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Giant Eagle offers customers more banking options with in-store branches

BY Michael Johnsen

COLUMBUS, Ohio Huntington on Thursday announced the opening of the first of its Giant Eagle in-store branches, part of an exclusive, 15-year agreement announced in September to install seven-day-a-week, full-service branches in at least 103 Giant Eagle supermarkets.

 

"This is a true partnership between two companies that share a strong, long-held commitment to customer service, convenience and the communities in which we do business," stated Mary Navarro, retail and business banking director. "We will add 500 jobs over time in Ohio. This will give Huntington the largest branch network in Ohio, with nearly 500 branches."

 

Huntington in-store branches are located across four Giant Eagle locations. The new in-store distribution channel is an important part of Huntington’s strategy to give customers added convenience and continue the bank’s growth, Navarro said.

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Dollar Tree completes purchase of Dollar Giant assets

BY Michael Johnsen

CHESAPEAKE, Va. Dollar Tree on Wednesday announced that it has completed its purchase of the assets of 86 Dollar Giant stores for approximately $52 million in cash, plus the assumption of certain liabilities.

 

This marks Dollar Tree’s first expansion of retail operations outside of the United States.

 

 

Based in Vancouver, British Columbia, Dollar Giant stores offer a wide assortment of general merchandise, contemporary seasonal goods and everyday consumables, all priced at Canadian $1.25 or less.  The stores average 9,000 gross sq. ft. and operate in British Columbia, Ontario, Alberta and Saskatchewan.

 

 

"We now have an outstanding platform for significant expansion in Canada, with an experienced team of management and associates,” stated Bob Sasser, Dollar Tree president and CEO.

 

 

Dollar Tree operates 4,009 discount variety stores across 48 states. The company is one of the few operations in the dollar channel that literally sells everything for $1 or less.

 

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Deloitte consumer spending index drops in October

BY Allison Cerra

NEW YORK — Soft housing prices drove down the Deloitte consumer spending index for the month of October, Deloitte said Wednesday.

The index, which is comprised of four components — tax burden, initial unemployment claims, real wages and real home prices — fell to 4.63%, from an upwardly revised gain of 4.84% a month ago.

But Deloitte said that the drop is no reason to give up hope on the holiday season.

"Despite the index’s recent weakness, there are signs that consumers are starting to shake off their long-term austerity in time for the holiday season," said Alison Paul, vice chairman and retail sector leader at Deloitte. "Recognizing there is still fierce competition for consumers’ wallets this season, retailers should be ready to capture the consumer’s interest with renewed focus on their exclusive items, personalized service and targeted promotions."

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