Ahold sales rise 4.3% on price cuts

Ahold, owner of the Albert Heijn supermarket chain in the Netherlands and Stop&Shop in the US, said on Tuesday third-quarter sales were up 4.3% at just over €6bn.

Sales were up 5.5% at Stop&Shop (in euros) and 5.4% at Albert Heijn compared with the same quarter in 2008, Ahold said in a trading update.
The drop in prices stemming from price cuts in the US and a price war in the Netherlands were offset by an increase in volumes.
But turnover in the company’s two chains in the Czech Republic were down 8%.

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