ZAANDAM, Netherlands -- Ahold here said it would triple the number of remodels at its Stop & Shop and Giant-Landover chains this year as it seeks to regain sales momentum at the recently combined banners. In a conference call last week discussing its results for the fiscal year ended Jan. 2, Ahold said it would boost capital expenditures to 4% of sales this year, or an estimated $2.3 billion, after cutting back to 3.5% of sales in 2004 to reduce costs in the wake of its 2003 accounting ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.