The Pittsburgh-based Giant Eagle grocery chain, which has more locations in Erie and Crawford counties than any other chain, is unveiling another round of price cuts.
Giant Eagle, which announced hundreds of long-term price cuts in 2012, has launched this second round of cuts with average price reductions of 15 percent on more than 3,000 grocery items.
Collectively, throughout the chain’s 229 stores, those price cuts are projected to save customers $70 million a year, the company said.
Examples of the price cuts include dropping the price of a 14-ounce box of Cheerios by 23 percent to $2.99 and the price of a 30-ounce jar of Hellmann’s mayonnaise 20 percent to $3.99.
Those price cuts come as Giant Eagle faces growing price competition from chains such as Aldi and Walmart, which is the nation’s largest grocery chain.
The majority of the price cuts already have been made. The remaining cuts are scheduled to take place by April 11.
The chain also announced plans to donate an additional 500,000 meals to food banks throughout the areas that it serves.