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David Goodman | Jan 27, 2016 |
Supermarket News

Dollar Tree adds 8 Philly area stores

Dollar Tree announced earlier this month that it plans to open eight new stores in Philadelphia and the Pennsylvania suburbs. The new stores are in the following locations. Bensalem, PA Fairless Hills, PA Levittown, PA Southampton, PA Chester, PA Woodlyn, PA Philadelphia, PA (Morrell Ave.) Philadelphia, PA (Broad St.) The company has been in expansion […]
David Goodman | Jan 21, 2016 |
Supermarket News

Walmart to close 269 stores, including all Express stores

Walmart announced last week that it plans to close 269 stores, including all of its 102 Walmart Express small-format stores. Of the store closings, 154 will take place in the U.S. According to Walmart, the impacted stores represent less than 1 percent of the 11,600 stores worldwide and will impact 16,000 employees (10,000 in the […]
David Goodman | Jan 21, 2016 |
Supermarket News

Save-A-Lot files IPO, to spin off from Supervalu

Supervalu announced earlier this month that its discount grocer Save-A-Lot filed an IPO and plans to spin off into a publicly traded company to be largely controlled by Supervalu shareholders. According to Supervalu CEO Sam Duncan, after the separation “Supervalu will be able to focus on providing wholesale distribution services to independent retail customers and […]
David Goodman | Dec 22, 2015 |
Supermarket News

Brookhaven, PA to welcome ShopRite and Giant in 2016

The shopping center known as 352 Plaza in Brookhaven, PA had two doomed tenants – Pathmark and K-Mart-  but will soon come to life with a Lowe’s (under construction) and a planned ShopRite. The grocery store could open by March 2016 and will feature an outdoor cafe, beer sales, and a hot and cold food […]
David Goodman | Dec 22, 2015 |
Supermarket News

Dollar General to open 900 stores in 2016

Dollar General said earlier this month that it plans to open 900 new stores in 2016, compared to 730 store openings in 2015. The new stores are planned for urban, suburban and rural locations. The company also announced its third quarter earnings. Net income rose 7.2% (compared to the previous year’s third quarter) to $253 […]
David Goodman | Dec 22, 2015 |
Supermarket News

Whole Foods to seek $1 billion in debt offering

Whole Foods announced earlier this month that it was seeking to raise $1 billion in a debt offering. The company said it intends to use the proceeds for general corporate purposes, including an authorization to repurchase up to $1 billion in its stock. Standard and Poor’s (S&P) assigned a “BBB” rating to the offering, the […]
David Goodman | Dec 22, 2015 |
Supermarket News

Plans in place again for Albertsons IPO

Albertsons (Acme, Albertsons, Safeway, Vons, Jewel-Osco et al) filed an amended stock prospectus for an initial public offering late last month in hopes of raising between $1.5 and $2 billion. The company had originally planned to hold the offering in October but called off the IPO due to market volatility. The prospectus is seeking a […]
David Goodman | Dec 22, 2015 |
Supermarket News

ShopRite subject to antitrust claim in fight to squeeze Wegmans

Wegmans’ bid to open a store in Hanover, NJ took an interesting twist recently, when the U.S. Court of Appeals for the Third Circuit issued a decision reversing a previous ruling, and holding that Village Supermarkets, a ShopRite operator and Wakefern member, may be subject to an antitrust claim related to its efforts to thwart […]
David Goodman | Dec 22, 2015 |
Supermarket News

Supervalu to decide whether to sell or spin Save-A-Lot

Supervalu announced last month that it is preparing to explore an outright sale of the Save-A-Lot discount grocery chain, rather than spin it off as a separate unit. According to published reports, the company has received interest from several private equity firms, and has told them it will consider offers in early 2016. Waiting until […]
David Goodman | Dec 22, 2015 |
Supermarket News

Natural Grocers continues growth in Western U.S.

Natural Grocers, a specialty retailer that offers natural and organic groceries and dietary products, announced last month that it plans to add 23 new stores in fiscal 2016. The company currently has 106 stores in 18 states. The easternmost locations are in Minnesota, Missouri and Arkansas. All other locations are further west.

David Goodman

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

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