Giant Food Stores is set to invest $70m to expand its business in the country over the next two years.

The investment will be used to develop six new stores, remodel two locations and open five new fuel stations in Pennsylvania.

The company also plans to expand its presence to East Stroudsburg and Walnutport communities in Pennsylvania with two new stores.

Both the locations will have new fuel stations and are expected to be open next year.

Giant Food Stores president Nicholas Bertram said: “We are positioning the company for long-term growth, and we are excited to grow our presence within East Stroudsburg and Walnutport to better serve the families in those communities.

“This year, Giant is celebrating our founding in Pennsylvania 95 years ago, so we’re especially proud to make these new investments in our home state.”

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“The investment will create approximately 300 additional jobs in these regions.”

The supermarket chain plans to open the remaining four stores in Feasterville-Trevose, South Atherton St State College, Warrington and Broomall areas of Pennsylvania.

Feasterville-Trevose store will open in summer this year and the other three stores will be inaugurated next year.

Alongside the store opening, the company also plans to remodel two stores, including the Shrewsbury location with a 4,000ft2 expansion and the West Chester location.

The expansion also includes the opening of three new fuel stations in Lititz, Horsham and Bethlehem locations.

According to the company, the investment will create approximately 300 additional jobs in these regions.

Headquartered in Carlisle, Pennsylvania, the retail chain currently operates 170 stores offering home delivery, online and mobile ordering, and in-store nutrition services.