RUNNING WITH EQUITY CRE

WITH DAVID GOODMAN

David Goodman | Oct 13, 2014 |
Supermarket News

Acme to close two Bucks County stores next month

Acme officials announced yesterday that their stores in Chalfont and Warminster will close on November 13. A spokesperson for Acme said the locations “were not meeting our company’s goals… we made a decision to shift our resources to other areas.” The spokesperson said the company does not plan to close other locations in the near […]
David Goodman | Oct 09, 2014 |
Supermarket News

23 Bi-Lo and Winn-Dixie stores to close in the next month

A spokesperson for Bi-Lo Holdings said this week that the company would close 23 Bi-Lo and Winn-Dixie stores on or before November 17. Closures, which are blamed on poor performance, will take place in Alabama, Georgia, Louisiana, North Carolina and South Carolina. The Spokesperson told Supermarket News that the closing stores represent less than 3% […]
David Goodman | Oct 09, 2014 |
Supermarket News

Trader Joe's beating up Whole Foods in sales per square foot

Business Insider published an article earlier this week explaining why Trader Joe’s sells nearly twice as much per square foot than Whole Foods ($1,734 PSF compared to $930 PSF). According to the story, “Trader Joe’s is cheap.” For instance, Trader Joe’s sells a bag of quinoa for $4.99, while Whole Foods sells it for $9.99. […]
David Goodman | Sep 30, 2014 |
Supermarket News

Walmart to rebrand Express stores as Neighborhood Market

Walmart announced earlier this month that it would rebrand its Walmart Express stores as Walmart Neighborhood Markets since the two concepts serve similar missions. At 38,000 square feet, Neighborhood Market stores are more than three times larger than Express stores, but they carry similar product assortments. Walmart has learned that customers at both stores primarily […]
David Goodman | Sep 30, 2014 |
Supermarket News

Peapod expands to Lehigh Valley

Peapod announced yesterday that it has introduced its home and business delivery service to parts of Lehigh and Northampton Counties in Pennsylvania. Peapod delivery is now available in Allentown, Bethlehem, Easton and several other area communities. Peapod is a division of Ahold USA (Giant Food), and now offers its service to over 15 million households […]
David Goodman | Sep 30, 2014 |
Supermarket News

Supervalu customer data hacked for second time in six weeks

Supervalu experienced a security breach in its data systems for the second time in six weeks, the company said yesterday. According to the company, an intruder installed malware into the portion of its computer network that processes payment-card transactions for some of its retail customers. Supervalu does not believe the intrusion succeeded in capturing data […]
David Goodman | Sep 30, 2014 |
Supermarket News

Whole Foods embracing technology via Instacart and Apple partnerships

Whole Foods announced earlier this month it would partner with Instacart to offer customers one-hour delivery service, as well as an option to place orders through Instacart for in-store pick-up. The delivery service will start in the 15 cities Instacart currently operates in, including Philadelphia. The in-store pick-up service will start in select Austin, TX […]
David Goodman | Sep 17, 2014 |
Supermarket News

C&S Wholesale bids to acquire AWI

C&S Wholesale Grocers has entered into an agreement with Associated Wholesalers Inc. (AWI) that would make C&S the “stalking horse” bidder in an upcoming bankruptcy auction. AWI filed for Chapter 11 bankruptcy last week. C&S’s offer is subject to offers by other interested parties. C&S is the largest wholesale grocery supply company in the U.S. […]
David Goodman | Sep 17, 2014 |
Supermarket News

Amelia's Grocery Outlet parent to be purchased by investment firm

“Extreme-value” retailer Grocery Outlet, which operates 198 stores in the Western U.S. plus 16 Amelia’s supermarkets in Pennsylvania, has entered into an agreement to be acquired by Hellman & Friedman, an investment firm in San Francisco. The chain’s principal owner for the last five years has been Berkshire Partners, based in Boston. The chain was […]
David Goodman | Aug 27, 2014 |
Supermarket News

Family Dollar rejects Dollar General's higher offer, to pursue deal with Dollar Tree

Last week I blogged about Dollar Tree’s $8.5 billion deal for Family Dollar Stores, which was followed by Dollar General’s $9.2 billion cash offer for the same company. A few days ago Family Dollar rejected the higher offer and said it will pursue its prior agreement with Dollar Tree, citing antitrust considerations. Dollar General said […]

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