Giant Comps Down as Remodel Effort Begins

Ahold said Friday that comparable-store sales at its Landover, Md.-based Giant Food chain slid 1.6% in the third quarter, which ended Oct. 7, as the chain continues to struggle against new competition.

AMSTERDAM — Ahold here said Friday that comparable-store sales at its Landover, Md.-based Giant Food chain slid 1.6% in the third quarter, which ended Oct. 7, as the chain continues to struggle against new competition. Early next year the chain will launch what one analyst estimated will be a $300 million effort, called Project Refresh, to refurbish or relocate 100 of its stores. The remodels will seek to replicate many of the features in the chain's prototypes in Millville, Del., and Dunkirk

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