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Supermarket/Grocery

  • Walmart Q3 earnings top forecasts but sales lag; online accelerates

    Walmart on Thursday posted third-quarter earnings that managed to beat analysts' expectations even as net sales fell short.     The retailer also lifted the lower end of its full-year guidance and expressed confidence going into the holiday season.    Walmart’s net income fell to $3.03 billion, or 98 cents per share, in the quarter ended Oct. 31, which was two cents more than the Wall Street consensus according to Bloomberg.  

  • Retail sales surge in October

    In a good omen for the upcoming holiday season, consumers spent more than expected in October, as U.S. sales rose more than expected.        Retail sales increased by 0.9% over September and grew 2.2% on a year-over-year basis, according to the National Retail Federation. The calculations excluded automobiles, gasoline stations and restaurants.  

  • Regency Centers, Equity One merge in $15 billion deal

    Regency Centers, a major player in grocery-anchored centers with 307 properties, and Equity One, owner of 98 retail properties, have signed an agreement to merge. Regency will continue as the surviving public company and, it claims, assume the position as the largest shopping center real estate investment trust.   The combined company is expected to have a total market capitalization of approximately $15.6 billion.   

  • Whole Foods wooing shoppers with in-store restaurants, bars

    Whole Foods Market is upping its game.   In the face of growing competition, the supermarket chain has been adding restaurants, bars and tap rooms to its stores, reported The Orange County Register.    In select locations in California, Whole Foods is adding in-store outposts of a popular fast-casual eatery, Mendocino Farms, to its stores.   

  • Gainesville’s Butler North tops off with Total Wine

    The Butler North component of Butler Enterprises’ massive retail complex in Gainesville, Florida, brings itself close to 100% occupancy with next week’s opening of Total Wine & More.   The 20,000-sq.-ft store is the latest in a series of new store openings at the center. Also debuting there over the past four months were Walmart Supercenter, Aldi, Marshalls, Payless Shoe Source, and Dollar Tree.  

  • Kroger excited about new presidential administration

    Will President-elect Donald Trump be good for Kroger’s business? The retailer’s stock has enjoyed a sharp rise since Trump was named the 45th president. 

  • Regional grocer offers the latest in mobile self-scanning technology

    Shoppers can skip the line and checkout on their phones at a new supermarket in San Luis Obispo     At California Fresh Market, shoppers can download an app that lets them scan items' barcodes to add to their purchase. Shoppers can keep track of their running total while they browse and see specials and other information.     

  • New pads planned for NRDC properties in New Jersey

    National Realty & Development Corp. has announced that new pad buildings will begin going up at two of its centers in New Jersey.   McDonald’s will enter Liberty Square Center in Burlington with a newly constructed 3,911-sq.-ft. store on one of the property’s outparcels. The 380,383-sq.-ft. Liberty Square is anchored by Walmart Supercenter, Acme, Marshalls, and Toys “R” Us.     
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