Investments in grocery-anchored shopping centers grew by 5.3% last year compared to 2016, according to a report issued by Chicago-based Jones Lang Lasalle (JLL). The increase makes the grocery-anchored segment one of the few retail sectors to see real growth.
The report also stated that grocery store openings declined by 29% in 2017, with several retailers cutting back on expansion plans and others shutting stores as they attempted to avoid bankruptcy.
"Grocery is considered to have a moat around it to defend against e-commerce, and because of that, these assets are seen by retail property investors as a safe investment," according to JLL.
A Supermarket News article points out investing in supermarket-anchored centers is not 100% safe, as Amazon and other e-commerce firms make inroads into the market. As a result, many shopping centers run the risk of dying, like their regional mall counterparts anchored by weak department stores.
Tops Friendly Markets (upstate New York) filed for bankruptcy last month, and Southeastern Grocers (Bi-Lo, Winn-Dixie, Harveys) may file this month. A&P, once a major player in the grocery industry, filed for bankruptcy and liquidated in 2015.
Not surprisingly, shopping centers anchored by strong operators like Whole Foods, Sprouts, Trader Joe's, Kroger, ShopRite, Wegmans and Publix are among those that have the greatest investment potential.
Showing posts with label Bi-Lo. Show all posts
Showing posts with label Bi-Lo. Show all posts
Wednesday, March 7, 2018
Thursday, August 17, 2017
Seven grocers in top 30 U.S. private companies
Forbes published its 33rd annual ranking of America's largest private companies, and seven grocers landed in the top 30. (Cargill topped the overall list, with $109.7 billion in sales, followed by Koch Industries).
Albertsons, with several banners including Albertsons, Safeway and Acme, is third on the overall list and the top grocer, with $59.7 billion in sales and 273,000 employees.
Also on the list:
#7: Publix Super Markets
#10: C&S Wholesale Grocers
#12: HE Butt Grocery (H-E-B)
#16: Meijer
#25: Southeastern Grocer (Bi-Lo, Harveys, Winn-Dixie)
#27: Hy-Vee
Albertsons, with several banners including Albertsons, Safeway and Acme, is third on the overall list and the top grocer, with $59.7 billion in sales and 273,000 employees.
Also on the list:
#7: Publix Super Markets
#10: C&S Wholesale Grocers
#12: HE Butt Grocery (H-E-B)
#16: Meijer
#25: Southeastern Grocer (Bi-Lo, Harveys, Winn-Dixie)
#27: Hy-Vee
Tuesday, June 27, 2017
Eight US companies make "world's fastest growing retailers" list
Recently 24/7 Wall St. analyzed data from the National Retail Federation and released a "World's 25 Fastest Growing Retailers" list. Eight U.S.-based retailers made the cut, three of which are grocers.
Here are the eight American companies on the list:
Here are the eight American companies on the list:
- Albertsons Companies (5-year annual growth: 74.1%)
- Sprouts Farmers Market (47.4%)
- Southeastern Grocers - BI-LO, Harveys, Winn-Dixie, Fresco y Mas (34.6%)
- Apple/Apple Retail Stores (23.4%)
- NIKE/Direct-to-Consumer (22.3%)
- Ulta (22.1%)
- Dollar Tree (21.4%)
- Amazon (20.8%)
Thursday, October 9, 2014
23 Bi-Lo and Winn-Dixie stores to close in the next month
A spokesperson for Bi-Lo Holdings said this week that the company would close 23 Bi-Lo and Winn-Dixie stores on or before November 17. Closures, which are blamed on poor performance, will take place in Alabama, Georgia, Louisiana, North Carolina and South Carolina.
The Spokesperson told Supermarket News that the closing stores represent less than 3% of the company's total store base.
Bi-Lo Holdings also plans to open or remodel 25 stores this quarter.
The Spokesperson told Supermarket News that the closing stores represent less than 3% of the company's total store base.
Bi-Lo Holdings also plans to open or remodel 25 stores this quarter.
Wednesday, October 23, 2013
Cerberus exploring a deal to takeover Safeway
According to a report from The Chicago Tribune, Cerberus Capital Management is exploring a deal for all or part of Safeway, the second-largest supermarket operator in the U.S. In addition, Supermarket News said this morning that according to a Reuters report, Safeway has engaged Goldman Sachs to explore a potential private equity takeover.
Safeway, which exited the Philadelphia market by selling or closing its Genuardi's stores (with the exception of one remaining store in Audubon, PA) and recently announced that it plans to exit the Chicago market by selling its Dominick's chain, just received clearance from Canada to sell its 212 stores there to Empire Co. for $5.8 billion in cash.
Earlier this year, Cerberus led an investor group that included Kimco in a $3.3 billion acquisition of a group of supermarket chains from Supervalu that included Acme, Albertsons and Jewel-Osco.
Other grocery deals completed this year included Kroger's $2.5 billion acquisition of Harris Teeter, Bi-Lo Holdings $265 million purchase of three Delhaize chains, and Spartan's acquisition of Nash Finch.
Safeway has experience with private equity, as KKR took the supermarket chain private in 1986. KKR sold its stake 13 years later and reportedly made a $7 billion profit.
According to Safeway's website, there are currently over 1,600 Safeway stores in the United States and Canada. Banners include Safeway, Vons, Dominick's, Randalls, Tom Thumb and Carrs.
Safeway, which exited the Philadelphia market by selling or closing its Genuardi's stores (with the exception of one remaining store in Audubon, PA) and recently announced that it plans to exit the Chicago market by selling its Dominick's chain, just received clearance from Canada to sell its 212 stores there to Empire Co. for $5.8 billion in cash.
Earlier this year, Cerberus led an investor group that included Kimco in a $3.3 billion acquisition of a group of supermarket chains from Supervalu that included Acme, Albertsons and Jewel-Osco.
Other grocery deals completed this year included Kroger's $2.5 billion acquisition of Harris Teeter, Bi-Lo Holdings $265 million purchase of three Delhaize chains, and Spartan's acquisition of Nash Finch.
Safeway has experience with private equity, as KKR took the supermarket chain private in 1986. KKR sold its stake 13 years later and reportedly made a $7 billion profit.
According to Safeway's website, there are currently over 1,600 Safeway stores in the United States and Canada. Banners include Safeway, Vons, Dominick's, Randalls, Tom Thumb and Carrs.
Wednesday, May 29, 2013
Bi-Lo to buy three banners from Delhaize
Bi-Lo Holding, which operates Bi-Lo and Winn-Dixie supermarket chains in eight southern states, announced yesterday that it has agreed to acquire Sweetbay, Harveys and Reid's stores from Delhaize for $265 million. Delhaize owns Food Lion and Bottom Dollar Food, among others.
According to a Supermarket News report, there are 165 stores included in the transaction that generated revenues of about $1.8 billion last year. The same report claims that Sweetbay currently has 72 stores in Florida, Harveys has 72 stores in Georgia and Florida, and Reid's has 11 stores in California. (72+72+11=155.)
The sale is expected to close later this year, pending regulatory approval.
According to a Supermarket News report, there are 165 stores included in the transaction that generated revenues of about $1.8 billion last year. The same report claims that Sweetbay currently has 72 stores in Florida, Harveys has 72 stores in Georgia and Florida, and Reid's has 11 stores in California. (72+72+11=155.)
The sale is expected to close later this year, pending regulatory approval.
Monday, December 19, 2011
Winn-Dixie to merge with Bi-Lo... who's next?
Although the impending merger between Winn-Dixie and Bi-Lo doesn't affect the Greater Philadelphia market, it's newsworthy nonetheless. It is widely expected that we will see more such mergers and/or acquisitions in the coming months and years. And the next transaction - if the many rumors are true about Giant (Ahold) and Genuardi's (Safeway) - may be much closer to home.
As for the current news, the merger of Winn-Dixie and Bi-Lo, two strong regional brands with no overlap, will result in a network of nearly 700 stores in eight Southeastern states. The transaction is expected to close by April, subject to the approval of Winn-Dixie shareholders. Once the merger is completed, Winn-Dixie will become a privately-held, wholly-owned subsidiary of Bi-Lo. Winn-Dixie's stock will no longer be traded on the NASDAQ.
Representatives of the two companies expect that both companies will continue to operate under separate banners, and no stores will close as a result of the merger.
As for the current news, the merger of Winn-Dixie and Bi-Lo, two strong regional brands with no overlap, will result in a network of nearly 700 stores in eight Southeastern states. The transaction is expected to close by April, subject to the approval of Winn-Dixie shareholders. Once the merger is completed, Winn-Dixie will become a privately-held, wholly-owned subsidiary of Bi-Lo. Winn-Dixie's stock will no longer be traded on the NASDAQ.
Representatives of the two companies expect that both companies will continue to operate under separate banners, and no stores will close as a result of the merger.
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