Ahold USA Inc.
14101 Newbrook Dr.
Chantilly, Va. 20151
www.aholdusa.com Year founded: 1988 Industry: Retail Revenue: $27.88 Billion Net Income/Loss: n/a Earnings per share: n/a Dividend: n/a Stockholder equity: n/a Auditor: Deloite & Touche Stock: AHO Assets: n/a Market capitalization: n/a 52-week high: n/a 52-week low: n/a President and CEO: William Grize CFO: Brian Hotarek Employees: 119524 Local employees: 13335 Description: Ahold USA, the U.S. unit of the Dutch multinational retailer Royal Ahold NV, operates Landover-based supermarket chain Giant Food, Giant Food Stores in Pennsylvania, Stop & Shop, Tops Markets and Internet grocer Peapod. In 2000, Ahold acquired Columbia-based U.S. Foodservice, which distributes food to restaurants, schools, hotels and other institutions. Developments: It was a year of change for Ahold locally. Early this year the company said it would hand over control of Giant's operations to a team of Stop & Shop Supermarket executives in Quincy, Mass. Ahold bought Giant, a Washington-area institution, in 1998. The 100-employee regional support center and headquarters for Ahold USA are in Chantilly, but in January Ahold announced it, too, would move to Quincy in July. Still smarting from a $1.1 billion accounting scandal at U.S. Foodservice, the company took a $3.1 billion write-down in October related to the accounting scandal. Ahold, like other supermarket chains, is under huge pressure to cut costs to compete with Wal-Mart, the nation's largest retailer, and each other. Ahold announced in January it would sell the last of its U.S. convenience stores, 204 stores in New York operating under the names Wilson Farms Neighborhood Food Stores, Sugarcreek Stores and Tops Xpress. In February the company announced it would sell its BI-LO and Bruno's subsidiaries to cut costs, reduce debt and focus on its remaining U.S. retail operations. Locally, the company worked with Safeway to jointly negotiate a four-year union contract last month, with both sides compromising to avert a strike in a deal watched closely by the labor movement, already worried about having to give concessions to supermarket chains in California in February after a strike.
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