The next decade of Ryan Sciullo’s career may look a little different than his first 15 years of selling grocery-anchored shopping centers. Sciullo, a senior member of CBRE’s national retail group, specializes in shopping centers anchored by food retailers like Giant, Trader Joe’s and BJ’s Wholesale Club. As Covid-19 has [...]
New grocery store openings were up 30% in 2018, with more than 17 million square feet of space added in the United States, according to JLL’s Grocery Tracker 2019 report. More than one-quarter of the new stores were in Florida, California and Texas due to expansion by their respective local market-leading grocers: [...]
A recent Wall Street Journal article connected food retailers’ increasing emphasis of store perimeters with flatlining sales of iconic center store CPG brands and underscored that the emerging concept of supermarkets as “grocerants” is maturing into the mainstream. This is hardly a startling new revelation to us or to many [...]
With comparable sales declining, Target is looking at ways to increase store traffic. The company generates higher overall sales in stores with groceries and is looking to make itself a more compelling destination for grocery shopping. Recently, the company started building dedicated teams to manage the grocery sections of its [...]
Target Corp. has a problem in its grocery aisles: Shoppers aren’t visiting often enough to buy the retailer’s fresh meat, fruits and vegetables before they spoil. Perishable foods, which usually are the big traffic drivers at most grocery stores, have been a drag on Target’s profits, according to people familiar [...]