EQUITY RETAIL BLOG

Interview: Margo McDonnell of 1031 Corp

If you’re thinking about selling one investment property and buying another at the same time, you may also want to consider a 1031 tax-deferred exchange. This practice takes its name from Section 1031 of the U.S. tax code and allows property owners to sell real estate and purchase a comparable property while deferring capital gains […]

10 retail trends to watch in 2020

RetailDive.com, January 6, 2020 From the evolution of pure-play e-commerce to the purpose of brick and mortar, the Retail Dive team serves up their predictions for 2020. By Kaarin Vembar, Ben Unglesbee, Cara Salpini, Daphne Howland, Caroline Jansen The on-again, off-again, maybe-on-again of tariffs that got on retailers’ last nerve in 2019 serve as a neat […]

Save A Lot secures new financing, plans to modernize

Save A Lot announced that it has secured new financing to recapitalize its business and deleverage its balance sheet. The discount grocer, owned by Canadian private equity firm Onex Corp. since 2016, plans to use the funds to support operations and speed up efforts to modernize its stores. The agreement calls for Save A Lot […]

Wawa ranked as #2 convenience store in U.S.

Food & Wine Magazine has named Wawa as the second best convenience store in the U.S., behind Texas-based Buc-ee’s. Stewart’s, an Upstate New York chain, was third, just ahead of Sheetz. According to the magazine, Wawa is “part of the glue holding the region together for generations.” In addition, it states that “Wawa isn’t just […]

Giant Food parent to spend $480 million on U.S. supply chain operations

Ahold Delhaize USA, the parent company of the Giant, Giant Martin’s, Food Lion, Hannaford and Stop & Shop supermarket chains, announced that it plans to invest $480 million in its supply chain operations over the next three years. Ahold’s plan includes the acquisition of three warehouses from C&S Wholesale Grocers (two in PA and one […]

Wegmans to add distribution center in Virginia

Wegmans Food Markets, which recently opened its 100th store, plans to build a new regional distribution center in Ashland, Virginia. The 1.1 million square foot, $175 million facility is slated to begin operations in 2022. Wegmans currently has regional distribution centers in Rochester, New York and Pottsville, Pennsylvania. The company has been entering new markets […]

Walmart piloting self-driving delivery vehicles

Walmart announced earlier this month that it plans to pilot grocery delivery using Nuro autonomous vehicles in Houston in the coming months. The self-driving, electric vehicles will bring online grocery orders to customers’ homes. At first the service will be available only to customers who opt in, but plans call for the world’s largest retailer […]

Lidl plans to acquire 6 Shoppers stores in MD & VA

Earlier this month Lidl announced that it plans to acquire six Shoppers Food & Pharmacy locations from United Natural Foods Inc.  Five of the stores are in Maryland and one is in Virginia. Shoppers currently has 43 stores but expects to be down to 26 after additional deals with other grocery chains and operators. In […]

Chasing Amazon, Retailers Are Caught in an Arms-Race

The economy is relatively strong, and consumers are spending. So why are things so tough for some retailers? Amazon is part of the picture… New York Times, By Sapna Maheshwari and Michael Corkery Nov. 25, 2019 Retailers are trying everything they can to keep up with Amazon. Macy’s offers same-day delivery and in-store returns for online purchases. Black Friday […]

Lidl to open first Philadelphia store next week

In a release issued today, Lidl announced that its first Philadelphia store would open next Wednesday, December 11, in the city’s Port Richmond section. Later this year the second Philadelphia location is slated to open on Roosevelt Boulevard in the Northeast. There are currently five operating stores in Pennsylvania, with more planned, including Lansdale, Sinking […]