RUNNING WITH EQUITY CRE

WITH DAVID GOODMAN

David Goodman | Jun 08, 2016 |

Acme performance improving thanks to new playbook

Prior to Albertsons takeover of Acme in 2013, same-store sales at the one-time Greater Philadelphia market leader were negative in 27 of the previous 28 quarters. Today, thanks in large part to the parent company’s “operating playbook,” Acme is performing better than it has in years. According to a Supermarket News story last week, new […]

David Goodman | Jun 08, 2016 |

ShopRite, Weis, Grocery Outlet add stores

It was announced last month that Village Super Market, a Wakefern member that operates 29 ShopRite supermarkets, signed a lease for a 90,000 square foot store that will anchor a new mixed-use development in Old Bridge, NJ. The store is slated to open next summer. Plans for the development include 2,000 residential units and more than 500,000 square feet […]

David Goodman | May 16, 2016 |

Supermarkets increasing their presence in power centers

Shopping Centers Today, an ICSC publication, recently published an article explaining that U.S. developers are changing the traditional shopping center retail mix by moving neighborhood stores – namely grocery retailers – into power and lifestyle centers. The article says that the ground was broken about a decade ago by stores like Costco, Target and Walmart, […]

David Goodman | May 15, 2016 |

Trader Joe's price investments widening the gap with Whole Foods

According to an analyst, Trader Joe’s may be widening its price advantage with Whole Foods. Karen Short of Deutsche Bank Securities said in a report recently that a Trader Joe’s in the New York market had a total price advantage of 26% over a neighboring Whole Foods Market across a basket of 77 like items. […]

David Goodman | May 15, 2016 |

Dollar General sees opportunity in consumables

Dollar General cited stagnant wages relative to rising consumer prices, and negative income growth projected through 2020 for customers earning less than $50,000, as reasons for the company’s plan to capture additional customers through improvements in its consumables assortment. CEO Todd Vasos claimed earlier this year that based on current sales, Dollar General has significant […]

David Goodman | May 12, 2016 |

Wegmans and Aldi are cleanest stores in Philly, Bucks

The Philadelphia Inquirer examined two years of health department reports for large grocers in Philadelphia and Bucks Counties and determined that Wegmans and Aldi were the cleanest supermarket chains. Fresh Grocer, Whole Foods and Shop N Bag ranked at the bottom of the list, while Giant, ShopRite and Acme were in the middle of the […]

David Goodman | May 12, 2016 |

H Mart partners with Instacart

H Mart announced recently that it would partner with Instacart to deliver products to its customers, and an H Mart store in Upper Darby (near the Philadelphia border) would be the first store to activate the program. H Mart is a national Asian-American supermarket chain that has 51 stores nationwide, including three in PA and […]

David Goodman | May 05, 2016 |

Whole Foods 365 concept to include tea bar, vegan restaurant in Los Angeles

Whole Foods provided some details last month about their 365 small-store concept, describing it as a “quality-meets-value” interpretation of its traditional store “in an environment that’s fun and convenient for shoppers.” A 30,000 square foot store, set to open in Los Angeles later this month, will feature a self-service tea bar, a vegan fast-casual restaurant […]

David Goodman | May 05, 2016 |

Wegmans beats out Trader Joe's as nation's best grocer

For the first time in four years, Trader Joe’s wasn’t ranked as the nation’s best grocery chain. That honor recently went to Wegmans, which ranked ahead of Trader Joe’s and Publix in a survey of more than 10,000 consumers conducted by Market Force Information. Hy-Vee Food Stores ranked fourth, and Aldi was fifth. The top […]

David Goodman | May 05, 2016 |

Weis to increase cap-ex to $140 million

Weis Markets announced last month that it plans to increase capital spending by 33% this year to a record $140 million. The funds will cover the cost of three new stores, 20 remodels and technology investments. Last year’s capital spending totaled $92 million and covered 14 remodels and five Gas N’ Go centers. Weis operates […]

David Goodman

David leases high-quality shopping centers, represents select retail clients and sells vacant bank properties.

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