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Ahold Delhaize

  • Ahold's Q1 Results Reflect Energy Costs

    AMSTERDAM -- Ahold here yesterday posted sales of 14.1 billion euros for the first quarter of 2006, reflecting an increase of 8.6 percent over the year-ago period. Even excluding the impact of currency, net sales at the company rose 2.1 percent. Still, the retail conglomerate acknowledged that during the quarter "market conditions remained competitive and, particularly in the United States, energy costs continued to impact consumer behavior."

  • Former Ahold Execs Convicted and Sentenced in Fraud Case

    AMSTERDAM -- Cees van der Hoeven, the ex-c.e.o. of retail conglomerate Ahold here, and the company's former c.f.o., Michiel Meurs, were found guilty of fraud by a Dutch court and both sentenced to nine-month suspended jail terms yesterday after a nine-week trial, according to published reports. The fraud was in connection with an accounting scandal that came to light in 2003 and subsequently hurled Ahold into financial disarray, from which it has gradually been emerging.

  • Food Lion to Open 14 Bottom Dollar Food Units in Washington, D.C. This Summer

    SALISBURY, N.C. -- Delhaize Group subsidiary Food Lion LLC said yesterday that it's gearing up to open 14 of its new no-frills Bottom Dollar Food stores by summer's end in the Washington, D.C., area. The stores will be remodels of existing Food Lion units.

  • Delhaize Group's Strong Q1 Net Profit Boosted by Food Lion

    BRUSSELS -- Salisbury, N.C.-based regional chain Food Lion continues to be the star performer for Delhaize Group, based here. The global retailer said on Friday that Food Lion contributed heavily to an 11.3 percent jump in net sales and other revenues, as well as a 19.7 percent increase in group share of net profit in the first quarter.

  • INDEPENDENTS REPORT: Good business

    It pays to check whether ethics policies are ingrained in your culture, day in and day out.

  • Wal-Mart Leader in Global Retail, Tesco Closing Gap: Planet Retail

    LONDON -- Already accounting for more than 32 percent of the global market, the world's largest 30 grocery retailers continue to grow at a faster rate than the modern grocery market as a whole, according to Planet Retail's Top 30 Grocery Retailers Worldwide report.

  • Ahold's Board Gets New Member from Albert Heijn Fold

    AMSTERDAM -- Ahold said yesterday that Dick Boer, president and c.e.o. of the retail conglomerate's Albert Heijn Arena, has been nominated for appointment by the supervisory board to the company's corporate executive board, effective immediately, according to published reports.

  • Minyard Names New C.E.O.

    COPPELL, Texas -- Minyard Food Stores, Inc. here said Friday that Michael D. Byars has been promoted to president and c.e.o. from his prior position as e.v.p. of operations. The company didn't say why former c.e.o. Ron Johnson is stepping aside. However, it said that Johnson will focus his efforts on "broad strategic opportunities" as chairman of the Minyard Group, in keeping with the company succession plan.
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