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David Goodman | May 07, 2014 |

Whole Foods to relocate from North Wales to Lower Gwynedd

Whole Foods announced today that it would close its North Wales, PA store and open a new, larger store in Lower Gwynedd, PA. The target date for the new store, to be located in Stoltz Real Estate Partners’ Springhouse Village Shopping Center, is late 2015. Whole Foods currently operates 379 stores but expects to reach 500 sometime […]

David Goodman | May 01, 2014 |

Safeway reveals that Kroger would have paid more than Cerberus

According to a Wall Street Journal story citing Safeway’s proxy statement, Kroger was willing to pay more for Safeway than Cerberus Capital Management did, but concerns over antitrust risk caused Safeway to make a deal with the private equity firm. The story reports that Kroger first contacted Safeway in February about buying all or part […]

David Goodman | May 01, 2014 |

Wegmans planning two stores near Richmond, VA

Last week Wegmans confirmed the rumors that it would open stores in the Richmond, VA market. According to Senior Vice President Ralph Uttaro, “We have had countless requests to open a Wegmans store in the Richmond area, so we are delighted to finally announce that we’re headed there.” Wegmans, which typically ranges in size from 120,000 – […]

David Goodman | May 01, 2014 |

Weis Markets investing over $100 million in growth

Weis Markets announced its third quarter earnings recently, which were highlighted by a 1.2% increase in net income to $17.2 million. The company also said it would continue to increase its focus on “maximizing efficiency by driving millions of dollars of cost out of the system while maintaining high standards for store service.” President and […]

David Goodman | Apr 23, 2014 |

Family Dollar to close 370 stores, slow growth and layoff workers

Family Dollar announced earlier this month that it plans to close 370 of its 8,100 stores in the second half of the year, and to slow down store growth to about 400 per year, starting next year. The company also said it would try to boost traffic by cutting prices on about 1,000 items, and […]

David Goodman | Apr 23, 2014 |

First PriceRite supermarket in New Jersey opens in Garfield

The first PriceRite supermarket not owned by Wakefern is also the first PriceRite in the state of New Jersey, according to a story on NewJersey.com last week. The 41,000 square foot store is in Garfield and owned by a division of Inserra Supermarkets, which owns 22 ShopRites in New Jersey and New York. Wakefern operates […]

David Goodman | Apr 23, 2014 |

Lidl, Aldi's biggest competitor in Europe, to open U.S. stores

German discount supermarket chain Lidl, which has over 10,000 stores across Europe and is Aldi’s biggest competitor there, confirmed plans earlier this month for an American rollout. Klaus Gehrig, CEO of Lidl parent Schwartz Group, said that U.S. expansion was “in full swing” and that an office has been established in Arlington, VA. The company […]

David Goodman | Apr 09, 2014 |

Mrs. Green's opens 19th store, eyes 40 stores within a year

Mrs. Green’s Natural Market announced plans for major expansion last month, as the organic and natural food chain intends to open at least 20 new stores this year in the Northeast, Midwest and Canada. The growth plans are dramatic, considering the company opened its 19th store last month (in West Windsor, NJ). Store number 20 […]

David Goodman | Apr 09, 2014 |

Supermarkets among top retail chains in the world

A report published by Deloitte Touche Tohmatsu and Stores Magazine last month claims that 32 of the 100 largest retail chains in the world are supermarket chains. And in the U.S., 20% of the retail chains on the top 100 list are supermarkets. The list includes the following grocery chains: Kroger – #5 Safeway – […]

David Goodman | Apr 09, 2014 |

Family Dollar adding 400 food items to its grocery section

Family Dollar reported last week that it plans to add more than 400 new food items to its grocery section and reduce prices on 1,000 other items as it seeks to increase store traffic and sales. Family Dollar currently operates about 8,100 stores, and customers across the country (like myself) still think the following dollar store dialog is funny: […]

David Goodman

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

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