EQUITY RETAIL BLOG

Mixing Digital Commerce with Brick-and-Mortar Retail

Retailers in Philadelphia and around the Northeast are driving traffic and sales by deftly combining the best of both worlds—online and “IRL” (in real life). Don’t be intimidated by all of the jargon—”multi-channel,” “omnichannel,” “BOPIS” and everything in between. At Equity CRE, we agree with the view expressed by Steve Dennis, a retail consultant and […]

Kroger sales increase 30% in March

The Kroger Co., which operates nearly 3,000 supermarkets in the U.S. and is the largest traditional supermarket chain in the country, reported last week that it experienced a 30% surge in store sales for March as compared to the same month in 2019. Not surprisingly, the increase was caused by Americans staying home and stocking […]

Save-A-Lot cuts debt, secures $350 million in new capital

In an effort to help fund its business transformation plan, discount grocer Save-A-Lot has secured $350 million in new capital. The company, owned by Canadian private equity firm Onex Corp., said last week that it completed a transaction that cut about $500 million in debt and brought an infusion of $350 million from lenders. Save-A-Lot […]

Giant Food parent to provide $10 million coronavirus relief package

Alhold Delhaize USA, the parent company of East Coast supermarkets Giant Food, Stop & Shop, Food Lion and Hannaford, announced this week that it plans to donate $10 million in the form of a relief package to address critical needs in the wake of the coronavirus pandemic. The company plans to distribute the funds in […]

Walmart to take employee temperatures upon arrival for work

Walmart, which employs 1.4 million hourly workers, announced this week that it will begin taking the temperatures of associates as they report to work in stores, clubs and facilities. Any employee that has a temperature of 100 degrees or higher will be paid but asked to return home and to seek medical treatment, if necessary. […]

Positive News (Yes, There is Some)

Stay Positive: Here Are 23 Pieces of Good News Regarding Coronavirus While most of the headlines today are distressing, there’s a handful of worldwide news doling out glimmers of hope in the midst of frightening times, and that’s important too. So, we’ve rounded up all the good news about the virus worth catching up on. […]

Tenants want rent relief – how are landlords reacting?

As a full-service brokerage firm that represents retail landlords and tenants alike, we remain in touch with our clients on a daily basis. A hot topic is rent relief. Many tenants have been forced to close by state mandate, and many of those that may remain open (restaurants that can only provide drive-thru or take […]

Walmart, Target making big investment in employees during pandemic

Walmart announced plans to pay U.S. hourly workers a cash bonus as part of a $550 million package in support of their work during the coronavirus pandemic, and Target announced that it will invest over $300 million in an hourly wage increase, bonus payments, paid leave and an employee relief fund. Walmart said it will […]

Instacart to hire 300,000 personal shoppers as demand rises

With COVID-19 cases mounting nationwide and order volume increasing 150% year over year in recent weeks, Instacart announced that it will hire 300,000 additional full-service personal shoppers over the next three months. The hiring push will significantly increase the size of the company’s personal shopper community. The hiring will focus on states with the highest […]

Village Super Market and Amazon awarded stores in Fairway Market auction

Yesterday I wrote that Amazon had bid on four Fairway Market stores (Amazon bids on Fairway Market stores in NY and NJ), along with bids from ShopRite operator Village Super Market and Food Bazaar operator Bogopa. In all, Fairway Markets, which had filed for Chapter 11 bankruptcy, operates 14 stores in New York City, Long […]