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David Goodman | Apr 20, 2017 |
Supermarket News

Fresh Grocer, UPenn in litigation over Acme deal in University City

The Philadelphia Business Journal reported last week that Acme signed a lease with the University of Pennsylvania for a 34,500 square foot store on Walnut Street in University City. However, Fresh Grocer currently operates a store there and doesn’t plan to leave, even though Penn notified them that their lease expired on March 31. Penn’s […]
David Goodman | Mar 27, 2017 |
Supermarket News

Wegmans plans openings for two NJ stores

Wegmans announced that new stores in Hanover, NJ and Montvale, NJ will open this year on July 23 and September 24, respectively. Each store will feature a Burger Bar, which is Wegmans’ in-store restaurant counter. They will also have wine, beer and spirits shops operated by a third-party. The stores are the company’s closest locations […]
David Goodman | Mar 27, 2017 |
Supermarket News

Target unveils "reimagined" store design

Target unveiled its design last week for a “reimagined” 124,000 square foot store, the first of which is scheduled to open near Houston, TX in October. An additional 40 stores are slated to be redesigned during the same time period. Target plans to convert about 500 stores to the new design – or a similar […]
David Goodman | Mar 27, 2017 |
Supermarket News

Giant to close to Lancaster County stores

Giant Food Stores announced it would close two stores in Lancaster County, PA on May 18. The stores are located on Reservoir Street in Lancaster and Fruitville Pike in Manheim. According to a story in Pennlive.com, the Lancaster store is 37 years old, and the Manheim location was acquired 10 years ago.
David Goodman | Mar 27, 2017 |
Supermarket News

Albertsons in talks to acquire Sprouts

It was reported last week that Albertsons is considering a deal to acquire Sprouts Farmers Markets, and an industry source told me that he thought the likelihood of such a deal was 50-50. Sprouts, based in Phoenix, is the largest farmers’ market-style food retailer in the country. It operates more than 250 stores in 15 […]
David Goodman | Mar 20, 2017 |
Supermarket News

Food deflation and competition hurting supermarket profit margins

A story this morning in USA Today reported that “low food prices and razor-sharp competition” are putting a serious dent into grocery chain profit margins. However, the issue is good news for consumers, who last year saw the first annual decline in supermarket prices since 1967. According to Supermarket Analyst Phil Lempert, the low food […]
David Goodman | Mar 16, 2017 |
Supermarket News

Aldi to spend billions on new stores and remodels

Aldi announced earlier this year that it plans to remodel more than 1,300 stores by 2020 at a cost of $1.6 billion. The remodeled stores will focus on fresh items, including produce, dairy and bakery sections, and feature open ceilings, natural lighting and environmentally-friendly building materials. Currently Aldi owns and operates about 1,600 stores in […]
David Goodman | Mar 15, 2017 |
Supermarket News

Target investing in pricing, e-commerce, small format stores

Target announced that it plans to shift away from promotional pricing and back to every day low pricing as part of a $1 billion investment this year. The change in pricing is part of the company’s overall strategy to enhance the in-store experience and leverage its stores as fulfillment centers for online orders. CEO Brian […]
David Goodman | Mar 15, 2017 |
Supermarket News

BJ's may be looking to sell or go public

A report in the Wall Street Journal last month stated that the private equity firms that own BJ’s Wholesale Club could either be trying to sell the company or planning for an IPO. Leonard Green and Partners and CVC Capital Partners acquired BJ’s in 2011 for about $2.8 billion. At the time, it was reported […]
David Goodman | Mar 15, 2017 |
Supermarket News

Whole Foods closing 9 stores by end of April

Last month Whole Foods announced that it would close nine stores by the end of April, and is scrapping its plans to expand from 440 to 1,200 stores. In addition to the closings, the company plans to open six new stores in the next couple months. Same store sales for Whole Foods have declined  in […]

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