NEW YORK -- Saying that difficulties in the Giant-Landover division have been worse than its parent company anticipated, recovery will take longer than expected, an Ahold official said at the Goldman Sachs Global Retailing Conference here. "We've lost some momentum in Landover. We had higher hopes than actually came out [in the second quarter]," said Henk Jen ten Brinke, Ahold's vice president of investor relations. Giant has been affected by "under investment" in the wake of financial ...
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.