RUNNING WITH EQUITY CRE

WITH DAVID GOODMAN

David Goodman | Nov 18, 2014 |

Walmart wants stores to improve fresh grocery performance

According to a New York Times story last week, Walmart execs issued a memo to store managers across the country urging them to improve performance on chilled items in its dairy, meat and produce departments in order to improve sluggish sales. Walmart has about 20 percent of the nation’s dry grocery business, but only 15 […]

David Goodman | Nov 16, 2014 |

Costco plans store near Quaker Bridge Mall in NJ

The seller of a 17-acre property near the Quaker Bridge Mall in Lawrence, NJ said last week that Costco purchased the property for $9.4 million. According to a story in the Times of Trenton, the 156,000 square foot store will include liquor, a pharmacy, an optical services section, a tire sales and installation center, and […]

David Goodman | Nov 16, 2014 |

Giant Food parent behind new Philly store Everything Fresh

A November 6 article on Philly.com revealed that Ahold USA (Giant, Stop & Shop) is behind the Everything Fresh store planned in the redeveloped Stapler Building on Walnut Street in Philadelphia. According to the report, the store is part of Ahold’s plans to investigate new formats and test ideas. The “opening soon” sign on the […]

David Goodman | Nov 16, 2014 |

USPS to deliver groceries for e-tailers

It was announced in October that the U.S. Postal Service has been granted permission to start a two-year test of a customized delivery program for grocery e-tailers. The approval follows the postal service’s test partnership with AmazonFresh in San Francisco. Despite protests from a group knows as the Taxpayers Protection Alliance, the Postal Regulatory Commission […]

David Goodman | Nov 06, 2014 |

Bottom Dollar to sell its 66 stores to Aldi

Delhaize Group announced yesterday that it has reached an agreement to sell all 66 Bottom Dollar Food stores to Aldi for approximately $15 million. 46 of the stores are in the Philadelphia region. Bottom Dollar will continue to operate its stores until the end of the year, at which time all the stores will close. […]

David Goodman | Nov 03, 2014 |

Whole Foods launches first-ever national ad campaign

Reacting to competitors who are increasingly selling natural and organic foods, Whole Foods launched its first-ever national ad campaign to remind consumers of the company’s buying standards, the origins of its products and the Whole Foods’ pioneering role in the industry. In a campaign that kicked off in October, Whole Foods is calling itself “America’s […]

David Goodman | Nov 03, 2014 |

Perishables driving sales growth for Save-A-Lot

Supervalu reported last month that a focus on perishables is responsible for sales growth at Save-A-Lot, whose fiscal second quarter sales increased 8% (to $1 billion) from the same quarter last year. Overall sales at Supervalu totaled $4 billion, a 1.8% increase. Supervalu CEO Sam Duncan also reported that identical stores sales at Save-A-Lot improved […]

David Goodman | Nov 03, 2014 |

Costco to keep expanding as rival Sam's Club struggles

Costco announced last month that it plans to boost capital spending in fiscal 2015 by 25% – 35% in order to open 31 new warehouses and relocate four others, and increase spending on remodeling activities. Costco CFO Richard Galanti said capital spending for 2015 will total about $2.6 billion, compared with $2 billion in fiscal […]

David Goodman | Nov 03, 2014 |

Wakefern's fiscal 2014 sales rise 4%

Wakefern Food Corp. reported last week that retail sales improved by 4% to $14.7 billion in the fiscal year that ended on September 27, 2014. During the fiscal year store openings included six ShopRite, five PriceRite and six Fresh Grocer stores. In addition, the company expanded its ShopRite from Home services to 214 stores.

David Goodman | Nov 03, 2014 |

C&S Wholesale wins auction for AWI

As reported in the Food Trade News last week, a U.S. Bankruptcy judge declared C&S Wholesale Grocers the winner of the auction to acquire the assets of Associated Wholesalers, Inc. (AWI), the PA-based co-operative. The bid was valued at $288.1 million, about $3.5 million more than Supervalu’s runner-up bid. The acquisition is expected to close on […]

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