RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Feb 21, 2013 |
Supermarket News

Whole Foods to take Genuardi's store in Cherry Hill

Whole Foods has announced it will open a store in the former Genuardi’s site at Ellisburg Shopping Center in Cherry Hill, NJ. Safeway closed the Genuardi’s store last summer after they couldn’t find a buyer for it. Whole Foods plans to renovate the store and open sometime next year. It will be the 13th New […]
David Goodman | Feb 18, 2013 |
Supermarket News

McCaffrey's reaping harvest from local greenhouse

McCaffrey’s Market, with stores in Pennsylvania (Yardley, Newtown) and New Jersey (Princeton, West Windsor), is now selling produce “that’s just about as local as you can get,” according to company officials. Produce is bring grown hydronically by New York-based BrightFarms in a newly constructed, 50,000 square foot greenhouse down the road from one of McCaffrey’s stores. “We’re […]
David Goodman | Feb 18, 2013 |
Supermarket News

Supervalu gives $23 million to four departing execs

According to documents filed with the SEC, Supervalu is giving $22.78 million in “golden parachutes” to four executives, including CEO Wayne Sales. Sales will receive $12.8 million, about two thirds of which will be in cash. Sales replaced Craig Herkert as CEO last July, and is expected to leave the company when the $3.3 billion […]
David Goodman | Feb 18, 2013 |
Supermarket News

Redner's 6th on list of small chains and independents

Last year The Fresh Market and Grocery Outlet were the top two grocers on Supermarket News’ list of Top 50 Small Chains and Independents, but their growth has lifted them off the list and on to the Top 75 list of the largest food retailers and wholesalers in the U.S. and Canada. Last year Grocery […]
David Goodman | Feb 18, 2013 |
Supermarket News

ShopRite damaged by Sandy reopens in snow storm

A ShopRite in Hoboken that had been closed since Hurricane Sandy reopened on February 9, the same day Winter Storm Nemo dumped about a foot of snow on the area. Reports say shoppers braved the weather and lined up to see the redesigned store, which features green technologies, new glass doors on dairy and freezer […]
David Goodman | Feb 07, 2013 |
Supermarket News

Wegmans on the market in VA

Last week GlobeSt.com reported that a freestanding Wegmans in Fredericksburg, VA is up for sale. The asking price is $25 million – a 4.25% cap rate. The property includes an outparcel that a restaurant could build on, among other attributes. Jonathan Hipp, Calkain Cos. principal, is marketing the property. “I have never seen one for […]
David Goodman | Feb 07, 2013 |
Supermarket News

Delhaize America to cut 500 jobs

Delhaize America, the parent company of Food Lion, Bottom Dollar and others, announced yesterday that it will eliminate 500 jobs as part of a corporate reorganization. The jobs lost will be “above the store manager level” and will include 350 current employees as well as 150 open positions. Yesterday’s announcement follows last month’s news that […]
David Goodman | Jan 25, 2013 |
Supermarket News

Cerberus to invest in Supervalu, install new leadership

Only a couple weeks after a group led by Cerberus Capital Management agreed to buy five Supervalu grocery chains for $3.3 billion, an investment group led by Cerberus is scheduled to take control of 20-30% of Supervalu and install a new executive leadership group. According to Neil Stern, a senior partner at McMillanDoolittle, it’s a […]
David Goodman | Jan 25, 2013 |
Supermarket News

National chain expansion hits five-year high

According to a report issued by RBC Capital Markets, demand for retail space in the U.S. hit a five-year peak at the end of 2012, with nearly 82,000 stores scheduled to open within two years. According to Analyst Rich Moore, many of the chains with expansion plans are national retailers looking to fill small shop […]
David Goodman | Jan 18, 2013 |
Supermarket News

Wegmans and Whole Foods among best companies to work for

Four food retailers, including Wegmans and Whole Foods, made Fortune magazine’s annual list of the “100 Best Companies to Work For.” Wegmans ranked 5th (as compared to 4th last year), Whole Foods ranked 71st (32nd last year), Nugget Market (California) ranked 34th (no change), and Publix ranked 77th (78th last year). Two-thirds of a company’s score […]

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