EQUITY RETAIL BLOG

Lidl to increase starting hourly wage to $15 in Philly and PA suburbs

Lidl announced earlier this month that it plans to raise the starting pay for all hourly employees in the Philadelphia area to $15 an hour, effective April 15. Currently the company has two stores open in Philadelphia, plus suburban Philly stores in Folsom, Royersford, Norristown, Lansdale, and Exton. There are several more in other PA […]

TJX, Dollar Stores And Lots More Are Opening Lots More Stores In 2021

Reports of the death of physical stores seem to be greatly exaggerated. Don’t believe it? Ask TJX, the dollar stores, Five Below and lots of other retailers.

Lidl and Grocery Outlet open new stores in suburban Philly

Lidl opened its doors in Main Street at Exton in West Whiteland, PA last week. The 20,000 square foot store is in a portion of the space formerly occupied by Babies R Us. It’s Lidl’s 11th Pennsylvania store. Last week also saw the opening of Grocery Outlet Bargain Market in Swede Square Shopping Center, East […]

Commercial Property for Sale –Getting Ready for the Deal

By Ken McEvoy, Principal, Equity CRE When you have a commercial property for sale, it’s important to take an enterprising, deliberate and creative approach to getting it ready to put on the market. Below are five tips for maximizing the value of a retail commercial property for sale, whether a multi-tenant shopping center or a […]

Giant's two-level store to open in Philly's Riverwalk development

Giant announced that its 65,000 square foot, two-level “flagship” store in Philadelphia will open on March 19. The store will serve as the centerpiece of the Logan Square neighborhood’s Riverwalk mixed-use development, and operate below 25 floors of apartments whose occupants will have a private elevator into the second floor sales area. The Giant lobby […]

Price Chopper to merge with Tops Markets

Price Chopper and Tops Markets announced last week that they plan to merge and create a chain with nearly 300 supermarkets in six states. The new parent company will have more than 30,000 employees and be based in Schenectady, NY, with Price Chopper President and CEO Scott Grimmett serving as CEO. Tops is currently based […]

ShopRite closing 62 in-store pharmacies

Wakefern announced last month that it plans to close pharmacies in 62 ShopRite stores in New Jersey, Pennsylvania, Delaware, Maryland, New York and Connecticut. The in-store pharmacies have struggled in recent years as prescriptions by mail and the lack of expanded services like in-store clinics and patient counseling have negatively impacted their businesses. The closings […]

Aldi to open 100 new stores, add 500 more curbside pickup sites in 2021

Aldi announced last week that it plans to open about 100 new stores this year and extend curbside pickup to 500 more stores. The discount grocer said the expansion will be “coast to coast” and focus on Arizona, California, Florida and the Northeast. Aldi opened nearly 100 stores last year and now operates more than […]

Wegmans one step from approval in Lower Makefield, PA

The proposed Wegmans in Lower Makefield Township (Bucks County), PA is gaining steam, as the township’s planning commission voted unanimously to recommend land development approval late last month. The mixed-use development will now go before the township’s board of supervisors for a final vote. The proposed project includes a 100,000 square foot Wegmans, 200 luxury […]

Giant to build new, larger store in Doylestown

It was reported late last month that the existing Giant supermarket at Cross Keys Place in Doylestown, PA will move into a new, bigger store where Kmart once stood in the same shopping center. Kmart closed in 2019 and was razed to make way for the 72,500 square foot Giant that is expected to open […]