RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jan 18, 2013 |
Supermarket News

Performance during hurricane boosts Ahold sales

Giant Food parent Ahold reported last week that their 4.3% fourth quarter sales growth was helped by their ability to keep stores open during Hurricane Sandy. Sales in the U.S. for the full year were up 3.1% to $25.8 billion, with comparable sales up 1.9%. Ahold also said that the 15 Genuardi’s stores it acquired […]
David Goodman | Jan 18, 2013 |
Supermarket News

Fresh Direct expanding online grocery service to suburbs

Online grocer Fresh Direct, which introduced its service to a limited area in Philadelphia last October, said earlier this week it has expanded into parts of Montgomery and Delaware Counties, and will soon provide grocery delivery for portions of Chester, Bucks, Camden, Burlington and Mercer Counties. According to the company, the demand for its service […]
David Goodman | Jan 18, 2013 |
Supermarket News

Three Bottom Dollar stores to close in PA

Delhaize America announced yesterday it would close Bottom Dollar food stores in North Wales, Chalfont and Reading, PA. The company is also closing 33 Sweetbay stores in Florida and eight Food Lion locations in North Carolina, South Carolina and Virginia. All the stores are expected to close by mid-February. Bottom Dollar entered the Philadelphia market […]
David Goodman | Jan 16, 2013 |
Supermarket News

Property worth $4.4 billion in Supervalu deal

In a Wall Street Journal story published earlier this week, Karen Short of BMO Capital Markets estimates the property value of the real estate bought by Cerberus Capital Management and its partners from Supervalu to be worth $4.4 billion. The partnership group agreed to pay $3.3 billion for Albertsons, Acme, Jewel-Osco, Star Market and Shaw’s […]
David Goodman | Jan 16, 2013 |
Supermarket News

Bottom Dollar parent ousts 15 execs in restructuring effort

Delhaize America CEO Roland Smith sent a memo to employees last week detailing a high-level restructuring that resulted in the ouster of 15 executives. According to reports about the memo, the company failed to realize cost-saving targets that were established last year. The move follows the appointment of new presidents at Food Lion and Hannaford […]
David Goodman | Jan 10, 2013 |
Supermarket News

Supervalu sells Acme and four other brands; Kimco in on the deal

Supervalu announced this morning it has a deal in place to sell Acme and four other supermarket chains for $3.3 billion to a group led by Cerberus Capital. The Cerberus group includes Kimco, the largest shopping center owner in the U.S., and Lubert-Adler Partners of Philadelphia, among others. Albertsons, Jewel-Osco, Shaw’s and Star Market stores will […]
David Goodman | Jan 03, 2013 |
Supermarket News

A&P close to a sale of its Food Emporium chain

According to a story in Crain’s New York Business, the sale of A&P’s 16-store Food Emporium chain in Manhattan is imminent. As of late last month, the investment banking firm Duff & Phelps was soliciting final bids from buyers, including Kings Food Markets, a 24-store chain that operates in New Jersey, Long Island and Connecticut, that […]
David Goodman | Jan 03, 2013 |
Supermarket News

7-Eleven to focus on fresh foods

According to a 7-Eleven spokesperson, the company is diving deeper into the competitive food business as it plans to eventually make fresh foods 20% of its total sales. Diminished tobacco sales as well as greater demand for healthier food contributed to the strategy shift. “We have an internal team of experts… working on our fresh […]
David Goodman | Dec 26, 2012 |
Supermarket News

Weis opens large, green supermarket in Fogelsville

Weis Markets opened its newest store earlier this month in Fogelsville, and at 65,800 square feet it’s the company’s largest in the Lehigh Valley. It is also expected to be the Valley’s first grocery store to be LEED-certified by the U.S. Green Building Council. According to Weis, the store will use approximately 22 percent less […]
David Goodman | Dec 26, 2012 |
Supermarket News

Dollar General cautious, but still planning hundreds of new stores

Despite strong third quarter sales and earnings results, Dollar General CEO Rick Dreiling is cautious about the fourth quarter. He says customer spending has been erratic, which indicates uncertainty about the economy. “It is my belief that our core customers are concerned about their financial outlook, which is resulting in a dynamic that is driving […]

David Goodman

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