Dutch retail giant Ahold has seen the weak dollar weigh on revenue during the first quarter of the year.

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Ahold said today (11 May) that net sales dipped 0.7% to EUR13.2bn (US$17.8bn) during the three months to the end of March.


Stripping out the effects of currency, revenue was up 5.8%, buoyed by first-time contributions from Konmar stores in the Netherlands and Clemens Markets outlets in the US.


Ahold’s figures were also hit by a comparison to the first quarter of 2006 when sales from its operations in Poland were included. In December, Ahold sold its Polish business to French retail titan Carrefour.

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