RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jun 25, 2012 |

Market Study: ShopRite, Giant tops again in Greater Philly sales

I received the highly anticipated Market Study issue of the Food Trade News last week.  As usual, there was an incredible amount of information about the supermarket industry in the PA, NJ and DE markets. The headline was that ShopRite remains a strong leader (based on total sales) in the 55-county market area that stretches […]

David Goodman | Jun 22, 2012 |

Bernie Kenny turning Delaware ShopRite business over to son Chris

After more than 50 years in the supermarket business and 12 years as the chief executive of Delaware Supermarkets Inc., Bernard Kenny is stepping down. His son, Chris Kenny, will become CEO while Bernard will remain active as chairman. Delaware Supermarkets currently has five stores under the ShopRite (Wakefern) brand, and has a 15% share […]

David Goodman | Jun 21, 2012 |

Supervalu can be bought at a big discount, analysts say

Supervalu (Acme, Save-A-Lot), which operates more than 2,000 supermarkets in the U.S. including Albertsons, Jewel-Osco and Shaw’s, continues to generate press as a  takeover target. Last week, Bloomberg said that Supervalu “is offering private equity shoppers the biggest discount of any supermarket chain in America.” Here’s why: The company is expected to turn a profit […]

David Goodman | Jun 20, 2012 |

More on the McCaffrey's-Giant-Genuardi's deal...

Although I already wrote about McCaffrey’s deal with Giant to take the Genuardi’s space in Newtown, PA (McCaffrey’s to acquire Genuardi’s in Newtown, PA), Maria Panaritis’ story in today’s Philadelphia Inquirer sheds more light on the deal. Philadelphia Inquirer: In the end, a small supermarket chain gets its Genuardi’s

David Goodman | Jun 13, 2012 |

Walmart less threatening to supermarkets than it used to be

Supermarket News asks food retailers every year “which alternative channel has posed the biggest threat to Center Store sales in supermarkets?” Walmart has consistently remained the top threat, but the fear they put into supermarket competitors is obviously diminishing. In 2009, 64% of respondents listed Walmart as the number one threat. In 2010, 50% of […]

David Goodman | Jun 11, 2012 |

Acme's parent company to lay of workers in CA, NV

Acme’s parent company, Supervalu, announced last week that it plans to layoff 2,200 – 2,500 employees at its Albertsons supermarkets in California and Nevada later this month. Supervalu, headquartered in Minnesota, is trying to lower costs, pay down debt from its 2006 Albertsons acquisition, and compete more successfully with rivals like Safeway and Kroger.

David Goodman | Jun 07, 2012 |

McCaffrey's to acquire Genuardi's in Newtown, PA

On Monday I referenced a Food Trade News story that said the Newtown, PA Genuardi’s will be acquired by an independent operator rather than by Giant, as previously planned. Yesterday it was announced that the independent operator is actually McCaffrey’s Market, which operates stores in nearby Lower Makefield, PA as well as East Windsor and […]

David Goodman | Jun 04, 2012 |

The Fresh Market reports significant first quarter gains

Last week The Fresh Market, which operates 116 stores in 21 states – including three in Greater Philadelphia, announced a first quarter net income increase of 43% over the same quarter one year ago.   Net income for the fiscal first quarter, which ended April 29, 2012, was $19.3 million. Sales totaled $324.8 million, up […]

David Goodman | Jun 04, 2012 |

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 |

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…

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