Amsterdam, the Netherlands, November 21, 2011 - Ahold's senior management is today presenting an update of its strategy to analysts and investors at its European headquarters in Zaandam, the Netherlands.
Highlights
- New customer loyalty initiatives planned to add 1-2 percent to identical sales growth
- Online sales to triple to €1.5 billion in 2016
- Opening of a minimum of 150 new convenience stores in Europe and a minimum of 50 supermarkets in Belgium in the next five years
- Target to achieve 40% penetration of own brand in the United States
- Leveraging of global capabilities based on the Ahold Retail Model
- New €350 million three-year cost savings program announced
- New dividend policy that increases pay-out ratio to 40-50 percent of normalized net earnings and will contribute to significant increase of the 2011 dividend per share
The full release with detailed information can be downloaded by clicking on the link.
Ahold Press Office: +31 20 509 5343
Ahold Investor Relations: +31 20 509 5213
