Dollar stores are well positioned to increase their share of the total U.S. grocery sales market, according to a report released earlier this month by Coresight Research. The report states that in the last three months, more than one in five consumers consistently...
Although stock prices of publicly-traded food retailers had mixed results last year, most fared better than the overall market. Grocery stocks were stronger in the first half of the year compared to the second, as inflation and economic worries pushed stocks downward....
Sales growth at discount grocers like Aldi, Lidl and Grocery Outlet outpaced overall grocery sales growth in 2022, according to a report from Coresight Research. The report concluded that “discount channel growth will continue to outpace total grocery growth in...
Instacart released survey data last week showing that 83% of Americans view food and recipe content on social media platforms such as TikTok, Instagram and YouTube, including 61% who view such content at least once per week. However, the data also revealed that...
Following a report in April by the Philadelphia Business Journal that Wawa is plotting the “most aggressive growth” in its history, the company announced earlier this month that it is scouting locations for gas and convenience stores in Ohio, Kentucky, and...
Food World recently concluded that sales from Giant and ShopRite totaled more than 56% of the overall grocery market in the eight-county Philadelphia area during the 12-month period that ended March 31, 2022. According to the report, Giant had a 30% share of the...
According to the U.S. Census Bureau, advance estimates indicate that nationwide retail sales picked up slightly in October, with grocery stores among the leading drivers. The Bureau’s report said October retail and foodservice sales totaled $694.52 billion, up...
BJ’s Wholesale reported double-digit sales gains for its third quarter, with total revenues – including membership fees – up 12.2% as compared to the third quarter last year. The company also noted that inflation abated on some commodities, including...
Delaware’s first Redner’s Fresh Market is slated to open tomorrow (11/17) in Lewes, not far from Rehoboth Beach. The 49,000 square foot store will have the usual supermarket departments – bakery, deli, meat and seafood, produce, and prepared meals....
Recent reports state that the century-old industrial plant that sits across the street from John’s Roast Pork at the corner of East Snyder Ave. and Weccacoe Ave. in South Philly will be replaced with a shopping center anchored by Lidl and including Advance Auto...
David has been a member of the Equity Retail Brokers team since 2010. He leases high-quality shopping centers, represents select retail clients and sells vacant bank properties. He is known for his expertise in the grocery industry, and his blog – Running with Equity Retail – is read by industry professionals and shopping center owners. David is a member of Virginia Tech’s Blackwood Program in Real Estate Advisory Board, and an active member of the Retail Brokers Network.
David has a unique and diverse background that has proven to be a great asset to Equity Retail and its clients. Prior to his work in real estate, he was a senior communications and marketing executive in the sports and finance industries. In addition, he served as the chief executive for non-profit, not-for-profit and for-profit organizations. At 29 years old he was named executive director of USTA/Eastern, Inc., which made him the youngest chief executive to ever lead a section of the U.S. Tennis Association. Three years later he co-founded The Tennis Network.
In 2001 David moved to Philadelphia from New York, and after serving as executive director of Arthur Ashe Youth Tennis and Education, he became the Vice President of Communications for Advanta Corp., a publicly traded financial institution in suburban Philadelphia.
David is a professional emcee, an active volunteer for the United States Tennis Association’s Middle States section, and a member of the Lower Salford Township (PA) Planning Commission.
A 1989 graduate of Bryant University in Rhode Island, David is best known for his ability to develop and maintain strong relationships. As a result, he has an excellent network of colleagues and friends in a variety of industries and organizations.
Licensed Real Estate Salesperson: Pennsylvania and New Jersey
Professional Affiliations: ICSC, Retail Brokers Network, Capital Markets Real Estate