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Ahold on Thursday reported flat U.S. second-quarter sales but an uptick in margins, profitability and market share as its ongoing cost reductions and investments in value take root.
U.S. sales for the period totaled $6 billion (U.S.), led by p...
Hannaford’s new small store concept is scheduled to open next week in North Berwick, Maine, the company said.
The 20,000-square-foot store is less than half the size of typical Hannaford markets. In an interview with SN earlier this year, Kevi...
Ahold USA said Wednesday it has joined the Coalition of Immokalee Workers’ Fair Food Program, and that it is committed to buying tomatoes only from growers meeting the CIW’s labor standards and paying a "penny-per-pound" premium on tomato orders ...
“There’s some question about whether they can get the synergies out of this deal when they haven’t really gotten synergies out of their own businesses yet.”
—NEIL STERN, McMillanDoolittle
Officials of Delhaize are expected to meet Wednesday with labor unions in Belgium to discuss its potential merger with Ahold, a move believed to be among the final steps in their courtship.
The meeting with labor officials was reported Tuesday...
Ahold said Tuesday that it was in the “final stages of negotiations” on a potential merger with Delhaize Group, but stressed that no agreements have yet been reached.
“Ahold expects to issue a press release in due course,” the company said.
...
Delhaize Group officials on Thursday said a need to generate greater scale to provide fuel for investment is sparking industry consolidation in the U.S. — and by extension, its own talks of a merger with rival Ahold.
“Food retail has been and ...
Ahold said U.S. sales were down in the first quarter and comps were flat, citing effects of lower gas prices, an earlier Easter holiday, and harsh winter weather.
Excluding the effect of gas prices, which were down by 35% as compared to the sa...