Giant Food Stores to invest $114M in Pennsylvania
Giant Food Stores is betting big on its presence in Pennsylvania.
The retailer said Thursday that it will be investing $114 million in capital expenditures over the next 18 months to build on the recent success of its Giant Heirloom Market and Giant Direct brands.
“We’re doubling down on growth and innovation for our customers, building on the incredible momentum of 2019, and continuing to invest in our great Commonwealth,” Nicholas Bertram, president of Giant Food Stores said. “The accelerated growth of Giant Direct has set the stage for additional investment opportunities that extend our e-commerce geographic reach. At the same time, our Giany Heirloom Market format has enabled us to reach an entirely new demographic in Philadelphia.”
In addition, Giant Food Stores unveiled plans to create a Giant Direct e-commerce fulfillment center, open two new stores, and remodel 35 existing locations throughout 2020 and 2021.
“It is so important when Pennsylvania businesses, especially retailers and producers, support each other and form partnerships for mutual growth,” Pennsylvania Gov. Tom Wolf said. “I thank Giant for helping the state’s farmers and food suppliers grow their businesses by showcasing PA Preferred products at its stores. This expansion will not only create jobs but will also provide access to local PA Preferred products to new areas throughout the state.”
Two new locations — on in Harrisburg and another in Summit — also are set to open during 2020 and 2021, which the company said would create new job opportunities for the communities.
“The $114 million that Giant is pledging to invest over the next two years is going to have a big impact on our economy. Giant has been a Pennsylvania company since it was founded in Carlisle almost 100 years ago, and it’s great news to see them growing at an incredibly rapid rate, creating jobs, and helping provide food access in our communities,” said Dennis Davin, Pennsylvania's secretary of community and economic development. “Thank you to Giant Food Stores for continuing to invest in Pennsylvania.”