RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Oct 16, 2012 |
Supermarket News

Walmart to invest billions in food pricing

Last week Walmart’s chief merchandising officer said the company plans to invest $6 billion in retail pricing by 2017, with the investment primarily in food and consumables. He also said they expect to have more than 500 Neighborhood Markets operating – with total sales of $10 billion – by fiscal 2016. According to Walmart’s website, […]
David Goodman | Oct 15, 2012 |
Supermarket News

Genuardi's disposition causes Safeway sales decline

Safeway reported last week that the disposition of its Genuardi’s stores in PA and NJ contributed to a sales decline in the third quarter ended September 8. The company realized an after-tax gain of $49 million and cash proceeds of $111 million on the sale of 16 Genuardi’s units and the closure of an additional store […]
David Goodman | Oct 15, 2012 |
Supermarket News

Analysts predict better year-end for supermarkets

Industry analysts said earlier this month that they expect the financial performance of supermarkets during the second half of the year to be slightly better than in the first half. Reasons cited include the following:   A slowdown in inflation, which may result in better value propositions; Slow but ongoing acceleration in the general economy; […]
David Goodman | Oct 10, 2012 |
Supermarket News

Supervalu attracting buyers for parts, not the whole

A Bloomberg story reported last week that Supervalu (Acme & Save-A-Lot in the Philadelphia market) has attracted buyers that are interested in parts of the company rather than the whole. Supervalu prefers to sell the entire company, and has extended the deadline for offers past the original October 15 deadline. It has been working with […]
David Goodman | Oct 10, 2012 |
Supermarket News

Retail vacancy rate declines in North/Central New Jersey

Although The Goldstein Group says that retail vacancies along highways in Northern and Central New Jersey dropped to its lowest level in three-and-a-half years this summer, their report notes that it’s still a tenant’s market. The vacancy rate dropped to 7.7% (from 7.9%), but 7.6 million square feet of empty space remains along 22 highway […]
David Goodman | Oct 09, 2012 |
Supermarket News

Online grocery shopping growing at high rate

Online grocery shopping is increasing at an annual rate of 9.6%, according to research recently published by IBISWorld. The company also estimates that online grocery shopping will be a $9.4 billion industry five years from now. Researches say the growth, which well outpaces the U.S. GDP, is largely due to the economic recovery and the […]
David Goodman | Oct 04, 2012 |
Supermarket News

Food sales boost Family Dollar earnings

Family Dollar reported fiscal fourth quarter earnings yesterday and announced that expanded selections of food played a large part in their sales gains. Overall consumables sales increased by 16% compared to the same period one year ago, with food experiencing double-digit comp-store sales growth. Net income for the quarter increased 1.4% to $80.9 million, with […]
David Goodman | Oct 03, 2012 |
Supermarket News

Independent grocers saw net profit gains in 2011

Independent grocery stores, which make up about 5% of the grocery market as compared to 20% 10 years ago, saw average net profits before taxes rise to 1.12% in 2011, a 3.7% gain from the previous year, according to a survey by the National Grocers Association and FMS Solutions. According to the survey, same-store sales […]
David Goodman | Sep 28, 2012 |
Supermarket News

Online grocer FreshDirect coming to the Philly market

Exactly one year ago today I blogged about Peapod by Giant’s entry into the Greater Philadelphia market (Peapod by Giant online grocery shopping to serve Greater Philly).  Today I’m writing about FreshDirect.com, although I just gave the lead sentence to its biggest competitor! FreshDirect, which has served the New York metro area for the last […]
David Goodman | Sep 13, 2012 |
Supermarket News

A&P to sell Food Emporium's Manhattan stores

The Great Atlantic and Pacific Tea Company (A&P), the parent company of Pathmark and Super Fresh, announced earlier this week it is selling Food Emporium’s 16 Manhattan locations. The stores, its leases and the brand name are for sale.   Earlier this year A&P emerged from bankruptcy as a private company, and also with 75 […]

David Goodman

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

Call David

1.484.417.2219

Envelope Linkedin-in Instagram