Wednesday, November 21, 2007
Amsterdam, the Netherlands – Ahold today published its interim financial report for the third quarter and first three quarters of 2007.
John Rishton, President and CEO, said: “We continue to make good progress with our strategy. In the United States, our Value Improvement Program at Stop & Shop and Giant-Landover remains on track, with almost half the program completed. The progress made so far has enabled us to accelerate the program and we now expect to complete 70% by year-end, up from the previous target of 50%. In October, we announced a major three-year remodeling program of more than half of our Giant-Landover stores and the agreement to sell the remainder of our Tops operation.