Giant Food to Invest $175 Million in Expansion and Store Enhancement

LANDOVER, Md., Dec. 4, 2018 /PRNewswire/ -- Giant Food, the leading greater Washington D.C. regional grocery chain, announced today a $175 million capital investment into expansion and improvement over the next two years. The significant investment will include one new store and 24 store remodels. These efforts are in addition to the recently announced $21 million investment into a new Giant in Olney, MD, set to open in spring 2019.

"As the region's leading grocer, this announcement is part of our long-term commitment to deliver a consistently exceptional experience for our shoppers," said Gordon Reid, President, Giant Food. "We look forward to updating and enhancing our existing stores and constructing both new and replacement locations to give our shoppers a fresh and imaginative selection, unique in-store experiences and superior customer service."

The brand-new store will be located in Fairfax Circle, VA. Giant opened two new stores in Herndon, VA and Alexandria, VA earlier this year on November 9^th and November 16^th, which allowed additional space for updated amenities and excellent product selection.

In addition, Giant will also be remodeling 24 store locations to feature new amenities such as enhanced perishable, produce, beer, wine and spirits offerings, full-service florists, expanded natural and organic departments, hot Asian food bars, fresh squeezed juice bars, enhanced check-out zones, full-service pharmacies and more.

As a result of the new projects, Giant anticipates the creation of approximately 500 new jobs in the communities it serves through the hiring of full and part-time associates.

Also part of Giant's commitment to the communities it serves, the grocer regularly supports local and national charitable organizations and local families through various annual in-store programs such as the A+ School Rewards Program, the Pediatric Cancer Research Program, 'Get Out and Play' health and fitness clinics and the Giant National Capital BBQ Battle.

Through its in-store pharmacy and nutrition programs, Giant works to educate and assist shoppers in making healthy and smart choices every day. Giant has also launched the Guiding Stars nutrition rating system in all stores.

For more information about Giant, visit www.giantfood.com.

About Giant Food
Giant Food is headquartered in Landover, Md. and operates 164 supermarkets in Virginia, Maryland, Delaware, and the District of Columbia. Giant Food employs approximately 20,000 associates. Included within the 164 stores are 154 full-service pharmacies. For more information on Giant, visit www.giantfood.com.

SOURCE Giant Food

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http://www.giantfood.com