NETHERLANDS: Ahold's Schuitema reports 2002 sales of €3.66bn

NETHERLANDS: Ahold’s Schuitema reports 2002 sales of €3.66bn

Dutch grocery wholesaler Schuitema, which is majority owned by Dutch retail giant Royal Ahold, has announced that its 2002 sales rose 4.6% to €3.66bn (US$3.8bn). "The conversion of our A&P supermarkets into the C1000 formula contributed to the result as well as autonomous growth at C1000," Schuitema spokesman Karel-Jan van den Hoven told Reuters.

January 6, 2003

Dutch grocery wholesaler Schuitema, which is majority owned by Dutch retail giant Royal Ahold, has announced that its 2002 sales rose 4.6% to €3.66bn (US$3.8bn).

“The conversion of our A&P supermarkets into the C1000 formula contributed to the result as well as autonomous growth at C1000,” Schuitema spokesman Karel-Jan van den Hoven told Reuters.

C1000 sales increased 24% €3.49bn and the chain increased its market share in the Netherlands to 14.6% from 12.4% a year ago. Schuitema said that it expects to maintain growth at its C1000 stores in 2003.