EQUITY RETAIL BLOG

Retail Predictions for 2021

The pandemic, and recovery from it, will likely define the year as consumers look to refresh their wardrobes and retailers hold on to new practices that worked, analysts say. After a year that unfolded unlike anybody’s predictions, the retail industry and its analysts are trying to game out what 2021 could look like as COVID-19 […]

Costco finally testing curbside grocery pickup

After holding out for quite some time compared to other food retailers, Costco has begun piloting curbside pickup for groceries in New Mexico. According to its website, same-day Costco Curbside Pickup via Instacart is available at three warehouse clubs where customers can select from about 2,000 grocery items, including fresh fruit and some nonfood products. […]

How to Negotiate a Retail Lease—the Letter of Intent (LOI)

Signing a letter of intent is an important milestone on the path to negotiating a retail lease. The LOI is a nonbinding agreement that puts businesses and landlords on the same page before either party signs the more-detailed—and legally binding—retail lease. Equity CRE routinely negotiates letters of intent on behalf of clients ranging from mom-and-pop […]

Amazon tops consumer survey ranking grocery retailers; beats Trader Joe's and others

In a recent survey of 10,000 U.S. consumers, Amazon was the preferred retailer for groceries, beating out Trader Joe’s and other regional and national chains. The survey was conducted by consumer data science firm dunnhumby. The top 25%, in order, were as follows: Amazon H-E-B (#1 in 2020) Trader Joe’s (#1 in 2018 and 2019) […]

Lidl has three stores in the works for Bucks County

Lidl is reportedly planning three new Bucks County, PA supermarkets. They are slated for Warminster, Bristol Township and Bensalem. The Warminster location is planned for a parcel where a Pathmark once stood on York Road, near the intersection of Street Road, across from Archbishop Wood High School. Madison New Falls Associates recently reeived approval from […]

Sources say Jeff Brown considering a run for Philly Mayor

The Philadelphia Tribune reported last week that Brown’s Super Stores President and CEO Jeff Brown is weighing a run for mayor in 2023. Brown owns and operates several ShopRite stores in Philadelphia and the suburbs, and has garnered goodwill over the years by placing supermarkets in food deserts, employing a largely African American workforce, and […]

Equity CRE’ ‘Wish List’ Items for the Year

If you go to the Equity CRE page on LinkedIn and scroll through the posts from the past eight or nine months, you’ll see lots of perfectly normal content for a firm like ours. There are store-opening announcements congratulating Pancheros, Starbucks, Firestone and other clients; pics and videos highlighting leasing and land-sale opportunities; status updates […]

Properties Near Aldi Perform Better

If you’re thinking about investing in a rental property, you might want to look at buying near an ALDI, according to ATTOM Data Solutions’ annual 2020 Grocery Store Wars analysis. Properties near an ALDI had an average gross flipping ROI of 58 percent, compared to properties near a Whole Foods, which had an average gross […]

Price appreciation compared for homes near Aldi, Trader Joe's and Whole Foods

Homes near an Aldi grocery store realized an average five-year home price appreciation of 41 percent, according to ATTOM Data Solutions’ annual Grocery Store Wars analysis, which was released just before Christmas. Trader Joe’s (35%) and Whole Foods (33%) were close behind. The study shows how living near a Trader Joe’s, Whole Foods or an […]

Giant Supermarket proposed for Richboro Plaza in Bucks County

Earlier this month the Northampton Township (Bucks County) Planning Commission recommended approval for plans to redevelop Richboro Plaza on 2nd Street Pike with a new, 50,340 square foot Giant supermarket. Giant will be built on the site of the former Murray’s Richboro Market, which operated there from 1978 until 2018. Murray Battleman, who ran the […]