AHOLD SEEKS GAINS THROUGH COST-CUTTING

ZAANDAM, Netherlands -- Ahold here said last week it does not intend to slash prices, but instead will seek to re-engineer its operations to lower costs and improve operating margins in its U.S. retail operations."We will take it step-by-step to prepare ourselves to be a more competitive player while still delivering something to our shareholders," Anders Moberg, president and chief executive officer,

ZAANDAM, Netherlands -- Ahold here said last week it does not intend to slash prices, but instead will seek to re-engineer its operations to lower costs and improve operating margins in its U.S. retail operations.

"We will take it step-by-step to prepare ourselves to be a more competitive player while still delivering something to our shareholders," Anders Moberg, president and chief executive officer, explained.

Speaking with industry analysts to discuss financial results for

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