LANDOVER, Md. — Giant Food here has launched “Project Refresh,” a sweeping makeover plan that will seek to remodel or relocate 100 of the chain's supermarkets during the next three years.
The effort comes as the chain's sales have continued to lag in the face of increased competition in the market. Comparable-store sales were down 1.6% in the third quarter that ended Oct. 7, Giant's Amsterdam-based parent company, Ahold, reported late last month.
Patrick Roquas, an analyst who follows ...
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