Giant Eagle Net Worth is9.90 $Billion
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Giant Eagle is a supermarket chain with stores in the U.S. states of Pennsylvania, Ohio, West Virginia, and Maryland. The company was founded in 1918 in Pittsburgh, Pennsylvania and incorporated on March 17, 1933.Supermarket News ranked Giant Eagle No. 21 in the 2012 "Top 75 North American Food Retailers" based on 2011 fiscal year estimated sales of $9.3 billion. In 2005, it was the 32nd-largest privately held corporation, as determined by Forbes. Based on 2005 revenue, Giant Eagle is the 49th-largest retailer in the United States. As of Summer 2011, the company had 175 company-owned and 54 franchised stores. The company also operates 168 fuel station/convenience stores under the GetGo banner.
The company operates its corporate headquarters in an office park in the Pittsburgh suburb of O'Hara Township.
In 1918, three families, Goldstein/Shapira, Porter, and Chait built a series of small grocery stores they called Eagle Grocery. They were successful and the business grew steadily to 125 stores. In 1928, these three families sold Eagle Grocery to the Kroger Company. As part of their arrangement with Kroger, the families agreed to leave the grocery business for a period of three years.
In the meantime, two families, Moravitz and Weizenbaum, built their own successful chain of grocery stores named OK Grocery. In 1931, the five families combined forces to form Giant Eagle. Giant Eagle operated stores throughout Pittsburgh-area neighborhoods, and the chain grew steadily throughout the ing stores that were converted to the Giant Eagle name. The Kent and Ravenna, Ohio, stores were the first to be converted at that time; the Youngstown stores then got converted years later. Around mid or late 1990s, Giant Eagle ("GE") chain later reached Cleveland, Ohio.
The company entered the Toledo, Ohio, market opening two stores in 2001 and 2004. Giant Eagle emerged as one of the dominant supermarket chains in Northeast Ohio, competing mainly against the New York-based Tops,

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Posted: May 17, 2018, 7:55 am
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