Earth Fare and Fairway Markets file for bankruptcy
Fairway Markets and Earth Fare recently filed for Chapter 11 bankruptcy protection, and both companies announced that they plan to go out of business. Fairway Markets, with 14 stores in the New York metropolitan area, reported in late January that it entered into a...Grocery was the big holiday sales winner
The National Retail Federation (NRF) said last week that among key retail categories, grocery saw the largest gain in 2019 holiday sales as compared to the previous year. The NRF reported 2.9% year-over-year growth for the sector, which includes grocery and beverage...Traditional supermarkets experiencing a resurgence, according to report
Dunnhumby, self-described as the global leader in customer data science, released its third annual U.S. Grocery Retailer Preference Index (RPI). The study examined the 60 largest retailers in the $700 billion U.S. grocery market to determine which ones have the...Giant planning Columbus Blvd store at Philly waterfront
The Philadelphia Business Journal reported Friday that Giant is planning another Philly store in another Tower Investments project. According to the report, Giant will occupy 46,000 square feet on Columbus Boulevard, along the Delaware River waterfront. It had been...Giant signs South Philadelphia lease
The Philadelphia Business Journal reported that Giant has signed a lease for a 40,000 square foot store in Bart Blatstein’s South Philadelphia development at Broad Street and Washington Avenue. According to the story, plans call for the supermarket to be part of...Giant to spend $114M on distribution center and PA store renovations
Giant announced that it plans to open a new distribution center in Philadelphia, remodel the St. David’s, PA store and open an Heirloom Market at Abbot’s Square in the Queen Village section of Philadelphia. In all, the company plans to spend about $114...McCaffrey’s opens New Hope, PA store
McCaffrey’s opened its fourth Bucks County location and seventh store overall today in a former Staples space in New Hope, PA. Along with the typical full-service supermarket departments, the store will feature a gourmet sandwich station and deli, a salad bar,...Lidl to build distribution center in Georgia
Lidl announced that it plans to construct a distribution center in Covington, GA, about 35 miles outside of Atlanta. The 925,000 square foot facility will be the company’s fourth U.S. distribution center (others are in North Carolina, Maryland and Virginia) and...Save A Lot secures new financing, plans to modernize
Save A Lot announced that it has secured new financing to recapitalize its business and deleverage its balance sheet. The discount grocer, owned by Canadian private equity firm Onex Corp. since 2016, plans to use the funds to support operations and speed up efforts to...By David Goodman
