Ahold Delhaize and its local brands invested nearly 680 million euros in COVID-19 care in 2020; continuing COVID-19 care in 2021
February 17, 2021 00:00 ET | Source: Ahold Delhaize Ahold Delhaize
Associates, customers and local communities benefitted from investments, including 45,000 new jobs
Zaandam, the Netherlands, February 17, 2021 – Facing the unprecedented challenges caused by the COVID-19 pandemic in 2020, Ahold Delhaize and all its brands have supported associates, customers, and local communities through several initiatives. The total amount of this COVID-19 care is nearly €680 million, including €21 million of charitable donations. The local brands of Ahold Delhaize created more than 45,000 new jobs to meet the increased customer demand and care for neighbors during the pandemic. In addition, two U.S. brands of Ahold Delhaize, Giant Food and Stop & Shop, also each made commitments to contribute funds, totaling more than €1.4 billi
Ahold Delhaize reports strong digital sales in Q4 drugstorenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from drugstorenews.com Daily Mail and Mail on Sunday newspapers.
Ahold said it expects online sales growth to continue to outpace traditional sales growth this year.
It looks like Ahold Delhaize s laser focus on e-commerce is paying off, as the company reported a 129% jump in fourth quarter online sales in the U.S.
For the fiscal period ended Dec. 31, Ahold said U.S. same-store sales excluding gasoline grew 11.2%, due largely to COVID-19 related sales strength, which has catapulted sales at many other food retailers over the past year. Online sales in the U.S. were up 129% in constant currency. However, underlying operating margin in the U.S. was 3.9%, down 0.4 percentage points from the prior year at constant exchange rates, impacted by significant costs related to COVID-19, the company said.
Ahold Delhaize and its local brands invested nearly 680 million euros in COVID-19 care in 2020; continuing COVID-19 care in 2021 finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Ahold Delhaize
Giant Food Reaches Settlement Agreement on FELRA and MAP Pension Liabilities; No Impact to Previously Issued 2020 Financial Outlook
Giant Food Reaches Settlement Agreement on FELRA and MAP Pension Liabilities; No Impact to Previously Issued 2020 Financial Outlook
Zaandam, the Netherlands, January 1, 2021 – Ahold Delhaize today announces the conclusion of negotiations by its U.S. subsidiary, Giant Food, regarding certain of its multi-employer pension plans.
Giant Food, UFCW Locals 27 and 400 (collectively the “Union Locals”) and the Pension Benefit Guaranty Corporation (“PBGC”) have reached an agreement on Giant Food’s funding obligations with respect to two multi-employer pension plans: the Food Employers Labor Relations Association and United Food and Commercial Workers Pension Fund (“FELRA”) and the Mid-Atlantic UFCW and Participating Employers Pension Fund (“MAP”). As a result of this agreement, the PBGC has approved the combining of MAP i