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WITH DAVID GOODMAN

David Goodman | Mar 07, 2014 |
Supermarket News

Cerberus to merge Albertsons with Safeway in $9 billion deal

AB Acquisition, an investor group led by Cerberus Capital Management, agreed to purchase Safeway yesterday for $9 billion, or $40 per share. The transaction is expected to close by the end of the year. Cerberus plans to fund the acquisition, which is being called an Albertsons – Safeway merger, with debt financing of about $7.6 […]
David Goodman | Mar 06, 2014 |
Supermarket News

Report says Kroger may be disrupting Safeway-Cerberus deal

3/7/14 Update: Cerberus to merge Albertsons with Safeway in $9 billion deal In contrast to my post on Tuesday that said Kroger may work with Cerberus to take some Safeway stores the private equity firm might not want if they were to buy Safeway (Kroger could be a player in Safeway sale), a story in […]
David Goodman | Mar 05, 2014 |
Supermarket News

Major supermarket chain rumored to be looking in Center City Philly

Philadelphia Inquirer Reporter Joe DiStefano reported last week that “real estate people say a major supermarket chain has lately been scouting sites for new Center City stores.” DiStefano lists possible locations as the Gallery at Market East, the Girard Block redevelopment proposed for 11th-12th Streets, Market-Chestnut, and Bart Blatstein’s Broad and Washington retail site.
David Goodman | Mar 05, 2014 |
Supermarket News

Bozzuto's deal with Baltimore supermarket may lead to more Mid-Atlantic distribution

Bozzuto’s officials believe their new relationship with Baltimore-based retailer Mars Super Markets can help the distributor expand in the Mid-Atlantic states, according to a story last week in Supermarket News.  Mars operates 17 stores in the Baltimore area, and the new deal may allow Bozzuto’s to compete more directly with the Associated Wholesalers Inc. (AWI) cooperative. According to […]
David Goodman | Mar 05, 2014 |
Supermarket News

Flanders store is Weis Markets fifth in New Jersey

Weis Markets announced yesterday that its new store in Flanders is the fifth New Jersey store operated by the PA-based food retailer. Grand opening ceremonies were held for the company’s 58,500 square foot supermarket in Sutton Plaza Shopping Center in a space that used to be occupied by A&P. Weis operates 166 stores in Pennsylvania, New Jersey, New York, […]
David Goodman | Mar 05, 2014 |
Supermarket News

Kroger could be a player in Safeway sale

According to published reports, Kroger, the largest supermarket chain in the U.S., recently approached Safeway about buying part of its operations. The reports also said that Kroger contacted Cerberus Capital Management, the private equity firm that is considered the favorite to purchase Safeway, about buying some stores that Cerberus may not want. Cerberus led the investor […]
David Goodman | Feb 24, 2014 |
Supermarket News

Walmart, Kroger, Costco boast top sales volumes for U.S. food retailers

Last month Supermarket News released its annual ranking of the Top 75 Food Retailers and Wholesalers in the United States. The top 10 remained the same from last year, with the exception of Supervalu, which dropped from six to 16 as a result of the sale of 877 Albertsons stores in 2013. The top 10 retailers are […]
David Goodman | Feb 24, 2014 |
Supermarket News

Redner's Markets ranked 4th on national list of small grocery chains

Supermarket News released its annual list of the Top 50 Small Chains & Independents a couple weeks ago. Topping the list is PAQ, a California-based retailer that operates stores in Northern California and Hawaii. Lowe’s Markets, based in Texas, was second, and California-based Northgate Gonzalez Market was third. Redner’s Markets was the top Philadelphia area company […]
David Goodman | Feb 23, 2014 |
Supermarket News

Small format plans get bigger for Walmart

Walmart announced last week that it plans to open 270-300 new Neighborhood Market and Walmart Express stores in the next year. Late last year it had announced that they would open only 120-150 of the small format stores (Walmart to accelerate small format growth). The forecast for 115 new supercenters remains unchanged. The existing 346 […]
David Goodman | Feb 21, 2014 |
Supermarket News

Whole Foods closing in on $1,000 in sales per square foot

Whole Foods announced earlier this month that its stores generated an average of $983 in annual sales per square foot (PSF) in 2013. According to statistics published by the Food Marketing Institute, the average sales PSF for supermarkets in the United States is $360 (based on a median total store size of 46,000 and median weekly […]

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