AHOLD DELHAIZE

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GIANT Food Stores unveils $114 million strategic growth plan

GIANT Food Stores plans to invest $114 million over the next 18 months – building on last year’s success of its two new brands GIANT Heirloom Market and GIANT DIRECT.

Investments include an innovative GIANT DIRECT ecommerce fulfillment center, two new stores and remodeling for 35 existing stores. The omni-channel fulfillment center will be GIANT’s largest and support its ecommerce brand GIANT DIRECT, which has experienced double-digit growth since its launch last year.

The center will provide more capacity, better distribution and room to grow home delivery and in-store pick-up for online orders. GIANT will partner with Peapod Digital Labs to drive the innovation development for the facility.
Zaandam, the Netherlands, January 10 2020
Source and details: media release

About Ahold Delaize

Ahold Delhaize is one of the world’s largest food retail groups. The company is a leader in supermarkets and e-commerce, and at the forefront of sustainable retailing. Local brands serve more than 50 million shoppers each week in the United States, Europe and Indonesia.

Each brand shares a passion for delivering great food, value and innovations, and for creating inclusive workplaces that provide rewarding professional opportunities. The brands have also established meaningful, lasting commitments to strengthen local communities, source responsibly and help customers make healthier choices.

Ahold Delhaize was formed in July 2016 from the merger of Ahold and Delhaize Group, retail innovators for almost 150 years. The local brands employ around 372,000 associates in more than 6,700 local grocery, small format and specialty stores.

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ISIN: NL0011794037

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