Dutch retailer Schuitema has seen quarterly profits fall almost 10% due to ongoing restructuring at the company.
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The retailer, in which Ahold holds a 73% stake, booked net profit of EUR9m (US$13m) for the three months to the end of September, a fall of 9.9% on the year.
Schuitema, which runs the C1000 stores in the Netherlands, posted its sales figures earlier this month. Turnover was up 1.7% to EUR737m.
CEO Bert Roetert said: “We are continuing to strengthen the position of C1000 in the market. That means investing in the formula and the quality of sales.”
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