- Reuters
Ahold Delhaize to close underperforming US Stop & Shop stores
Ahold Delhaize declined to disclose the number of shops affected, saying it would do so later in the year. "Stop & Shop has already evaluated its overall portfolio and will make difficult decisions to close underperforming stores to create a healthy store base for the long term," the group's U.S. CEO JJ Fleeman said during a call with analysts. Stop & Shop, a chain located in the U.S. northeast, is one of the group's five brands in the country and operates nearly 400 stores.
- Reuters
Ahold Delhaize bets on AI and digital to boost earnings and savings
(Reuters) -Supermarket group Ahold Delhaize expects to grow underlying earnings and boost savings over the 2025-2028 period, it said on Thursday, helped by higher automation of its back-end operations and driving more customers to its digital apps. The group, which operates the Stop & Shop, Giant, Food Lion and Hannaford chains in the U.S. and the Albert Heijn and Delhaize chains in the Netherlands and Belgium, is targeting compound annual growth in underlying earnings per share at a high single-digit rate from 2024. Supermarket firms are struggling to maintain margins as food price inflation eases.
- Insider Monkey
25 Biggest Food Companies in the World by Revenue
In this piece, we will take a look at the 25 biggest food companies in the world by revenue. If you want to skip our coverage of the global food industry and recent events, then you can check out 5 Biggest Food Companies in the World by Revenue. Just like the oil industry, the food […]
