Giant Eagle Merges Into Convenience Store Business
By George Anderson
Giant Eagle is going into the convenience store business with its merger with the Crossroads convenience store chain. The 26 Crossroads’ stores will be jointly owned and operated by Giant Eagle and Guttman Enterprises (former sole owner of Crossroads).
The two companies are planning a rollout of the operation under a new name.
According to the Pittsburgh Business Times, “Giant Eagle’s venture with Crossroads appears to be indicative of the supermarket giant’s continued efforts at diversification. Already, Giant Eagle has gas stations at 13 of its stores. Plus, the company has segued into catering as well with its acquisition last year of Bradley House of Catering.”
Moderator’s Comment: What are your thoughts on supermarket
operators moving into the convenience store business?
[George
Anderson – Moderator]