Stop & Shop, Ahold Delhaize's biggest chain in the United States, has cancelled the acquisition of King Kullen, often named America's oldest supermarket chain. This is largely due to the coronavirus crisis.
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Ahold Delhaize had already released its financial results a fortnight ago, but now the Dutch retail group has also published its full annual report. We shed some light on a few remarkable figures.
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Despite the strike at American subsidiary Stop & Shop, Ahold Delhaize was able to limit the damage to its financial results. Dutch bol.com performed strongly, Belgian Delhaize less so.
Belgian-Dutch retail group Ahold Delhaize has issued a profit warning: due to the long strike at its American subsidiary Stop & Shop, operational profit will be lower in 2019.
Over 30,000 staff at Stop & Shop, an American supermarket chain that belongs to Belgian-Dutch Ahold Delhaize, have been on strike since Thursday as they protest against the low wages and the rising health insurance premiums. The chain is planning to implement substantial cost-cutting measures.
Driverless 'supermarket cars' will start bringing groceries at home for American Ahold Delhaize subsidiary Stop & Shop. The proximity chain will be sending out mini-supermarkets on wheels around Boston.
Ahold Delhaize has employed 500 robots in the United States: in its Giant, Martin’s and Stop & Shop stores, a robot by the name of Marty will be checking the floors to see if there is a fall hazard. Marty will also be scanning the store shelves for erroneous price tags and sold-out products.
Stop & Shop, Ahold Delhaize’s largest brand in the United States, takes over its competitor King Kullen Grocery. That retailer, with 37 stores on Long Island, is seen as the first real American supermarket chain.
Ahold Delhaize is hoping to profit from e-commerce in the near future, but today gaining a larger share of the market is more important, says CEO Frans Muller. In the United States, the Belgo-Dutch group also intends to grow through acquisitions.
Belgo-Dutch retailer Ahold Delhaize has seen sales and profit go up in its third quarter. A large part of the growth in both home markets and the United States was due to a surge in online sales.