EQUITY RETAIL BLOG

Sprouts to build smaller, simpler stores

Sprouts Farmers Markets announced last week that it is dialing back its store plans for 2020 and will build smaller and simpler stores in the future. Earlier this year – prior to new CEO Jack Sinclair’s start in late June – the company said it planned to add bigger and more elaborate stores across a […]

Save-A-Lot to offer Amazon pickup and payment services

Save-A-Lot announced on Monday that by the end of 2020 it plans to have about 400 stores as pickup and payment sites for Amazon purchases. The discount grocer plans to offer Amazon’s PayCode and HubLocker services. With PayCode, customers can purchase an item on Amazon.com and select the PayCode option. They then receive an Amazon […]

Philly's new Heirloom Market to feature in-store taproom

Giant’s third Heirloom Market in Philadelphia is scheduled to open in a couple weeks in Northern Liberties, and according to the company it will feature an in-store taproom with craft beers and wine. The taproom, called the Underground, will offer customers samples or a full pour, and will include shuffleboard, arcade games, a Scrabble wall […]

Amazon offers free grocery delivery to Prime members

Amazon announced that beginning today, they will offer one- and two-hour grocery delivery to Prime members in certain geographic areas for no additional cost. Prime members, who pay a $119 annual membership fee, previously had to pay an additional $14.99 per month for the Amazon Fresh same-day grocery service. The free delivery service for Prime […]

ShopRite reopens in Mount Laurel as Trader Joe's opens second Philly store

Following an eight-month, $10 million renovation, ShopRite celebrated the grand reopening of its store in Mount Laurel’s East Gate Square last week. The expanded store has new lighting, ovens and flooring, as well as a sushi station, cheese area, sandwich station and salad bar. Trader Joe’s opened last week as well. The company’s second Center […]

Giant Delivers: revamped delivery platform in Mid-Atlantic

Earlier this month Giant Food of Landover announced the launch of Giant Delivers, a revamped version of its online delivery program formerly known as Peapod. The brand refresh is part of Giant’s “The Little Things are Giant” platform. Giant Food of Landover operates 163 supermarkets in Virginia, Maryland, Delaware and Washington DC. According to the […]

Lidl offers heath benefits to part-timers as Whole Foods drops them

Shortly after Whole Foods announced that it plans to eliminate health care benefits for part time workers, Lidl announced that it plans to offer health care coverage to all employees regardless of the number of hours they work weekly. Lidl said earlier this month that beginning January 1, 2020, about 1,200 part-time employees will be […]

Wegmans opens landmark stores in Brooklyn and Raleigh

Shortly after the opening of Wegmans’ 100th store, the company is celebrating the opening of store #101 today in Brooklyn. Located in the redeveloped Admirals Row site at the Navy Yard, the company’s first-ever New York City store is 74,000 square feet and features a second-floor mezzanine with nearly 100 seats for a cafe that […]

Leasing to Local Tenants

On paper, the idea of leasing space to a national retailer will often seem more attractive than leasing to local tenants. However, locally owned businesses are often the lifeblood of neighborhood and community shopping centers, and therefore extremely valuable to your property. Since local tenants often come to retail centers with no brokerage representation and […]

Will Healthcare Become Big Business for Best Buy?

Best Buy is known as the largest U.S. specialty electronics retailer, but some day, it may be better identified with healthcare instead. By Andria Cheng, Senior Contributor, Forbes.com As Best Buy has said, health monitoring services for seniors and other digital health initiatives mark a key part of its growth strategy. The retailer over the […]