Giant’s press release about its new store that opened in Haverford’s Quarry Center last week boasts about The Beer Garden and Eatery, which offers food and a selection of craft and specialty beers. The 76,000 square foot store employs 275 workers and includes Giant gas on the property.
David Goodman | Apr 02, 2013 |
Supermarket News

Fresh & Easy may exit U.S. market

U.K.-based Tesco, the third largest retailer in the world as measured by revenues, recently launched a strategic review of its struggling U.S. Fresh & Easy Neighborhood Market chain. Many analysts believe the results, scheduled to be announced at the company’s annual meeting later this month, will lead to Tesco exiting the U.S. market. There is […]
David Goodman | Apr 02, 2013 |
Supermarket News

Former Broomall Pathmark sold, to be cancer treatment center

The former Pathmark property on Lawrence Road in Broomall was sold by parent company A&P for $4.8 million and will soon become a Chester-Crozer medical center. According to a published report, design plans are moving forward and the facility will be used for a cancer treatment center. A Spring 2014 opening is anticipated. Pathmark closed […]

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