1. News
November 11, 2019

Giant Food to renovate Livingston Road store in Fort Washington, US

US supermarket chain Giant Food has revealed plans to renovate the Livingston Road store in Fort Washington, Maryland, US.

US supermarket chain Giant Food has revealed plans to renovate the Livingston Road store in Fort Washington, Maryland, US.

Free Report
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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

When operational, the new 42,000ft2 site will feature an expanded natural food department, as well as full-service florist, deli, prepared foods, bakery, seafood and meat departments.

The location will also offer a full-service pharmacy, with a health and beauty care department complemented by Giant’s new Pick-Point system. The retailer will also introduce Giant Pickup online ordering services.

Giant Food interim president Ira Kress said: “Giant’s investment in this complete store redevelopment will bring a vibrant and exciting new face to Giant Food at the Livingston road location, furthering our service to the local community in Fort Washington, an area that we have served for 43 years.

“We are committed to offering our local neighbourhoods great value, quality and selection across our stores and the rebuild that will take place in Fort Washington will do exactly that.”

Prince George’s County Economic Development Corporation is supporting the retailer’s store redevelopment programme.

The renovation announcement follows the opening of new Giant Food store in Maryland in August this year. The company has 16 other Giant locations in Prince George’s County.

Giant Food operates 163 supermarkets in Virginia, Maryland, Delaware, and the District of Columbia.

The company also runs 153 full-service pharmacies.

Last month, Giant Food launched Giant Delivers, a next-day home delivery service. It is accessible to over six million shoppers in more than 300 zip codes across the Washington metropolitan area.

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.