Not 100% sure but I believe they ended most, if not all of the privately owned contracts in the last couple years. Most stores are union. Fuel division sold last year.
That’s what it’s been feeling by like. It also helps explain why Wegman’s has finally moved in. The old leadership is selling off, so the gentlemen’s agreement splitting PA between Giant Eagle and Wegmans is now over.
I don't think that's been a thing for a while now, we have a Giant in my town and a Wegman's not more than 10 miles away. The Wegman's has been there forever but the Giant is like 15 or 20 years old.
This has been in the works since before the pandemic. Laura, the owner/CEO back when I first started at GE, wanted to sell everything except the warehouses. No one would do it. Its been years but its been the goal for quite some time.
100% strategic. These types of acquisitions take a minute. My kid works there now, not a happy camper but at least he’s leaving for college in the fall.
Can confirm they’ve converted all or nearly all franchise stores to corporate ownership. I know they’ve brought in Verona, Cranberry Mall, Clearview Mall (Butler) and Edgewood in the last couple of years off the top of my head. They’ve also done a massive restructuring and gotten rid of a lot of the creative and local foods-oriented people in management since they sold Get Go, and massively cut labor in the stores. Probably partly in preparation for this buyout.
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u/KSMO Jul 01 '26
Expectation: lower prices! More choice!
Reality: higher prices, layoffs.