Ahold Expands Into Slovakia.Business Editors ZAANDAM, The Netherlands--(BUSINESS WIRE)--July 19, 2000 Royal Ahold (NYSE NYSE See: New York Stock Exchange : AHO), the international food provider, today announced its expansion into Slovakia. Ahold plans to bring to Slovakia the same popular food stores it also operates in various other Central European countries, including Poland and the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. . In the Czech Republic, Ahold has become the market leader and is recognized by the consumer for its excellent service, variety, product quality and friendly atmosphere. Its hypermarkets, megamarkets and supermarkets, specifically designed for European consumers, offer a broad range of locally-produced traditional food items and general merchandise. The Ahold store formats are expected to do extremely well with the Slovak consumer and can build on the infrastructure and experience Ahold has gained in neighboring Czech Republic. Over five million people live in Slovakia and statistics show that less than 10% of food is purchased through the supermarket channel. This alone offers considerable growth potential for Ahold and these opportunities will be captured as of this Fall initially in the Slovak capital of Bratislava. Background Royal Ahold is a rapidly growing international food provider with leading supermarket operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe, Latin America and Asia. The company operates more than 7,000 supermarkets, hypermarkets and specialty stores with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales approaching USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 50 billion. The company services more than 30 million customers weekly. In the United States Ahold is the leading supermarket operator along the eastern seaboard with more than 1,000 stores (including Stop & Shop, Giant, Tops, and BI-LO), a nationwide food service operation (U.S. Foodservice) and prominent e-commerce activities. Annualized US sales approach USD 30 billion. In addition to its listing on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE: AHO), Ahold's shares are trading on the Amsterdam Exchanges and on the Swiss Exchange Swiss Exchange The major securities market of Switzerland. . Additional information is available on Ahold's website: http://www.ahold.com. Royal Ahold press releases may contain `forward-looking' statements. Actual results may differ from such statements as they may have been influenced by factors beyond the company's ability to control. |
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