ZAANDAM, Netherlands -- Executives from Ahold here reported a strong 1997, and outlined a two-pronged growth strategy for the new fiscal year. Fiscal 1997 saw a 38% increase in sales over the prior year to $25.3 billion (NLG 50.6 billion); and 48% increases in both operating results to $900 million, and consolidated net earnings, $466.9 million. Cees van der Hoeven, president, said 1997 was the first full year of contribution from its acquisition of Stop & Shop, Quincy, Mass. "Stop ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.