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Tops reports Q3 results
WILLIAMSVILLE, N.Y. — Regional supermarket chain Tops Markets reported a 3.6% increase in net sales for the period ended Oct. 8.
Third-quarter net sales rose $18.7 million to $538.6 million, the retailer said. Supermarket sales (excluding gasoline sales) totaled $491 million, up $7.5 million, or 1.5%, compared with the year-ago period.
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Ahold outlines strategy to grow e-commerce, add c-stores and Belgium presence
Amsterdam -- A Monday report by Bloomberg said that Royal Ahold NV will grow its online business, expand its store count in Belgium and add 150 convenience operations in an effort to ramp up sales.
The Dutch owner of Stop & Shop is also on a cost-cutting mission, saying it will reduce expense by $473 million over three years via supply chain improvements and a reduction in logistics and overhead expense.