RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

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 | Dec 26, 2012 |
Supermarket News

Giant's 100th fuel station opens in Souderton

Giant Food Stores opened its 100th fuel station last week, which is located in front of a Giant store in Souderton, PA and directly across from a Super Wawa. Giant opened its first fuel station in 1998, and has recently been adding stations in the Philadelphia market. There are a number of developers looking for […]
David Goodman | Dec 07, 2012 |
Supermarket News

Tesco to shut down Fresh & Easy chain

Tesco, the British supermarket giant and the world’s fourth largest retailer, announced it will sell or shut down its 200 Fresh & Easy grocery stores. All of the stores are located in California, Arizona and Nevada, and the banner is Tesco’s only U.S. asset. Fresh & Easy began with its first store in Phoenix in […]
David Goodman | Dec 05, 2012 |
Supermarket News

Talks heating up between Supervalu and Cerberus

After reports last week that talks between Supervalu and Cerberus Capital Management had cooled, it looks like they have heated up again. A businessweek.com report earlier today says that the struggling national grocery chain is “moving toward a deal” to sell Albertsons and Save-A-Lot to Cerberus. Previous discussions centered around Cerberus buying the entire company, […]
David Goodman | Nov 29, 2012 |
Supermarket News

The Fresh Market reports increases in sales, income

The Fresh Market reported an excellent third quarter yesterday, although analysts had hoped for better results.   Net income for the quarter grew to $10.9 million, a 19% gain as compared to the same period one year ago. Sales reached $321.5 million, a 22.1% gain. Income per share was $0.23, compared to analysts expectations of […]
David Goodman | Nov 29, 2012 |
Supermarket News

Peapod by Giant online grocery service to expand

Ahold (Giant, Stop & Shop) officials were in Philadelphia yesterday, where they said the company will accelerate investment in its Peapod Internet shopping site. CEO Dick Boer said the growth of online shopping is the “biggest shift” in the retail food landscape. “People want to shop online,” he said. “More and more are selecting the […]
David Goodman | Nov 28, 2012 |
Supermarket News

Bottom Dollar opens store in Philly food desert Brewerytown

Discount grocer Bottom Dollar, which now has 40 locations in the Greater Philadelphia market, celebrated the opening of its store in the Brewerytown section of Philadelphia last week. The store was reportedly built with the help of municipal subsidies and is being hailed as the neighborhood’s first supermarket in more than 10 years. The next […]
David Goodman | Nov 26, 2012 |
Supermarket News

Save-A-Lot grocery store closes in Bristol, PA

The Save-A-Lot grocery store in Bristol, PA closed earlier this month. It had been in operation for about 10 years. Save-A-Lot’s parent company, Supervalu (Acme, Albertson’s, etc.) has been suffering significant losses for the past three to four years and is actively pursuing a buyer. Several analysts believe Save-A-Lot is one of the most desirable […]
David Goodman | Nov 21, 2012 |
Supermarket News

ShopRite planning restaurant (with beer!) in East Norriton

ShopRite is looking to join Wegmans and Whole Foods in the restaurant business. The Brown family, which owns 10 ShopRite stores in the Philadelphia region, is in the planning stages for a restaurant in its East Norriton, PA store. The company recently applied for a liquor license, and says it plans to serve craft beer when […]

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