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David Goodman | Oct 31, 2015 |
Supermarket News

Aldi's fastest growing line: organic

A recent article on Bloomberg.com said that Aldi is now trying to make itself more attractive to the type of customer that shops at Trader Joe’s. According to the report, Aldi U.S. CEO Jason Hart believes that American shoppers are increasingly concerned with the content and quality of the food they eat, so the company, […]
David Goodman | Oct 20, 2015 |
Supermarket News

Albertsons postpones IPO indefinitely

Albertsons, which had been expected to complete its initial public offering last Thursday, announced the day before that the IPO was postponed indefinitely due to recent market volatility. The company had said in a prospectus that it intended to offer 65.3 million shares priced at $23 to $26 per share, with the possibility of selling […]
David Goodman | Oct 20, 2015 |
Supermarket News

Target delaying food overhaul until 2017

The Minneapolis Star Tribune reported earlier this month that Target has pushed back the rollout of its food overhaul from 2016 to 2017, saying they need more time to hash out and test ideas. The company’s goal is to make its grocery department more of a destination, rather than an afterthought. The process has already […]
David Goodman | Oct 20, 2015 |
Supermarket News

Dollar General to increase sale of perishables, health and beauty products

Dollar General announced recently that the company is working on a new store prototype that will provide more fresh foods and health and beauty products. The rollout will begin in 2016 with all new stores and remodels. CEO Todd Vasos said the new stores will have more coolers, which mean more perishables, and “perishables drive […]
David Goodman | Oct 20, 2015 |
Supermarket News

Wegmans coming to Lancaster, PA

Wegmans announced yesterday that it plans to open a new store in Lancaster, PA in 2018. The 120,000 square foot store is slated to anchor The Crossings at Conestoga Creek, a proposed mixed-use development on Harrisburg Pike, just east of the Route 30 interchange in Manheim Township. High Real Estate Group is the developer. Lancaster […]
David Goodman | Oct 08, 2015 |
Supermarket News

Aldi and Lidl planning shake-up of U.S. grocery landscape

A Wall Street Journal article last month said “the two scrappy German discounters that have wreaked the most havoc in Britain are ratcheting up their U.S. ambitions.” The discounters are, of course, Aldi and Lidl. Aldi currently has over 10,000 stores in 18 countries. (Aldi is actually broken down into Aldi Nord and Aldi Sud, […]
David Goodman | Oct 08, 2015 |
Supermarket News

Whole Foods to layoff 1,500 employees

Whole Foods said last week it would eliminate 1,500 jobs, or 1.6% of its workforce, as part of a commitment to invest in technology and lower prices. The company anticipates that many of the reductions would come from natural attrition, and that it expects other affected employees to find jobs elsewhere within the company via […]
David Goodman | Oct 08, 2015 |
Supermarket News

Albertsons set to raise $1.8 billion from IPO

It was reported last week that Albertsons, which operates 2,200 stores in 33 states, including Acme Supermarkets in the Greater Philadelphia Region, expects to raise up to $1.84 billion in its initial public offering. The company has not yet said when the IPO will take place. Executives plan to change the organizational structure of AB […]
David Goodman | Aug 24, 2015 |
Supermarket News

WARN Notices filed for 94 A&P stores in New Jersey

WARN notices were filed with the state of New Jersey for 94 A&P, Superfresh, Pathmark and Food Basics stores that are slated for closure. The Worker Adjustment and Retraining Notification Act (WARN) was enacted in 1988 and requires employers to provide notice 60 days in advance of covered plant closings and covered mass layoffs. The notice must […]
David Goodman | Jul 21, 2015 |
Supermarket News

Albertsons files for IPO

Earlier this month, Albertsons, the second-largest traditional supermarket operator in the United States (behind Kroger), filed for an initial public offering. The IPO, which comes only a couple years after an investor group led by Cerberus Capital Management purchased the company from Supervalu, is expected to raise about $100 million. Albertsons said it plans to […]

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