Content about Economy of Europe

October 10, 2013

Safeway plans to exit the Chicago market where it operates 72 supermarkets under the Dominick’s banner by early 2014 after posting third quarter profits that were roughly half those of the comparable period the prior year.

Safeway plans to exit the Chicago market where it operates 72 supermarkets under the Dominick’s banner by early 2014 after posting third quarter profits that were roughly half those of the comparable period the prior year.
The decision to exit Chicago follows similar move earlier this year when Safeway announced the sale of its Canadian operations.

January 30, 2012

Carrefour, the second largest retailer in the world after Wal-Mart Stores, has selected French retailing veteran Georges Plassat, 62, as its next CEO and chairman.

PARIS — Carrefour, the second largest retailer in the world after Wal-Mart Stores, has selected French retailing veteran Georges Plassat, 62, as its next CEO and chairman.

January 19, 2012

Ahold experienced several bright spots during its fourth quarter and full year, the Dutch-based supermarket company said.

AMSTERDAM — Ahold experienced several bright spots during its fourth quarter and full year, the Dutch-based supermarket company said.

Fourth-quarter net sales totaled $9.4 billion, a 4.5% increase above the year-ago period, while net sales for the year increased by 2.5% to $39.1 billion.

January 20, 2011

Ahold reported that net sales for its U.S. division increased 6% to $5.6 billion for the fourth quarter.

AMSTERDAM, The Netherlands -- Ahold reported that net sales for its U.S. division increased 6% to $5.6 billion for the fourth quarter. Identical-store sales for the quarter increased 1.9%(0.9% excluding gasoline), and comparable sales were up 2.1%.

For the full year the company reported net sales of $23.5 billion increased b y  5.1% when compared to the adjusted full year 2009 sales. Identical sales were up 1.5% (0.4% excluding gasoline).