A massive food store is now closing in Pennsylvania according to a new report from the Winsight Grocery Business.
The Giant Company (formerly known as Giant Food Stores) is an American regional supermarket chain that operates in Pennsylvania, Maryland, Virginia, and West Virginia under the Giant and Martin’s brands.
A Giant Food Store in Pennsylvania is now abruptly closing and will be replaced by a new ‘deluxe’ market.
According to a November 14th report from Winsight Grocery Business, The Giant Company is expanding its footprint in its native state with a new store in Salisbury Township, Allentown, set to begin construction in 2025 pending permits and approvals.
The new store will be in Lehigh County, which currently includes seven The Giant Co. stores employing more than 1,400 people.
Once completed, the retailer’s current store and fuel facility, located at 3015 West Emmaus Ave. in Allentown, will close.
“After 35 years at our current location on West Emmaus Ave., it’s time to grow our store footprint and move a little further up the road,” said John Ruane, president of The Giant Co., in a statement.
“A larger and updated store will allow us to offer our Allentown area families the latest amenities while underscoring our commitment to providing our customers with great value, the best quality and friendly service they’ve come to expect from Giant.”
Specific store amenities, as well as an opening date, will be announced later, the grocer said.
The Carlisle, Pennsylvania-based grocery retailer is also pushing its presence even further in the Philadelphia area with plans for its first store in Jenkintown, which is located 10 miles north of Philadelphia.
The new store will bring over 100 jobs to the area, the Ahold Delhaize USA banner announced in May.
Other Economy News Today
Massive California banks are now closing soon according to fresh data from the Office of the Comptroller of the Currency.
The latest list of banks closing in California were released on Thursday by the OCC.
This week, another four bank branches in California have closed, with five more branches added to the growing closure list.
The banks closing in California soon are as follows:
- US Bank. 1309 North Chester Ave, Bakersfield (a new addition to the list)
- Wells Fargo. 5377 West Centinela Ave, Los Angeles (a new addition to the list)
- Wells Fargo. 535 South Myrtle Ave, Monrovia (a new addition to the list)
- Wells Fargo. 1705 N First St, San Jose (a new addition to the list)
- Wells Fargo. 3550 Wilshire Blvd, Los Angeles (a new addition to the list)
- Bank of America. 90 Pier Ave, Hermosa Beach
- Bank of America.300 Lakeside Dr, Oakland
- JP Morgan. 25882 MC Bbean Pkwy, Valencia
- Bank of America. 29687 The Old Rd, Castaic
- JP Morgan. 140 West Anaheim St, Wilmington
- Wells Fargo. 303 2nd St, San Francisco
- Wells Fargo. Hores Parkway, Redwood City
- Wells Fargo. 305 W. Sepulveda Blvd, Torrance
- Wells Fargo. 7950 West Sunset Blvd, Los Angeles
- BMO Bank. 6055 East Washington Blvd, City of Commerce
The banks that closed in California this week are:
- JP Morgan. 14111 Riverside Dr, Sherman Oaks
- JP Morgan. 707 Broadway, Ste 100, San Diego
- JP Morgan. 1720 Fulton St, San Francisco
- JP Morgan. 12555 Valley View Sy, Garden Grove
“Across California, 282 bank branches have closed this year, the second-highest number this century, aside from 2020,” reports Ash Jurberg.
“We are concerned about the closures, especially in communities of color and lower-income communities because of how that affects lending,” says Paulina Gonzalez-Brito, CEO of Rise Economy.
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