AHOLD TO INVEST HEAVILY IN U.S. STORE REMODELS

ZAANDAM, Netherlands -- Ahold here said it would triple the number of remodels at its Stop & Shop and Giant-Landover chains this year as it seeks to regain sales momentum at the recently combined banners.In a conference call last week discussing its results for the fiscal year ended Jan. 2, Ahold said it would boost capital expenditures to 4% of sales this year, or an estimated $2.3 billion, after

ZAANDAM, Netherlands -- Ahold here said it would triple the number of remodels at its Stop & Shop and Giant-Landover chains this year as it seeks to regain sales momentum at the recently combined banners.

In a conference call last week discussing its results for the fiscal year ended Jan. 2, Ahold said it would boost capital expenditures to 4% of sales this year, or an estimated $2.3 billion, after cutting back to 3.5% of sales in 2004 to reduce costs in the wake of its 2003 accou

Register to view the full article

Already a member? .