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Gordon Reid opened the first Giant Tiger store, on George Street in Ottawaâs Byward Market, on May 13, 1961, with a $15,000 investment. First-year sales of $139,781 were far lower than Reid had anticipated, and by the end of 1962 he decided to close the store.
While the deal would, if approved, create one of the largest supermarket operators in the United States, marrying Delhaizeâs Food Lion and Hannaford chains to Stop & Shop and Giant stores owned by Ahold, the move followed a string of grocery store mergers and a burst of new competitors across the United States.