EQUITY RETAIL BLOG

Mixed reviews for Lidl so far

A recent story on fooddive.com reported that shoppers are giving Lidl’s new U.S. stores mixed reviews. The German grocer currently has 41 stores open in five states, with plans to establish at least 100 stores from New Jersey to Georgia by next summer (although multiple sources have reported delays in store openings due to slow sales). According to the […]

NEW STORES - September/October 2017

Please note, this list was compiled using a Google Alert for “new stores”.  The list is not guaranteed to be complete, but serves as a reference for the retail real estate community.  My hope is that it will be useful to you in some form or fashion.  In the least, it can serve as a sign […]

57 Gander Outdoors & Overtons to Open

Camping World Press Release According to this press release from the Camping World web site, at least 57 Gander Mountain stores will become Gander Outdoors or Overtons.  Camping World Press Release Guns.com Article The first 15-20 Gander Outdoors to open by 3/31/18 according to a Camping World SEC filing.  Guns.com Article

Vince 'Jim' Genuardi, supermarket pioneer, dead at 88

Vincent “Jim” Genuardi, who along with his brothers built the Genuardi’s Family Markets supermarket chain, died earlier this month. He was 88 years old. At its height, the Genuardi’s chain had 33 stores and 7,000 employees in Pennsylvania, New Jersey and Delaware. Genuardi’s daughter, Lisa Genuardi Wilson, said her father “was part of the committee […]

The Story of Casual Dining Restaurants

I liked this article because it simply is a good, current accounting of where the casual dining industry stands.  Morning Call Article If I start reading an article and find myself continuing, especially to the end, I imagine you might appreciate it as well.  Let me know if we can ever lend a hand in […]

Walmart adding same-day and in-home delivery to select markets

Walmart announced last week that it acquired Parcel, a technology-enhanced delivery company with experience in same-day perishable delivery. The company plans to use Parcel to help fulfill orders through Jet and Walmart in New York City. Parcel uses routing algorithms, a fleet of vehicles and trained employees to sort, load and deliver packages to customers. […]

Target expanding "Restock" delivery service

Target announced last month that it plans to expand Target Restock, its next-day delivery service, to eight new markets, including Philadelphia. Target Restock allows customers to fill a shopping cart-sized box with household items and have it delivered the next day for $4.99. Over 15,000 household items, including baby products and cleaning supplies, are eligible […]

Kroger - Ahold merger rumors have started

Last week the Cincinnati Business Courier reported that an analyst report out of Europe speculated that Kroger was pursuing a merger with Ahold Delhaize (Giant, Food Lion, Stop & Shop, Peapod, among others). On Wednesday of last week, Supermarket News reported that it was not able to verify the substance of the claim. Analysts have talked […]

Whole Foods price reductions hit competitors hard

Thasos Group, a New York-based research firm, issued a report based on mobile phone location data that showed that Amazon’s lower prices at Whole Foods contributed to a 17 percent rise in foot traffic for Whole Foods stores the week of August 28, and that traffic remained modestly higher by mid-September. Amazon officially merged with […]

Costco announces new online grocery program

Last week Costco announced an expanded relationship with Instacart, and a new online shopping service called CostcoGrocery. Instacart, which is currently offered at 376 U.S. Costco stores, will gradually expand to additional locations over the next year. CostcoGrocery is a service that includes about 500 nonperishable dry grocery items and provides free delivery on orders […]