RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

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 […]
David Goodman | Nov 21, 2012 |
Supermarket News

Supervalu freezes pay, lays off workers as buyer conducts due diligence

Supervalu, the troubled supermarket chain whose banners in the Philadelphia region include Acme and Save-A-Lot, announced last week it would implement a pay freeze for all employees at its corporate headquarters in Minneapolis, MN. The company said it will also reduce or suspend matching contributions to employees’ 401(k) plans starting next year. Earlier in the […]
David Goodman | Nov 14, 2012 |
Supermarket News

Three Super Fresh stores to close in NJ

A&P has announced it will close three New Jersey Super Fresh stores in January. The stores are located in Evesham (Marlton), Haddon Township and Plainsboro. Since New Jersey-based A&P filed for bankruptcy protection nearly two years ago, several of its banners have closed in the state, including many Pathmark stores and a Super Fresh. Stores […]

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