Ahold, the Dutch retailer behind US chains Stop & Shop and Giant Food, has seen its sales growth slow during the second quarter of the year.
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The company, which also runs the Albert Heijn chain in the Netherlands, said today (28 July) that second-quarter net sales had risen by 11.5% to EUR6.4bn during the three months to 12 July. On a constant-currency basis, net sales were up 3.9%.
In the first quarter of the year, Ahold booked a 15.2% rise in net sales – or 6.2% on a constant-currency basis.
Ahold said inflation “slowed considerably” during the second quarter, with shoppers focusing more on price and promotions.
In the US, Ahold’s Stop & Shop/Giant-Landover division saw net sales rise by 2.8% to US$4.1bn. Identical-store sales climbed 1.7% at Stop & Shop, rose by 3.7% at Giant-Landover and 1.8% at Giant-Carlisle. Net sales from the giant-Carlisle business unit dipped 0.4% to US$1.1bn.
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By GlobalDataIn Ahold’s home market, net sales jumped 7.8% to EUR2.2bn. The retailer’s Albert Heijn stores saw net sales climb 7.9% thanks to the conversion of stores formerly owned by fellow Dutch retailer Schuitema. Identical-store sales inched up 0.4%.
In the Czech Republic and Slovakia, Ahold’s Albert/Hypernova unit saw net sales fall 6.8% to EUR383m due to a series of store closures. Identical-store sales fell 1.6%.
ICA, Ahold’s venture in Scandinavia, saw net sales fall 8.3% to EUR2.2bn due to the strength of the euro. Stripping out foreign exchange, net sales were up 2.6%.
