RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jan 23, 2012 |
Supermarket News

Delhaize to eliminate Bloom, open 7 Bottom Dollar stores this week

In separate announcements last week, Delhaize Group, parent company of Food Lion, Bottom Dollar and other supermarket brands, reported that it will eliminate the Bloom brand and open 14 new Bottom Dollar stores in the greater Pittsburgh, PA and Youngstown, OH markets in the next three weeks. The company currently has 49 Bloom locations, 42 […]
David Goodman | Jan 12, 2012 |
Supermarket News

Supervalu reports quarterly loss of $750 million

Supervalu reported a net loss of $750 million – or $3.54 per share – for the quarter ended December 3, 2011. The loss for the same quarter one year ago was $202 million. Sales for the quarter ended December 3 were $8.3 billion, compared to $8.7 billion for the comparable quarter one year ago. Supervalu brands […]
David Goodman | Jan 12, 2012 |
Supermarket News

Delhaize closing 126 Food Lions (2 in PA)

Delhaize America announced this morning that it plans to close 126 under-performing stores in this year’s first quarter as part of its “new game plan which is aimed at accelerating profitable growth.” Stores set to close include 113 in the Food Lion chain, 7 in the Bloom chain and 6 in the Bottom Dollar chain. […]
David Goodman | Jan 11, 2012 |
Supermarket News

A&P to close 14 stores, including one Pathmark in PA

In the past year, A&P has closed about 60 stores as they make plans to emerge from bankruptcy. And on Monday, 14 more closures were announced. The only Pennsylvania store slated to close is the Pathmark in Upper Moreland (Huntingdon Valley). The other stores include the following: Three NJ Pathmarks (Manahawkin, Kearney and Egg Harbor Township) Six NY Waldbaums and one NY Pathmark Two NJ […]
David Goodman | Jan 06, 2012 |
Supermarket News

The Genuardi's list - sold, closing and still for sale...

The news of the sale of 16 Genuardi’s stores to Giant is old news already (it was announced yesterday after months of rumors). Giant (Ahold USA) is paying $106 million in a sale that is expected to close later this year. Safeway, which operates more than 500 stores nationwide under banners such as Safeway, Vons, Dominick’s, […]
David Goodman | Dec 21, 2011 |
Supermarket News

Whole Foods resurgence due to cost cutting, more cash in the bank

Brian Gaar of the Austin American-Statesman (Austin, TX) interviewed Whole Foods Founder John Mackey last week, who explained that spending cuts, prudent store openings, a renewed focus on value and an increase in cash reserves are key factors in the company’s rising stock price and strong recovery from the recession. Mackey also weighed in on the […]
David Goodman | Dec 21, 2011 |
Supermarket News

Redner's to add third store in Delaware

Redner’s Markets, the employee-owned company that currently operates 40 Warehouse Markets and 16 Quick Shoppes in PA, DE and MD, has finalized plans for its third Delaware location. The new store will measure approximately 48,000 square feet and feature a self-service fuel station on the property. It will be located on DuPont Highway (Rt. 13) […]
David Goodman | Dec 19, 2011 |
Supermarket News

Winn-Dixie to merge with Bi-Lo... who's next?

Although the impending merger between Winn-Dixie and Bi-Lo doesn’t affect the Greater Philadelphia market, it’s newsworthy nonetheless. It is widely expected that we will see more such mergers and/or acquisitions in the coming months and years. And the next transaction – if the many rumors are true about Giant (Ahold) and Genuardi’s (Safeway) – may […]
David Goodman | Dec 09, 2011 |
Supermarket News

Wegmans MA store (70,000 SF) to be smallest in a decade

Last Monday, Wegmans announced that its upcoming store in Newton, MA (a densely-populated suburb that borders Boston), planned for 70,000 SF, will be its smallest in a decade. By comparison, the nearby Northborough, MA location is 138,000 SF, and the store recently announced for Montgomeryville, PA will be 120,000 SF. A Wegmans spokesperson said the 70,000 SF footprint […]
David Goodman | Dec 08, 2011 |
Supermarket News

Coke and Herrs chips top edible grocery sales in the Delaware Valley

The Food Trade News is a great source of valuable news for me, and it’s also a great source for not-so-valuable-but-interesting information. For example, the November 2011 issue includes the list of the Top 200 Edible Grocery Items by dollar sales in the Delaware Valley. Not surprisingly, Coke (Classic) is tops, with nearly $25 million […]

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