Content about Royal Ahold N.V.

August 26, 2011

Royal Ahold NV reported Thursday that net income in the second quarter declined to $287 million from $290 million a year earlier, dragged down by performance of its U.S.-based Stop & Shop grocery stores.

AMSTERDAM — Royal Ahold NV reported Thursday that net income in the second quarter declined to $287 million from $290 million a year earlier, dragged down by performance of its U.S.-based Stop & Shop grocery stores.

The company cited increased competition in the U.S. for its lackluster quarter. Ahold said it will seek to limit price increases and cut costs in the United States, particularly at its Giant-Carlisle chain, which competes with Wal-Mart Stores.

Second-quarter sales declined 3.5% to $9.9 billion.

May 25, 2011

Royal Ahold executive Kimberly Ross is joining beauty company Avon as EVP and CFO, reporting to Andrea Jung, Avon's chairman and CEO.

NEW YORK — Royal Ahold executive Kimberly Ross is joining beauty company Avon as EVP and CFO, reporting to Andrea Jung, Avon's chairman and CEO.

Ross currently is EVP and CFO and a member of the executive board of Royal Ahold N.V., a Netherlands-based international group, with more than 2,970 stores and supermarkets spanning Europe and the United States.