Ahold U.S. forges ahead

AMSTERDAM, The Netherlands Ahold Thursday noted its efforts in the United States, pointing out that it had rolled out 70% of its VIP program at Stop & Shop and Giant-Landover. The company also noted that in 2008 it will focus on the completion of the VIP program and the remodeling of its Giant-Landover stores.

Ahold reported that fourth quarter net sales for its Stop & Shop/Giant-Landover segment were $3.9 billion, up 2% from the same period last year. Identical-store sales (excluding fuel) were up 1.2% and down 0.5% at Giant-Landover. For the full year, net sales were $16.7 billion, up 1.5% compared to last year. Identical sales (excluding fuel) were up 0.6% at Stop & Shop and down 1.1% at Giant-Landover. Operating income was $663 million - or 4% of net sales - down $176 million compared to last year.

For its Giant-Carlisle segment, Ahold reported fourth quarter net sales of 1 billion, up 8.6% compared to last year, due in part to the acquisition of Clemens Markets in the fourth quarter of 2006. Identical sales were up 3.8% (excluding fuel). For the full year, net sales were $4.3 billion, up 13% compared to last year, due in part to the acquisition of Clemens Markets in the fourth quarter of 2006. Identical sales were up 3.2% (excluding fuel).