Food Retailing / Supermarkets

Grocer Ahold Reports Profit Rise

Attributes success to price lowering and store remodeling

Published

15 years ago

March 3, 2009

VMSD Staff

Ahold (Amsterdam, The Netherlands), owner of Stop & Shop and Giant supermarkets in the U.S., reported its fourth quarter profits rose $361 million for the fourth quarter, an increase of 9 percent from last year.

According to The New York Times, the company attributed the sales jump to two years of changes at its U.S. business, including lowering prices, simplifying its product selection and redesigning stores. Many of these changes were implemented before the economic crisis, in light of the company’s own problems with an accounting scandal in 2003.

The U.S. group generates more than half of the company’s sales.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design