ZAANDAM, the Netherlands — Ahold Delhaize reported strong fourth-quarter results that beat expectations, helped by increased online sales boosted by the pandemic. A report by Reuters noted that the company’s net sales in the final quarter of 2021 totaled 20.1 billion euros ($22.8 billion), beating a forecast of 19.8 billion euros in a company-compiled poll
ZAANDAM, the Netherlands — Ahold Delhaize is kicking off a new growth and investment plan designed to support its vision of offering the “leading local food shopping experience for customers,” while also enhancing its digital and supply chain capabilities, and increasing its focus on health and sustainability. The new plan, unveiled as part of the
ZAANDAM, The Netherlands — Foresight and adaptability have been two distinguishing characteristics of Ahold Delhaize since its formation in 2016, and those qualities continued to serve the retailer well in the second quarter of fiscal 2021, as it negotiated COVID-induced market changes around the world. During the three months, net revenue reached €18.6 billion, up
ZAANDAM, the Netherlands — Ahold Delhaize showed continued growth against tough comparisons in the first quarter. Net sales were €18.3 billion ($22.1 billion), up 5.8% at constant exchange rates. Comparable sales excluding gas grew 1.7%, and were up 15.5% compared to 2019. Online sales were up 188.3%, driven in part by the acquisition of Fresh
NEW YORK — Ahold Delhaize has entered into a definitive agreement to acquire a majority stake in the online grocer FreshDirect, the company said Wednesday. Ahold Delhaize will acquire the majority share, funded by cash on hand, and Centerbridge Partners will be a minority equity investor with a 20% stake. After the deal closes, FreshDirect
ZAANDAM, the Netherlands – Ahold Delhaize reported net sales of €17.8 billion (about $20.9 billion) in the third quarter. That is an increase of 6.8%, or 10.1% at constant exchange rates. Comparable sales growth (excluding gas) was up 12.4% in the United States and 7.5% in Europe, the company said Wednesday. Net consumer online sales grew 62.6%
LANDOVER, Md. — Giant Food announced this week that it will be offering flu vaccinations for both adults and children at new mobile clinics throughout Washington, D.C., Maryland, Virginia and Delaware through October. The vaccinations will be administered by Giant’s specially trained, dedicated, and certified pharmacists, require no appointment and are often covered in-full by most insurance plans. Giant’s
BETHPAGE, N.Y. — Ahold Delhaize announced on Wednesday that its Stop & Shop division’s planned acquisition of King Kullen Grocer Co. is off. A joint decision was made to terminate the acquisition deal because an agreement about terms of the deal could not be reached, Ahold Delhaize said in a statement. The initial announcement of the proposed
ZAANDAM, Netherlands — Ahold Delhaize on Wednesday reported fourth quarter operating income of 627 million euros ($716 million) at constant exchange rates, with net sales of 16.5 billion euros, a 3% increase from a year ago. The company’s fourth quarter results were lifted by a 25% increase in online sales. Net sales for the full
ZAANDAM, Netherlands — Ahold Delhaize has appointed Farhan Siddiqi as chief digital officer and member of the retailer’s executive committee, effective January 28. Siddiqi will drive digital transformation and innovation across Ahold Delhaize’s brands, focusing on shopper loyalty, data analytics and personalization, the company said Tuesday in announcing the appointment. “I’m thrilled to welcome Farhan
BETHPAGE, N.Y. — Ahold Delhaize announced Friday that Stop & Shop, its largest banner in the United States, has agreed to acquire King Kullen Grocery Co. The deal includes King Kullen’s 32 supermarkets, five Wild by Nature stores and the use of its corporate offices located in Bethpage, N.Y. “This transaction underscores our commitment to
ZAANDAM, Netherlands — Ahold Delhaize has appointed Selma Postma as president of Peapod, effective January 1. Postma joins Peapod after a career of almost two decades at Albert Heijn. Since 2014, she was general manager of Albert Heijn Online, where she helped to accelerate online sales to more than 20% annually. Her teams also led
ZAANDAM, Netherlands — Ahold Delhaize announced on Thursday that Dick Boer will be stepping down as chief executive officer as of July 1 and will retire from the company. Frans Muller has been appointed as the new CEO, effective July 1. “We thank Dick for his leadership and dedication throughout his 20-year career at Ahold Delhaize
ZAANDAM, Netherlands — Ahold Delhaize is creating a parent company for its U.S. food and drug retail operations called Ahold Delhaize USA. The company said that, effective Jan. 1, Ahold Delhaize USA will oversee all of Ahold Delhaize’s U.S. companies, including its local store banners — Stop & Shop, Food Lion, Giant, Hannaford, Giant/Martin’s and