Giant opens new, improved store in Feasterville

Earlier this month Giant Food opened its new Feasterville, PA location. The new store is 66,000 square feet, approximately 25 percent larger than the store down the street that closed a day before the new Giant opened.

The new location includes an expanded fresh produce department with more organic selections, fresh-squeezed juices, in-store cut fruit, and a full salad bar. It also features a Beer & Wine Eatery with over 400 types of beer available. According to a news release, Giant is partnering with 13 local breweries from Pennsylvania and New Jersey, all of which are featured in the store.

In addition, the new Giant includes a full-service pharmacy with pharmacists available seven days a week, and a Starbucks-on-the-Go kiosk.

Giant currently has 171 stores in four states.

Walmart to invest billions in food pricing

Last week Walmart's chief merchandising officer said the company plans to invest $6 billion in retail pricing by 2017, with the investment primarily in food and consumables. He also said they expect to have more than 500 Neighborhood Markets operating - with total sales of $10 billion - by fiscal 2016.

According to Walmart's website, there are currently about 200 Neighborhood Market stores and they are approximately 38,000 square feet (SF) each.

The website states that "Walmart Neighborhood Markets offer fresh produce, meat and dairy products, bakery and deli items, household supplies, health and beauty aids and a pharmacy."

There are currently about 3,000 Walmart Supercenters (182,000 SF) and 600 Walmart Discount stores (106,000 SF) in the United States.