RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jun 04, 2012 |
Supermarket News

Weis Markets to close on 3 Genuardi's stores next week

I’ve written before about Giant’s plan to take over 16 Genuardi’s stores (The Genuardi’s list – sold, closing and still for sale…) and Weis Markets’ acquisition of three Genuardi’s locations (Weis to buy three PA Genuardi’s stores), but not much has been said about when all these changes will take place. One of the first […]
David Goodman | May 30, 2012 |
Supermarket News

Aldi employees at MN store to vote on unionization

Aldi employees at a store in St. Paul, Minnesota will decide next month if they want to be represented by a union. A positive vote would result in the first unionized store in the U.S. for Aldi. Stay tuned…
David Goodman | May 29, 2012 |
Supermarket News

A&P going local with store design and product mix

A new marketing strategy for A&P and its brands (including Pathmark and Super Fresh in the Philadelphia region) is emerging as the formerly bankrupt company tries to increase sales and profits. The new approach, which includes physical improvements and merchandise tailored to the stores’ locations, reflects an attempt to make each location “the supermarket of […]
David Goodman | May 24, 2012 |
Supermarket News

Traditional supermarkets lost stores in 2011, high-end grocers added stores

Supermarket powers Safeway, Kroger and Supervalu closed more traditional stores than they opened last year, while higher- and lower-end stores continued to add stores.   Safeway, which includes Genuardi’s in the Greater Philadelphia region, ended 2011 with 1,678 stores, a net decrease of 16 locations (22 closures and 6 openings). Kroger, the only chain of […]
David Goodman | May 14, 2012 |
Supermarket News

SRO for "Wegmans... The Musical" in Boston suburb

About six months after Wegmans opened in Northborough, MA, which is about 40 miles east of Boston,  the town played host to “Wegmans… The Musical!” The show, written and performed by students at Algonquin Regional High School, opened last Thursday to a standing-room-only crowd of 900. It also closed, as it was a one-night-only production. […]
David Goodman | May 08, 2012 |
Supermarket News

Whole Foods reports "best results in history"

Last week Whole Foods Market reported another outstanding quarter, “producing the best results in our company’s 32-year history,” according to Co-CEO John Mackey. For the quarter ended April 8, 2012, Whole Foods reported a profit of $117.7 million, a 31% increase over the same quarter last year. They also reported the following: Sales up 14% […]
David Goodman | May 04, 2012 |
Supermarket News

Weis posts strong earnings, Bottom Dollar exceeding expectations

Weis Markets said yesterday that improvements in store productivity and cost controls contributed to net earnings of $20 million for its fiscal first quarter, an increase of 7.7% compared to the same period last year. In addition, sales increased 0.3% to $661.6 million, and comparable store sales improved by almost 1%. On the other hand, […]
David Goodman | May 03, 2012 |
Supermarket News

Experts weigh in on Target's PFresh model

Tuesday’s Supermarket News story on the impact of Target’s PFresh food sections, which are in 875 Target stores and typically cover about 17,000 square feet, quoted several industry experts. Here’s a sampling: From Neil Stern, managing partner, McMillan Doolittle (Chicago): – “The way Target has set up PFresh allows it to talk about a grocery offering […]
David Goodman | Apr 30, 2012 |
Supermarket News

Cap rates for grocery-anchored centers in low 6% range

A recent story on RetailTrafficMag.com stated that “with scores of institutional buyers looking for quality assets in primary markets, competition for class A centers is fierce and top-tier grocery-anchored shopping centers are now trading at cap rates in the low 6 percent range, while cap rates for core malls have sometimes dipped below 5 percent,” according […]
David Goodman | Apr 30, 2012 |
Supermarket News

Weis to invest $125 million in store growth program

Weis Markets reported last week that it will invest $125 million in store growth this year, including two new stores and several major remodels. The investment represents a 25% increase over 2011. According to the company, the ongoing renovation program has reached approximately two-thirds of Weis’ 159 stores so far, and has contributed to sales […]

David Goodman

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