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David Goodman | Nov 04, 2017 |
Supermarket News

Moody's downgrades The Fresh Market

A Supermarket News story last month reported that The Fresh Market’s effort to increase store traffic through investments in price have not been successful, and same-store sales are expected to decline for the rest of the year. Supermarket News cited Moody’s Investor Service as the information source. Moody’s recently categorized The Fresh Market’s corporate family […]
David Goodman | Nov 04, 2017 |
Supermarket News

Mixed reviews for Lidl so far

A recent story on fooddive.com reported that shoppers are giving Lidl’s new U.S. stores mixed reviews. The German grocer currently has 41 stores open in five states, with plans to establish at least 100 stores from New Jersey to Georgia by next summer (although multiple sources have reported delays in store openings due to slow sales). According to the […]
David Goodman | Oct 29, 2017 |
Supermarket News

Vince 'Jim' Genuardi, supermarket pioneer, dead at 88

Vincent “Jim” Genuardi, who along with his brothers built the Genuardi’s Family Markets supermarket chain, died earlier this month. He was 88 years old. At its height, the Genuardi’s chain had 33 stores and 7,000 employees in Pennsylvania, New Jersey and Delaware. Genuardi’s daughter, Lisa Genuardi Wilson, said her father “was part of the committee […]
David Goodman | Oct 10, 2017 |
Supermarket News

Walmart adding same-day and in-home delivery to select markets

Walmart announced last week that it acquired Parcel, a technology-enhanced delivery company with experience in same-day perishable delivery. The company plans to use Parcel to help fulfill orders through Jet and Walmart in New York City. Parcel uses routing algorithms, a fleet of vehicles and trained employees to sort, load and deliver packages to customers. […]
David Goodman | Oct 10, 2017 |
Supermarket News

Target expanding "Restock" delivery service

Target announced last month that it plans to expand Target Restock, its next-day delivery service, to eight new markets, including Philadelphia. Target Restock allows customers to fill a shopping cart-sized box with household items and have it delivered the next day for $4.99. Over 15,000 household items, including baby products and cleaning supplies, are eligible […]
David Goodman | Oct 09, 2017 |
Supermarket News

Kroger - Ahold merger rumors have started

Last week the Cincinnati Business Courier reported that an analyst report out of Europe speculated that Kroger was pursuing a merger with Ahold Delhaize (Giant, Food Lion, Stop & Shop, Peapod, among others). On Wednesday of last week, Supermarket News reported that it was not able to verify the substance of the claim. Analysts have talked […]
David Goodman | Oct 09, 2017 |
Supermarket News

Whole Foods price reductions hit competitors hard

Thasos Group, a New York-based research firm, issued a report based on mobile phone location data that showed that Amazon’s lower prices at Whole Foods contributed to a 17 percent rise in foot traffic for Whole Foods stores the week of August 28, and that traffic remained modestly higher by mid-September. Amazon officially merged with […]
David Goodman | Oct 09, 2017 |
Supermarket News

Costco announces new online grocery program

Last week Costco announced an expanded relationship with Instacart, and a new online shopping service called CostcoGrocery. Instacart, which is currently offered at 376 U.S. Costco stores, will gradually expand to additional locations over the next year. CostcoGrocery is a service that includes about 500 nonperishable dry grocery items and provides free delivery on orders […]
David Goodman | Oct 02, 2017 |
Supermarket News

Albertsons to purchase meal-kit company Plated

Albertsons announced recently that it plans to acquire New York-based meal-kit company Plated, which has annual sales of over $100 million, according to a story in Supermarket News. The deal will allow Plated, which will operate as a wholly-owned subsidiary of Albertsons, to operate well beyond its subscription model with new distribution points, including Albertsons […]
David Goodman | Oct 02, 2017 |
Supermarket News

Lidl CEO reportedly concerned with U.S. performance

A German newspaper reported last week that the former CEO of Lidl Spain, Michael Arnada, would be appointed to a Lidl divisional board with oversight of the United States. According to the report, Arnada’s appointment is to address Lidl CEO Klaus Gehrig’s concern that the performance of Lid’s 37 operating stores has been weaker than […]

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