NETHERLANDS: Ahold sales flat
Royal Ahold today posted second quarter sales of EUR10.48bn (US$13.46bn), an increase of 2.2% from EUR10.45bn reported a year earlier.
The retailer said that the flat sales were the result of competitive market conditions and the impact of high energy prices which have encouraged consumers to be more conservative in their purchases, particularly in the US.
Nonetheless, Ahold said that its US performance and margins would be boosted by improvements at Giant-Landover and store rationalisation at Tops.
While sales remained relatively flat in the US, Schuitema and central Europe, sales in Ahold's home market were more positive. Sales at Ahold's Albert Heijn format rose by 8.5% to EUR1.7bn and same-store sales increased by 6.8%.
Recent acquisitions by Tesco and Carrefour have set the tone for a period of consolidation in the Polish grocery sector, which Krakow-based consultancy PMR expects to see grow in the next few years as...
UK retailer Sainsbury's saw its share price rocket this morning (2 February) as private equity investors revealed their interest in the company....
Royal Ahold NV said today (1 February) that its fourth quarter sales fell 3.7% year-on-year, primarily due to the impact of a weaker US dollar....
Royal Ahold NV today (19 January) said its supermarket chain Albert Heijn will cut prices on another 1,000 products....
Laurus NV has announced the appointment of Eric CJ Leebeek as marketing and purchasing manager, effective from 26 February....
Dutch retailer Ahold has announced that Carl Schlicker is to take over as president and CEO of its Giant-Carlisle/Tops division in the US, succeeding Tony Schiano, who is retiring after 34 years with ...
The European Commission has approved the acquisition of Rimi Baltic, a retailer with operations in Estonia, Latvia and Lithuania, by Swedish retail group ICA....
The chairman of the Portuguese retail group Jeronimo Martins has said the company may have to issue more debt to finance its EUR1bn (US$1.3bn) investment programme to 2009 and to buy out Ahold's 49% s...
- Analysis: Post discusses rationale for Weetabix
- Interview: Sir Kensington's on sale to Unilever
- US food next wave on display at Winter Fancy Food
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Post: Weetabix "opens up M&A opportunities"
- Suntory to offload Australia, New Zealand foods
- Nestle organic growth slows but beats expectations