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Large Chains

  • Fairway goes public

    Fairway, a popular New York metro area supermarket, announced in a regulatory filing that it is going public. The company said it expects its stock to price in the range of $10 to $12 per share as it looked to raise as much as $164 million.

    Fairway operates 12 locations in the greater New York City metro area and in on track to open a store this summer in Manhattan's Chelsea neighborhood and one in Nanuet, N.Y, in the fall. 

  • Dollar Tree opens at Ridgeview Centre

    Wise, Va. -- Brixmor Property Group announced on Monday that Dollar Tree has opened a 9,000-sq.-ft. store at Ridgeview Centre, located in Wise, Va.

    Brixmor, based in New York City, is the owner of Ridgeview Centre.
     

     

  • Google finds entry into retail delivery space

    SAN FRANCISCO — Google has launched its Google Shopping Express program, which features online delivery initially in the San Francisco Bay area.

    In a notice on the company’s website, Google Shopping Express product management director Tom Fallows described the program as a “new experiment,” one that offers “a local delivery service that we hope will make it possible for you to get the items you order online the same day, and at a low cost."

  • Walgreens shines light on solar energy in Colorado

    AURORA, Colo. — Walgreens announced Monday an expansion of its relationship with SolarCity, saying the new power systems would reduce more than 47.5 million pounds of carbon dioxide emissions over the next two decades.

    The Colorado-based firm will install solar power systems at 22 Walgreens stores in 14 cities in the state over the next few months.

  • 7-Eleven leases 17 stores in Cleveland area

    Dallas -- 7-Eleven will rebrand convenience stores in Ohio’s Cuyahoga and Lorain counties as part of a 19-store lease from Allentown, Pa.-based Lehigh Gas Partners LP.

    The effective date of the leases will vary, but all leases are expected to be in place by March 31, 2013.

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

    New York -- Supervalu on Thursday 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. The stock deal is valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption.

  • Verge helps Alco connect with customers

    HENDERSON, N.C.  — Alco has launched a branded smartphone app powered by Verge Connect. With Verge Connect, Alco customers can select the types of deals and coupons they receive, as well as filter by services offered at all 23 store locations across North and South Carolina. The ALCO branded app also features mapping and customer interaction capabilities via social media and direct feedback.

  • Bi-Lo names SVP operations

    JACKSONVILLE, Fla. — Anthea Jones has assumed the role of president at Bi-Lo. He will continue to serve as SVP operations. 

    Jones comes to the position from the Bi-Lo side of the recent merger between regional supermarkets Bi-Lo and Winn-Dixie. He signed on with Bi-Lo in 1999 after 17 years at Food Lion. He also is the immediate past board chairman for the Global Market Development Center. 

    Jones succeeds Michael Byars in the position. Randall Onstead continues as president and CEO of the combined company, Bi-Lo Holdings.

     

  • Aaron’s opens 32 stores

    Atlanta -- Aaron's, a lease-to-own, announced the recent opening of a combined 32 new company-operated and franchised stores in 17 different states and two Canadian provinces.

    The announcement follows a strong growth year for the company in 2012, which included the opening of its 2,000th store in the Bronx in September.

  • Sales results mixed for Dick’s Q4

    Dick’s Sporting Goods fell three cents short of analysts’ profit forecast in the fourth quarter thanks to a 1.2% same store sales increase partially caused by unseasonably warm weather and soft sales of big ticket items.

    Sales for the 14 week period ended February 2, increased 12% to $1.8 billion compared to the 13 week period the prior year. The company’s consolidated same store sales increase of 1.2% was driven by a 54.2% increase in online sales, offset by a 2.2% decrease at Dick's Sporting Goods stores and a 1.3% increase at Golf Galaxy stores.

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