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Supermarket/Grocery

  • Phillips Edison-ARC Shopping Center REIT buys 11 centers in Q3

    Cincinnati - Phillips Edison–ARC Shopping Center REIT Inc. acquired 11 grocery-anchored shopping centers during third quarter 2014. The company's portfolio now consists of 131 properties located in 27 states and leased to 38 leading grocery store anchors.

    The 11 grocery-anchored shopping centers acquired during the third quarter to date expanded the company's presence in 10 states: California, Colorado, Florida, Georgia, Massachusetts, Michigan, North Carolina, Ohio, South Carolina and Tennessee.

  • Associated Foods Stores names executive VP

    New York -- Associated Foods Stores president Robert Sigel announced that Zulema Wiscovitch has joined the company as executive VP and chief administrative officer.

  • Online grocery sales to total $27 billion in 2014

    New York -- By 2023, online grocery sales are projected to range between $80 billion and $123 billion according to statistics released by Steve Bishop of Brick Meets Click (BMC) in a presentation at The Food Institute webinar "Get In On The Growth of Online Shopping." If realized, at the middle of those two projections online grocery sales would exceed today's sales of the nation's largest supermarket chain, Kroger.

  • Walgreens September same-store sales up 7.9%

    Deerfield, Ill. -- Walgreens’ same-store stores increased 7.9% in September. Total sales increased 9.4%, to $6.5 billion compared to the same month in fiscal 2014, the company reported Friday.

    Comparable store front-end sales rose 1.7%, while comparable store pharmacy sales rose 11.3%.

    Walgreens opened nine stores during September, including four relocations, and closed four.

     

  • M&M's Crispy Milk Chocolate Candies returns to store shelves

    Mars Chocolate North America is bringing back M&M's Crispy Milk Chocolate Candies to store shelves in January 2015, following a 10-year absence.
     

  • Slate Retail REIT to acquire center in Kentucky

    Toronto -- Slate Retail REIT announced that it has entered into a binding agreement to purchase Stonefield Square, a 90,991-sq.-ft. grocery-anchored shopping center located in Louisville, Kentucky, for $12.6 million ($138 per square foot). The property is anchored by The Fresh Market.

    The acquisition is expected to be completed in fourth quarter 2014 and remains subject to customary closing conditions.

     

  • Retailers' holiday happiness hinges on the G-factor

    How well many retailers perform this holiday season in store and online will be determined by the shopping preferences of a demographic group that doesn’t typically get a lot of love from marketers.

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