Comps Up at Stop & Shop, Giant-Carlisle 2007

AMSTERDAM — Ahold on Friday said comparable-store sales were positive at Stop & Shop and Giant-Carlisle in the second quarter, but were down 0.8% at Giant-Landover. Comps rose 1.7% at Stop & Shop and 4.4% at Giant-Carlisle. At the combined Stop & Shop/Giant-Landover division, total sales were up 1.9%, to $3.9 billion. At Giant-Carlisle, sales rose 13.7%, to $1 billion, in part because of the acquisition of Clemens Markets late last year. The company said margins continued to be pressured by the rollout of the Value Improvement Program, which involves reducing SKUs and cutting prices. Ahold’s flagship Albert Heijn chain in the Netherlands saw sales rise 10.3%. Overall second-quarter sales at Ahold were up 5.6% at constant exchange rates, to about $9.1 billion U.S.

Read More of Today's Headlines