EQUITY RETAIL BLOG

Amazon launches 30-minute curbside pickup at Whole Foods

Amazon announced earlier this month that it has launched a new curbside pickup service for Amazon Prime members at select Whole Foods stores. The service is currently available in Sacramento, CA and Virginia Beach, VA, and Amazon plans to expand it to other cities later this year. Through the service, customers can place orders via […]

Weis Markets launching same-day delivery via Shipt

Weis Markets announced that it will rollout same-day delivery via Shipt beginning on September 6 in 11 markets throughout Pennsylvania, Delaware and Maryland. Shipt, based in Alabama and owned by Target, said the rollout will give nearly 2.6 million households access to products delivered from Weis in as soon as one hour. The same-day service […]

Healthcare Real Estate Is Being Pulled In Multiple Directions

Matthew Rothstein’s article in Bisnow East Coast, on how healthcare is changing rapidly as an industry, brings up some interesting points on how the traditional model of decentralized primary care providers, specialist networks and inpatient hospitals has become obsolete. He points out that the current drive to make access to healthcare a simple, short trip […]

Kroger partners with China e-commerce giant Alibaba

Kroger announced last week that it plans to test sales of its Simple Truth natural and organic brand  through Alibaba, China’s largest e-commerce retailer. The move will give Alibaba’s 500+ million Chinese consumers access to Kroger’s Simple Truth brand. Kroger pointed out that the partnership supports its strategic plan to redefine the grocery customer experience […]

Two women visited all 97 Wegmans stores in one week

According to several news reports, two “Wegmaniacs” decided to spend their vacation time by visiting all 97 Wegmans stores in one week. Yes, two women traveled nearly 4,000 miles in six states doing nothing but driving to and from Wegmans. Apparently they documented their journey on Instagram. I don’t know the account name, and I’ve […]

Target posts best quarter in over a decade

Target announced this week that the company’s second quarter results were its strongest in more than a decade, fueled by a 6.5% same-store sales increase, as well as a 6.4% increase in customer traffic. Last year Target began implementation of a strategy that earmarked $7 billion to improve digital operations, expand private label collections, lower […]

Rite Aid calls off Albertsons deal

The planned merger between Albertsons and Rite Aid was called off earlier this month due to concerns that the drug store chain’s investors wouldn’t approve the deal. At issue was the $24 billion price, which many of the stockholders and third party advisory firms felt was insufficient. The deal was originally announced in February and […]

Giant opens new, improved store in Feasterville

Earlier this month Giant Food opened its new Feasterville, PA location. The new store is 66,000 square feet, approximately 25 percent larger than the store down the street that closed a day before the new Giant opened. The new location includes an expanded fresh produce department with more organic selections, fresh-squeezed juices, in-store cut fruit, […]

What’s in YOUR State? (The 50 states of retail development)

ICSC’s recent article on retail developments in each state details how developers are moving dirt across the country: building new retail and mixed-use centers and renovating and rehabbing existing properties. Here’s the view from 30,000 feet….  

Fast Casual Traffic Only Segment to Grow in Last 5 Years

Even though much of the U.S. restaurant industry continues to struggle with sluggish customer visits, the fast casual channel continues to grow. This July 2018 QSR article discusses how visits to fast casual restaurants have grown 6 percent annually over the last five years, stemming in large part from store openings, and how fast casual […]