RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Mar 28, 2013 |
Supermarket News

Supervalu to eliminate 1,100 jobs

Just days after the sale of five of its grocery chains was completed, Supervalu announced it will eliminate about 1,100 jobs, or approximately 3% of its workforce. The company said its remaining business will need fewer corporate and store support roles and functions. Store-level and Save-A-Lot employees are not expected to be affected by the […]
David Goodman | Mar 28, 2013 |
Supermarket News

Philly Whole Foods to expand, relocate

Last week the Philadelphia Planning Commission approved zoning changes to the area around 22nd Street and Pennsylvania Avenue that will allow Whole Foods to relocate their existing store to a three-acre site bounded by Spring Garden Street, Hamilton Street, 21st Street and Pennsylvania Ave. A Best Western hotel currently sites on a portion of the […]
David Goodman | Mar 21, 2013 |
Supermarket News

ShopRite to open 75,000 SF store in Camden

The news spread quickly yesterday that ShopRite is planning a 75,000 square foot supermarket in Camden, NJ, which would be the first such store Camden has had since the early 1980s. Plans for a 20-acre retail shopping center at South 17th Street and Admiral Wilson Boulevard were unveiled by representatives of the Goldenberg Group and […]
David Goodman | Mar 21, 2013 |
Supermarket News

Whole Foods planning a health resort

USA Today reported last week that Whole Foods plans to open an upscale health resort where guests could stay and learn about a healthier lifestyle. The resort would most likely open in Austin, Texas, where the company plans to expand its headquarters. The story says Whole Foods co-founder John Mackey is negotiating for real estate and […]
David Goodman | Mar 21, 2013 |
Supermarket News

Walmart ramping up its smaller-format stores

Wal-Mart said earlier this month that its smaller-format stores are making inroads against dollar stores, supermarkets and pharmacies, and that the company will increasingly move toward stores below 60,000 square feet. During the current fiscal year, Wal-Mart’s Bill Simon said they expect to open about 115 smaller-format stores, with The Neighborhood Market and Express locations […]
David Goodman | Mar 21, 2013 |
Supermarket News

The Fresh Market sees income, sales rise in fiscal 2012

Earlier this month The Fresh Market reported that net income for their fourth quarter rose 12.6% to $20.6 million on sales of $369.9 million, a 15.3% increase (compared to the same period a year ago). Comparable-store sales rose 1.9% during the same period. For the full year, which ended January 27, net income rose 24.7% compared […]
David Goodman | Mar 21, 2013 |
Supermarket News

A&P to see $130 million gain from real estate transactions

A&P, parent company of Super Fresh, Pathmark and others, announced last week that pending leasehold sales and sale-leaseback deals are expected to generate in excess of $130 million for the company. The properties affected were not identified. President Sam Martin said the additional liquidity will help A&P invest in its stores and execute its strategic initiatives. A&P, […]
David Goodman | Mar 05, 2013 |
Supermarket News

Philly Whole Foods adds delivery service

Last month Whole Foods on South Street in Center City Philadelphia began offering a free grocery delivery service to a specified area surrounding the store. Customers just need to order at least $30 worth of products and limit their order to four bags of goods (that’s all the bikes can hold!). According to the company, […]
David Goodman | Mar 05, 2013 |
Supermarket News

Dollar Tree reports sales increase; won't add tobacco

Dollar Tree announced last week that its net earnings improved by 10.2% in the fourth quarter as compared to the same period a year ago. A 15.4% sales increase was a major factor, along with a slight improvement in margins and an extra week in the quarter. Comparable-store sales for the quarter increased 2.4%. In […]
David Goodman | Mar 05, 2013 |
Supermarket News

Grocers take top 3 spots in experience ratings

The third annual Temkin Experience Ratings, which evaluate a company’s overall customer experience, came out last week, and grocery chains fared well. Based on a study of 10,000 consumers, Publix, Trader Joe’s and Aldi earned the highest scores. Here are the top 12 performers: 1 – Publix 2 – Trader Joe’s 3 – Aldi 4 […]

David Goodman

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

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