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May 7, 2013

Now, as the recession finally begins to lift, brick-and-mortar retailers are studying their real estate concepts and pondering what comes next.

Some will pare store counts, partially in response to online competition. Some will cut store square footage. Others are expanding store numbers and square footage. Some are expanding fulfillment center square footage. Some are not changing. Careful about that.

What are you doing? Is it what you should be doing?

What are retail real estate advisers and technology providers recommending?

May 7, 2013

Real Estate's 10 Under 40

In an era where brick-and-mortar retailers face increasing challenges from the Internet and a still slow recovery, they must rely on their real estate staff — particularly those under the age of 40 — more than ever before. These professionals, who bridge the "tried-and-true" methods of their mentors and the technology-driven next generation, are creating the stores, the shopping centers, the streets of today and tomorrow.

April 26, 2013

Supervalu adds to board

Supervalu has elected Rite Aid chairman, president and CEO John Standley and Cerberus COO and general counsel Mark A. Neporent to its board of directors. 

March 21, 2013

Supervalu completes sale of five chains to Cerberus-led investor group

Supervalu announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium.

March 15, 2013

Retail Shuffle

Is it just me, or does it seem like the past two months or so have seen an unusually high level of turnover at the top? It's gotten so that you need a scorecard to keep up with all the comings and goings, as chief executives are forced out, jump ship, retire or move on.

This year's changing of the guard is bittersweet because it includes the retirement of two veteran retailers, Steve Burd of Safeway and Maxine Clark of Build-A-Bear Workshop.

March 4, 2013

LandMark Retail Group opens trio of CVS stores

LandMark Retail Group said it has opened three CVS/pharmacy stores in San Francisco on behalf of the drugstore retailer.

January 29, 2013

Report: Supervalu sets rate on $2.4B loan for Cerberus sale

Bloomberg reported Tuesday that Supervalu Inc. has set the rate it will pay on $2.4 billion of loans to fund the sale of five supermarket chains to a Cerberus Capital Management LP-led investor group.

January 10, 2013

Kimco Realty part of Supervalu deal

In the much-watched deal between Supervalu and a consortium of investors led by Cerberus Capital Management, Kimco Realty Group – along with several other real estate companies — has emerged as a player.

January 10, 2013

Supervalu in deal with private-investor group led by Cerberus

Supervalu Inc. announced that it has reached a deal to sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies to a private equity group in a transaction valued at $3.3 billion.

January 4, 2013

Report: Cerberus close to deal with Supervalu

Private equity firm Cerberus Capital Management LP and its partners are nearing an agreement to buy parts of Supervalu Inc., the Wall Street Journal reported.

December 14, 2012

CVS/pharmacy to acquire 19 Medicine Chest Pharmacy stores in Texas

CVS/pharmacy and Medicine Chest Pharmacy announced Friday that CVS will acquire 19 Medicine Chest drug stores in Texas during the last weekend of December.

November 16, 2012

Supervalu in pay freeze at headquarters

Supervalu said it would implement a pay freeze for all employees at its corporate headquarters and said it would also reduce or suspend matching contributions to workers’ 401(k) plans, effective next year.

October 23, 2012

Cerberus reportedly seeking financing for Supervalu deal

Multiple reports suggested that private equity firm Cerberus Capital Management, which owns Albertsons LLC, may be putting together a deal to buy all or part of the grocery chain.

October 11, 2012

Report: Rite Aid ordered to pay $800,000 settlement

A San Diego judge ordered Rite Aid Corp. and its California subsidiary Thrifty PayLess Inc. to pay $800,000 to settle a complaint alleging false advertising, the Associated Press reported.

September 21, 2012

Focus on: Real Estate Technology

Retail has weathered the recessionary climate, but a quick temperature check will tell you that renovations continue to trump new builds even in a recovering economy.

September 6, 2012

Supervalu to close 60 underperforming stores

Supervalu announced it will close about 60 underperforming or nonstrategic stores in fiscal 2012.

September 4, 2012

LandMark develops two CVS/Pharmacy stores in California

LandMark Retail Group said it has completed the development of two CVS/Pharmacy stores in California –- in Bakersfield and Palmdale.

August 24, 2012

Report: Supervalu seeking buyers for entire company

Advisors to Supervalu Inc. are asking potential buyers to bid for the entire operation, even as several suitors have inquired about individual parts of the U.S. grocery company, according to a report by Bloomberg News.

August 21, 2012

Crain's: Klaff Realty eyeing Supervalu's Jewel-Osco business

Suitors are lining up to carve out divisions of Supervalu following the company's announcement last month that strategic divestitures were on the table as the Eden Prairie, Minn.-based grocer seeks to turn around its business performance.

August 20, 2012

Caribou in partnership with Jewel-Osco

Caribou Coffee Co. announced it will be expanding its retail and commercial footprint in the Chicagoland area by teaming up with supermarket operator Jewel-Osco, which is part of the Supervalu company.

August 8, 2012

Why “Just for u” Might be Just What Loyalty Cards Need

By Jundong Song, 89 Degrees

July 19, 2012

Albertsons selects Recall InfoLink for recall process management

Albertsons LLC said it has teamed with Recall InfoLink to manage its recall process.

July 19, 2012

Safeway profit slips in Q2; on track to open 10 Lifestyle stores in 2012

Safeway Inc. reported that profit for the second quarter dropped to $121.7 million from $146 million in the same period last year.

July 12, 2012

Supervalu Q1 profit plunges, initiates strategic review

Grocery giant Supervalu Inc. reported for the quarter ended June 16 plummeted 45% to $41 million, compared with $74 million in the year-ago period.