Costco posts top line growth, plans for 25 new warehouse clubs in ’23
Costco reported double-digit net sales growth for its fiscal fourth quarter and full year, with shopping frequency up 7.2% worldwide (up 5.2% in the U.S.) during the fourth quarter as compared to the same quarter last year. According to the company, the best...New Whole Foods CEO wants to add 50 stores
Jason Buechel began his tenure as Whole Foods CEO on September 1 by laying out his vision for the Amazon-owned grocer, a vision that includes adding 50 new stores to the company’s 534-store footprint. “Together, we’ll set bold long-term goals and...Sprouts to open in South Philly’s Quartermaster Plaza
According to multiple reports, Sprouts Farmers Market has signed a lease to open in South Philadelphia’s Quartermaster Plaza. It will be the grocer’s second location in the city; Sprouts opened about four years ago at Lincoln Square along South Broad...Wegmans property sells for $22.6 million
The Wegmans property at the Montgomery Mall in North Wales, PA was recently purchased for $22.6 million by ExchangeRight, a California-based company that acquires net-leased properties and grocery-anchored shopping centers. The seller, Kohan Retail Investment Group of...Wegmans cites theft in ending self-checkout
Wegmans announced it will end its “scan and go” self-checkout service this weekend due to losses from theft. With the service – introduced early in the pandemic to provide a contactless in-store shopping option – customers connect to the store...Amazon Fresh reportedly coming to Willow Grove
Federal Realty’s renovation of the Willow Grove Shopping Center may include an Amazon Fresh grocery store. According to filings with the Pennsylvania Liquor Control Board, Amazon Fresh has applied for a liquor license at 102 Park Ave., the address of the closed...Walmart and DoorDash part ways as Walmart expands its own delivery service
The relationship between Walmart and DoorDash will come to an end next month based on reports that the delivery service gave Walmart a 30-day notice. The companies have been working together since 2018. Walmart has been actively building up Spark, it’s own...Grocery Outlet to offer same-day delivery via DoorDash
Grocery Outlet, the expanding food retailer with the value-priced model and treasure hunt shopping environment, announced a partnership with DoorDash to provide same-day delivery from nearly 400 stores in eight states. Participating stores are coupled with the...Discount grocery stores reaping the benefits of inflation, pandemic
According to an article in Grocery Dive a couple weeks ago, grocery shoppers are venturing toward discount stores as they feel battered from rising prices and expensive gasoline. For instance, an Aldi executive reported that the chain saw 2.5 million new customers in...By David Goodman
