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Ahold Delhaize to update Stop & Shop with a fresh new format

Ahold Delhaize, one of the world’s largest food retail groups and a leader in both supermarkets and e-commerce, reported a solid second quarter with increased sales and margins, unfavorably impacted by the timing of Easter, and delivery of strong earnings and free cash flow growth. Looking forward, the company said it plans to update its largest business in the United States — Stop & Shop — with a fresh new format later this year. ahold

"Volumes at Hannaford and Food Lion remained positive but were challenged at the other U.S. brands," said Frans Muller, chief executive officer of Ahold Delhaize. "We expect the implementation of our brand-centric organization to result in an improvement in sales trends in the third quarter.

As part of these investments, the company has announced the launch of Peapod Digital Labs, which is expected to drive innovation, expertise and accelerate growth by creating a shared e-commerce infrastructure for all of the company's brands in the United States. "We look forward to provide more detail on this at our Capital Markets Day on November 13 in New England," said Muller. "In addition, we will be sharing our exciting initiatives to update the Stop & Shop brand, our largest business in the United States, with a fresh new format, which will be launched later this year."

During the second quarter of 2018 Ahold Delhaize's business continued to perform well and it remains on track with the execution of its strategy, building local brands and strengthening its leading positions in major markets, both in stores and online.

"We continue to innovate and improve our offering, focusing on health and convenience," said Muller. "During the quarter, various initiatives were deployed both in the United States and in Europe, offering our customers choices for a more healthy lifestyle. These initiatives included the launch of the My Nutritional Value online tool to help Albert Heijn customers gain more insight into the nutritional value of their groceries. Throughout our network, we continue to make shopping more convenient in our stores, by expanding our range of meal kits and freshly made meals, providing an easy solution for time-constrained customers, and by piloting and rolling out seamless checkout options for customers.