Price Chopper/Market 32 and Tops Markets have entered into a definitive merger agreement that nearly doubles their collective footprint in the Northeast and creates a major regional supermarket operator stretching from Vermont to Pennsylvania.
Ahold Delhaize said that Food Lion, its leading supermarket chain in the southeastern United States, has made a major step forward to expand its store network through previously announced plans to purchase 62 BI-LO/Harveys Supermarket stores from Southeastern Grocers.
Ahold Delhaize said that Food Lion, its second largest brand in the U.S., has agreed to purchase 62 Bi-Lo and Harveys Supermarkets from Southeastern Grocers.
Ahold Delhaize said that Jeff Carr, chief financial officer since 2011, has informed the company that he will not stand for another term as member of the management board after his current term expires per the annual general meeting of shareholders in April 2020.
Giant Food Stores is developing a new, two-level urban flagship store in downtown Philadelphia, furthering the company’s investments and commitment to the market.
Stop & Shop, an Ahold Delhaize company, has established a tentative agreement of terms with five local unions (UFCW Locals 1445, 1459, 919, 371, and 328) which allowed Stop & Shop’s 31,000 associates in New England to return to work on Monday, April 22.
Ahold Delhaize has appointed Farhan Siddiqi as chief digital officer and member of the executive committee, effective January 28.
Ahold Delhaize has appointed Selma Postma to the role of brand president of Peapod, effective January 1, 2019.
Giant Food Stores, a division of Ahold Delhaize, said it is investing $22 million in Pennsylvania’s Lancaster County, which includes launching a new e‐commerce hub at its former North Reservoir Street location, remodel completions at four stores, lower prices across its stores, and the opening of a new fuel station.
At the Ahold Delhaize annual general meeting of shareholders, company CEO Dick Boer said that personalization, product pick up and delivery are going to be key factors driving operations forward.
Mats Jansson will retire as Ahold Delhaize supervisory board chairman after the company’s general meeting on April 11, with Jan Hommen, current vice chairman, named to take over his role.
For the fourth quarter, and after the July merger of Ahold and the Delhaize Group, Ahold Delhaize posted net income from continuing operations of $152 million, or 12 cents per diluted share, versus $269 million, or 33 cents per diluted share, in the year-earlier quarter, according to a filing with the United States Securities and Exchange Commission.