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Supermarket/Grocery

  • Present Value Properties negotiates six Menchie's leases in California

    Tustin, Calif. -- Present Value Properties said it has represented Menchie's in six California lease transactions for the frozen yogurt purveyor.

    A Menchie's franchisee signed a five-year lease for 1,637 sq. ft. in Orange, in a center anchored by Petco and Michaels. Menchie's will open in first quarter 2012.

    In Whittier, Menchie’s will open a 1,250-sq.-ft. shop at Santa Fe Springs Plaza in early 2012. The center is anchored by Food For Less, and is currently undergoing a remodel.

  • Chipotle Mexican Grill to open at Corbin’s Center

    West Hartford, Conn. -- Jacksonville, Fla.-based Regency Centers said that Chipotle Mexican Grill will open a new restaurant at Corbin’s Center, located in West Hartford, Conn.

    The 3,500-sq.-ft. restaurant is slated to open October 2012.

    Corbin’s Center, at 186,163 sq. ft., is anchored by Trader Joe’s alongside national retailers such as Best Buy, Old Navy and Toys “R” Us.

  • Retailers sue Federal Reserve

    New York City -- A coalition of retail organizations, including the National Retail Federation, the Food Marketing Institute and the National Association of Convenience Stores, have filed a lawsuit charging that the Federal Reserve failed to comply with a new law requiring it to reduce fees bank charge retailers when shoppers use credit cards.

    The law, which went into effect Oct. 1, said that banks could charge a maximum of 21 cents when consumers use a debit card, down from an average of 44 cents per transaction.

  • Tops reports Q3 results

    WILLIAMSVILLE, N.Y. — Regional supermarket chain Tops Markets reported a 3.6% increase in net sales for the period ended Oct. 8.

    Third-quarter net sales rose $18.7 million to $538.6 million, the retailer said. Supermarket sales (excluding gasoline sales) totaled $491 million, up $7.5 million, or 1.5%, compared with the year-ago period.

  • Tops reports Q3 results

    WILLIAMSVILLE, N.Y. — Regional supermarket chain Tops Markets reported a 3.6% increase in net sales for the period ended Oct. 8.

    Third-quarter net sales rose $18.7 million to $538.6 million, the retailer said. Supermarket sales (excluding gasoline sales) totaled $491 million, up $7.5 million, or 1.5%, compared with the year-ago period.

  • Ahold reports Q3 earnings, unveils growth strategies

    AMSTERDAM — Dutch supermarket operator Royal Ahold reported sales of $9.3 billion and profits of $347.8 million in third quarter 2011, the company said.

    Those figures represented a 2.5% increase in sales and a 15.2% increase in profits over third quarter 2010.

  • Ahold outlines strategy to grow e-commerce, add c-stores and Belgium presence

    Amsterdam -- A Monday report by Bloomberg said that Royal Ahold NV will grow its online business, expand its store count in Belgium and add 150 convenience operations in an effort to ramp up sales.

    The Dutch owner of Stop & Shop is also on a cost-cutting mission, saying it will reduce expense by $473 million over three years via supply chain improvements and a reduction in logistics and overhead expense.

  • Just like mom used to make

    Gritty and dry are not words normally associated with a delicious chocolate chip cookie, but that is how Consumer Reports described most of the cookies tested in its December issue, including Target’s Market Pantry and Archer Farm’s brands.

  • Survey: Empty shelves, long checkout lines among top threats to keeping customers

    Chicago -- Nearly 70% of U.S. adults would avoid shopping at a retail store if they encountered empty shelves, according to a nationwide survey commissioned by Galleria Retail Technology Solutions, a leading provider of retail and category optimization solutions. Long checkout lines are another big turnoff (64%).

  • Dot com gaining ground ahead of the holidays

    Walmart continues to gain online momentum, judging from the most recent monthly report from measurement firm comScore Media Metrix.

    Walmart consistently ranks in the firm’s Top 50 U.S. Web properties report, and that was the case again in October when Walmart.com was ranked 23rd with 45.2 million unique visitors. By comparison, Target.com, which experienced some difficulties with a major relaunch several months ago, was the only other traditional retailer on the list and ranked 46th with 27 million unique visitors.

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