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Giant to Buy 2 Genuardi’s

CARLISLE, Pa. — Giant of Carlisle continued its expansion toward Philadelphia — and Genuardi’s its retreat — as Giant on Thursday announced an agreement to take over two Bucks County Genuardi’s stores from Safeway.

Jon Springer, Executive Editor

November 4, 2010

1 Min Read
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JON SPRINGER

CARLISLE, Pa. — Giant of Carlisle continued its expansion toward Philadelphia — and Genuardi’s its retreat — as Giant on Thursday announced an agreement to take over two Bucks County Genuardi’s stores from Safeway.

The stores, located in Feasterville, Pa., and Warrington, Pa., are scheduled to close Nov. 13, Giant said. Both will undergo remodels and reopen under the Giant banner in the first quarter of 2011. A purchase price was not disclosed.

Current Genuardi’s workers will have the opportunity to transfer to other Genuardi’s stores, Giant said. If the workers choose not to transfer, they will have an opportunity to interview for a position with Giant.

With the sale of the two stores, Genuardi’s will operate 29 stores and one freestanding pharmacy — down from 36 supermarkets earlier this year. Maryanne Crager, a spokeswoman for Genuardi’s, said the stores were identified as “underperforming” by Safeway, the banner’s Pleasantville, Calif.-based owner. “The sale will help shore up our resources for our other locations,” she told SN.

Giant in the meantime has been steadily pushing toward metro Philadelphia with new stores and acquisitions.

“We are very excited to have the opportunity to expand our presence in the greater Philadelphia region,” Rick Herring, president of Giant, said in a statement.

About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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