EQUITY RETAIL BLOG

Sprouts plans 13 more stores for the second half of the year

Sprouts Farmers Markets announced that it plans to open 13 stores in six states during the second half of 2019. Openings are slated for Virginia, Florida, California, Maryland, North Carolina and Arizona. The company recently opened its first Pennsylvania store in Philadelphia, and a store is scheduled to open on June 5 in Marlton, which […]

Giant opens six stores in four states

Giant Food Stores announced last month that it opened six new stores in four states. Five of the stores were Shop n’ Save stores that Giant converted to Martin’s Food Markets, and one was a newly constructed Giant to replace a closed store nearby. Giant acquired the Shop n’ Save locations from Supervalu last November […]

Walmart wins bid for liquor license in PA

Walmart submitted the top bid for a restaurant liquor license earlier this year for a store in South Union Township in southwestern Pennsylvania. It’s the first liquor license in PA for Walmart, assuming the company files the required application and is awarded the license. “We want Walmart customers in Fayette County to save money so […]

The Retail Brokers Network

What is the Retail Brokers Network (RBN) and why did Equity CRE join?   The RBN is a national networking group founded in 1992 whose members are like us – successful independent brokerage firms that specialize in retail real estate. Upon joining in 2001, we wanted the ability to refer business nationally, while taking advantage […]

Amazon still dominant, but competitors gaining ground

Nielsen reported recently that Amazon’s e-commerce lead is shrinking as major brick-and-mortar retailers like Target, Walmart and Kroger – along with e-grocery company Instacart – have outpaced Amazon in percentage growth of online consumer packaged good (CPG) purchases. In the two-year period beginning in January 2017, the number of e-commerce buyers of grocery and other […]

Lidl applies for $9.5 million in PA redevelopment grants

It was revealed last month that Lidl is seeking $9.5 million in Pennsylvania redevelopment grants for six stores, three of which are planned for Philadelphia – South Columbus Blvd. in South Philly, Butler Street in Port Richmond, and Roosevelt Blvd. in Northeast Philly. The three other stores Lidl is seeking grants for are in Dover […]

Lyft to expand Grocery Access Program

Lyft announced recently that is plans to expand its Grocery Access Program, which provides affordable rides to grocery stores for families in underserved areas. After a successful pilot program in Washington, D.C., the effort will spread to 14 more markets: Atlantic City, NJ; Baltimore; Chicago; Columbus, OH; Detroit; Indianapolis; Los Angeles; Miami; Philadelphia; Phoenix; Portland, […]

Walmart to spend $83 million on PA remodel this year

Walmart announced last month that it plans to spend approximately $83 million this year to remodel 15 Pennsylvania stores. Stores set for improvements include locations in Harrisburg, Philadelphia and Quakertown, among others. The $83 million planned for Pennsylvania stores is part of about $11 billion in total capital expenditures planned by the company in fiscal […]

Artificial Intelligence on display at Walmart Intelligent Retail Lab

Walmart opened its new Intelligent Retail Lab last week inside a 50,000 square foot Neighborhood Market grocery store in Levittown, NY, which is on Long Island. According to the company, the store will test new, innovative ideas with the help of artificial intelligence-enabled cameras, interactive displays and a massive data center (in full view of […]

Weis to spend $109 million on capital expenditures this year

Weis Markets announced late last month that the company plans to invest $109 million in capital expenditures during 2019. The investments are slated for new stores, remodels, supply chain improvements and technology upgrades. In the same announcement, a Weis executive said that sales rose to a record $3.5 billion in 2018, with comparable-store sales increasing […]