EQUITY RETAIL BLOG

Saladworks opens seventh supermarket restaurant

Saladworks opened its first store inside a Giant supermarket late last month in Camp Hill, PA. The company also has restaurants in five ShopRite stores plus one in The Fresh Grocer. In Camp Hill, the Saladworks counter is near the Beer & Wine Eatery in the food court area, which also includes a Starbucks and […]

How to Find a Retail Store for Rent (Part 3): Negotiating the Deal

So far in this series, we’ve covered some of the key considerations involved in how to find a retail store for rent — from conducting your initial web research, to scouting sites in person, to consulting with expert retail brokers on critical factors such as location, traffic, visibility and retail market rents. Now let’s take […]

Pearl: A Retail Success Story

Pearl Brewery in the Year of COVID-19 Management of this San Antonio mixed-use retail site rose to the challenge of the pandemic by partnering with its tenants. By John Salustri, GlobeSt.com With all of the ink spilled over retail’s trials during COVID-19, one critical factor is typically overlooked: the need for connectedness. It’s a key […]

Acme Markets to acquire 27 Kings and Balducci's stores

Acme Markets, a wholly-owned subsidiary of Albertsons, plans to purchase 27 Kings Food Markets and Balducci’s Food Lover’s Markets for $96.4 million. Acme had the winning bid in a bankruptcy auction held earlier this month. KB US Holdings, the parent company for Kings and Balducci’s, had accepted a $75 million bid from investment firm TLI […]

How to Find a Retail Store for Rent (part 2)

When looking for a retail store for rent, Starbucks pays careful attention to access, visibility, co-tenancy, and other critical factors. Smaller entrepreneurs should do the same—whether a beginner looking to open his or her first store or restaurant, or an experienced franchisee aiming for unit growth in a new territory. The wrinkle here: Independent and […]

A Blockbuster Quarter!

Retailer’s Blockbuster Qtr. Surges Profits, Comps, Online Forbes.com, Walter Shoulberg An expanded e-commerce business — up 89% — was once again the hero this quarter for Bed Bath & Beyond, driving the home specialty chain’s first comp store sales increase since the end of its 2016 fiscal year. At the same time the retailer posted […]

Aldi to open next month in North Philly mixed-use development

Aldi confirmed last week that it will open its new store near North Broad Street in North Philadelphia sometime next month. The store will be on the ground floor of a 14-story, 475-unit residential building and represents the first time in Philadelphia that the discount retailer will be part of a mixed-use development. Aldi’s address […]

Giant to help revitalize Please Touch Museum market with $1.2M grant

The Please Touch Museum in Philadelphia will receive a $1.2 million grant from Giant for the museum’s yet-to-be-named market exhibit. For decades, the museum has featured an exhibit that provided kids with an opportunity to shop in a (pretend) grocery store and learn about food. (I remember it well, as it was my kids favorite […]

Online grocery shopping expected to double its market share by 2025

According to a study released last month, online grocery will grow to 21.5% of total U.S. grocery sales by 2025, more than doubling its current share of the overall grocery market. The study, conducted by grocery e-commerce specialist Mercatus and research firm Incisiv Projects, polled nearly 60,000 U.S. consumers across 20 states. For this year, […]

Restaurant sales grew in August as supermarket sales fell

According to data released by market research firm M Science, sales at major grocery chains dropped in August, while restaurant sales grew, a clear indication that Americans are spending more of their income allocated for meals in restaurants as states relax Covid restrictions. Not surprisingly, more densely populated areas, which have had more stringent dining […]