RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Jun 06, 2018 |
Supermarket News

Lidl replaces U.S. CEO

Lidl announced that it has replaced U.S. CEO Brendan Proctor less than a year after its initial expansion into America. Proctor’s successor is Johannes Fieber, who most recently served as CEO of Lidl Sweden. Although Lidl initially estimated it would open 100 stores by the end of 2018, the company currently  has only 53 stores […]
David Goodman | May 14, 2018 |
Supermarket News

Study shows that online grocery shopping and meal kit purchases are increasing

A recent study by Valassis concluded that consumers are embracing new grocery shopping options like online ordering and delivery, and meal kits. Of 1,000 U.S. adults surveyed, 7% said they order groceries online weekly, but that increases to 14% for parents, 12% for millennials, and 15% for millennials with children. In addition, 5% of all […]
David Goodman | May 14, 2018 |
Supermarket News

Instacart raises money to fuel expansion, add employees

Instacart announced last month that it received $350 million in financing from Coatue Management, a technology-focused hedge fund, and noted that it has raised more than $1 billion since 2012, with most of it still in the bank. According to the company, the additional funding will be used to double its employee count, fuel expansion, […]
David Goodman | May 11, 2018 |
Supermarket News

Amazon adding Prime perks at Whole Foods

After several weeks of speculation, the news broker earlier this month that Amazon is planning new Whole Foods benefits for its Prime members. According to a CNBC report, “the new perks will bring the might of Amazon’s membership program to the grocery industry, folding Whole Foods into a network other grocers are struggling to compete […]
David Goodman | May 11, 2018 |
Supermarket News

A&P sells off intellectual property

The Great Atlantic & Pacific Tea Co., which entered bankruptcy nearly three years ago before closing all of its stores, sold “substantially all of its intellectual property assets,” which consist of its store banners and private labels. Hilco Streambank, a company retained by A&P in 2015, announced that it brokered the sale of 23 A&P […]
David Goodman | May 11, 2018 |
Supermarket News

Giant expands Peapod service in PA

Giant announced last week that Peapod’s shopping and delivery services have become available to customers in a dozen new Pennsylvania zip codes, including stores in Reading, Birdsboro and Temple. The company says that 109 of the 170 stores under the Giant and Martin’s banners are now within the geography of Peapod’s delivery range. Through the […]
David Goodman | May 06, 2018 |
Supermarket News

Grocery store openings fell sharply in 2017

According to an annual “Grocery Tracker” report from JLL, grocery store openings dropped 28.8% in 2017 compared to the previous year. The report states that the decline reflects chains’ efforts to reexamine their current footprints and rethink strategies to deal with new online and brick-and-mortar competition. JLL said that California led the way in 2017 […]
David Goodman | May 06, 2018 |
Supermarket News

Giant adding stores and fuel stations in PA

Ahold Delhaize USA announced last month that Giant will undertake a $70 million capital spending plan that includes six new supermarkets, major remodels to two stores, and five new fuel stations in the next two years. New stores are planned for East Stroudsburg and Walnutport, and new stores will replace older locations in Feasterville-Trevose, State […]
David Goodman | May 06, 2018 |
Supermarket News

Amazon remains the low price online grocery leader, but Walmart is closing in

A study conducted by e-commerce specialist Profitero claims that Amazon remains the low price online grocery leader by a slim margin over Walmart. Profitero’s “Price Wars: Grocery, Household & Beauty” report found that Walmart.com’s grocery prices average 1.8% more than Amazon’s. Target ranked third in the study with Walmart’s Jet.com coming in fourth. “With consumer […]
David Goodman | May 06, 2018 |
Supermarket News

ShopRite to open second Bensalem store if landlord squabble resolved

Reports say that ShopRite may soon take 75,000 square feet of the vacant KMart in Bensalem, PA. According to a recent report in the Bucks County Courier Times, township council members approved plans for the grocery store on the condition that ShopRite operator Brown’s Superstore, Brookwood Shopping Center landlord Katz Properties, and neighboring landlord Korman […]

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