Ahold Delhaize USA Streamlines Communications and Improves Productivity with Reflexis Task Manager
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												  Global Vs. Local-The Hungarian Retail WarsJournal of Business and Retail Management Research (JBRMR) October 2015 Global Vs. Local-The Hungarian Retail Wars Charles S. Mayer Reza M. Bakhshandeh Central European University, Budapest, Hungary Key Words MNE’s, SME’s, Hungary, FMCG Retailing, Cooperatives, Rivalry Abstract In this paper we explore the impact of the ivasion of large global retailers into the Hungarian FMCG space. As well as giving the historical evolution of the market, we also show a recipe on how the local SME’s can cope with the foreign competition. “If you can’t beat them, at least emulate them well.” 1. Introduction Our research started with a casual observation. There seemed to be too many FMCG (Fast Moving Consumer Goods) stores in Hungary, compared to the population size, and the purchasing power. What was the reason for this proliferation, and what outcomes could be expected from it? Would the winners necessarily be the MNE’s, and the losers the local SME’S? These were the questions that focused our research for this paper. With the opening of the CEE to the West, large multinational retailers moved quickly into the region. This was particularly true for the extended food retailing sector (FMCG’s). Hungary, being very central, and having had good economic relations with the West in the past, was one of the more attractive markets to enter. We will follow the entry of one such multinational, Delhaize (Match), in detail. At the same time, we will note how two independent local chains, CBA and COOP were able to respond to the threat of the invasion of the multinationals.
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												  Lidl Expanding to New York with Best Market PurchaseINSIDE TAKING THIS ISSUE STOCK by Jeff Metzger At Capital Markets Day, Ahold Delhaize Reveals Post-Merger Growth Platform Krasdale Celebrates “The merger and integration of Ahold and Delhaize Group have created a 110th At NYC’s Museum strong and efficient platform for growth, while maintaining strong business per- Of Natural History formance and building a culture of success. In an industry that’s undergoing 12 rapid change, fueled by shifting customer behavior and preferences, we will focus on growth by investing in our stores, omnichannel offering and techno- logical capabilities which will enrich the customer experience and increase efficiencies. Ultimately, this will drive growth by making everyday shopping easier, fresher and healthier for our customers.” Those were the words of Ahold Delhaize president and CEO Frans Muller to the investment and business community delivered at the company’s “Leading Wawa’s Mike Sherlock WWW.BEST-MET.COM Together” themed Capital Markets Day held at the Citi Executive Conference Among Those Inducted 20 In SJU ‘Hall Of Honor’ Vol. 74 No. 11 BROKERS ISSUE November 2018 See TAKING STOCK on page 6 Discounter To Convert 27 Stores Next Year Lidl Expanding To New York With Best Market Purchase Lidl, which has struggled since anteed employment opportunities high quality and huge savings for it entered the U.S. 17 months ago, with Lidl following the transition. more shoppers.” is expanding its footprint after an- Team members will be welcomed Fieber, a 10-year Lidl veteran, nouncing it has signed an agree- into positions with Lidl that offer became U.S. CEO in May, replac- ment to acquire 27 Best Market wages and benefits that are equal ing Brendan Proctor who led the AHOLD DELHAIZE HELD ITS CAPITAL MARKETS DAY AT THE CITIBANK Con- stores in New York (26 stores – to or better than what they cur- company’s U.S.
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												  Second Harvest Food Bank Receives Donation from Food Lion Feeds Charitable FoundationNews Release Contact: Chris Davis (910) 485-6131 [email protected] January 27, 2020 Second Harvest Food Bank Receives Donation from Food Lion Feeds Charitable Foundation FAYETTEVILLE, NORTH CAROLINA – Second Harvest Food Bank of Southeast North Carolina has received $10,000 from the Food Lion Feeds Charitable Foundation just in time to help feed area residents. Second Harvest Food Bank of Southeast North Carolina will use the gift to provide additional meals for neighbors in need who face daily hunger. "We would like to thank Food Lion Feeds Charitable Foundation for its commitment to serve and support food banks. Ending hunger is a cause that we both share," said Interim Director Cortez Phillip. The gift will fund programs assisting children, individuals and families who will benefit by receiving wholesome, nutritious food. Second Harvest Food Bank of Southeast North Carolina, a program of Action Pathways, Inc., works tirelessly to fight hunger one day at a time. Its mission is to feed, advocate, educate, and develop partnerships to meet the nutritional needs of the community by way of solicitation and distribution of healthy foods. Currently, Second Harvest Food Bank secures, stores, and distributes more than 13 million pounds of food annually. About The Food Lion Feeds Charitable Foundation The Food Lion Feeds Charitable Foundation is the philanthropic arm of Food Lion, based in Salisbury, N.C. Established in 2001, the Food Lion Feeds Charitable Foundation provides financial support for programs and organizations dedicated to eliminating hunger. The charitable foundation has provided more than $12 million in grant funding helping to nourish communities with fresh food for backpack programs, Kids Café's, and other hunger-relief programs as well as funding for long-term programs to help shorten the lines at food banks.
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												  Stop & Shop Reaches Tentative WithdrawalStop & Shop Reaches Tentative Withdrawal Agreement with Local Unions on UFCW International Union - Industry Pension Fund Zaandam, the Netherlands, July 21, 2020 – Ahold Delhaize announces today that its U.S. brand Stop & Shop, reached a tentative agreement to terminate its participation in the United Food & Commercial Workers International Union (UFCW) – Industry Pension Fund (the “National Plan”), through a transaction that the National Plan’s trustees determined to be in the best interests of the National Plan’s participants and beneficiaries. While the plan is not in critical status, the tentative agreement does importantly improve the security of pension benefits for associates as well as reduces financial risk for the company. If ratified by the UFCW Locals, the transaction will be treated as an extraordinary item and will therefore not impact the underlying operating results outlook for 2020. This statement should not be interpreted as an update to any component of the previously issued 2020 outlook. As is customary, the 2020 outlook will be updated on August 5th, when the company reports Q2 2020 results. Pending ratification of this agreement, Stop & Shop expects to pay the National Plan withdrawal liability of $649 million (€567 million), on a pre-tax basis, to fulfill Stop & Shop’s obligations for past service for associates and retirees in the National Plan. Stop & Shop will also make an $18 million (€16 million) contribution to a transition reserve for a new variable annuity pension plan, described in further detail below. On an after-tax basis, the withdrawal liability and contribution to the transition reserve total approximately $500 million (€437 million).
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												  Innovation Transforms the Checkout Experience at Ahold Delhaize USA Brand StoresInnovation Transforms the Checkout Experience at Ahold Delhaize USA Brand Stores Retail Business Services, an Ahold Delhaize USA company, is a leader in “Through extensive partner the supermarket industry and well known for its eye toward innovation, collaboration, we deployed an passion for great food and dedication to delivering value to its customers. innovative technology solution that Retail Business Services had a goal from its local brand partners - to increase throughput, front-end lane utilization and improve the customer’s supports our strategy, Leading experience. Based on long-term relationships and proven capabilities, Retail Together, while delivering our Business Services turned to Toshiba Global Commerce Solutions and Getronics, plus other key partners to achieve their goals and vision for its promise of a better place to shop.” stores. The result: a unique convertible lane that transforms checkout. —Paul Scorza, EVP, All lanes open, all the time. Information Technology and CIO Retail Business Services came to its partners with a clear vision: all lanes for Retail Business Services. open, all the time. With convertible dual-use checkout lanes, Retail Business Services was able to provide a technology solution to its brand partners to make the most of the square footage in stores by replacing attended lanes that were only used some of the time, with lanes that could be used 100% of the time for either self-service or cashier-led experiences. Through this solution, the stores can CASE STUDY 2 reduce lines during checkout
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												  Deloitte StudieGlobal Powers of Retailing 2018 Transformative change, reinvigorated commerce Contents Top 250 quick statistics 4 Retail trends: Transformative change, reinvigorated commerce 5 Retailing through the lens of young consumers 8 A retrospective: Then and now 10 Global economic outlook 12 Top 10 highlights 16 Global Powers of Retailing Top 250 18 Geographic analysis 26 Product sector analysis 30 New entrants 33 Fastest 50 34 Study methodology and data sources 39 Endnotes 43 Contacts 47 Global Powers of Retailing identifies the 250 largest retailers around the world based on publicly available data for FY2016 (fiscal years ended through June 2017), and analyzes their performance across geographies and product sectors. It also provides a global economic outlook and looks at the 50 fastest-growing retailers and new entrants to the Top 250. This year’s report will focus on the theme of “Transformative change, reinvigorated commerce”, which looks at the latest retail trends and the future of retailing through the lens of young consumers. To mark this 21st edition, there will be a retrospective which looks at how the Top 250 has changed over the last 15 years. 3 Top 250 quick statistics, FY2016 5 year retail Composite revenue growth US$4.4 net profit margin (Compound annual growth rate CAGR trillion 3.2% from FY2011-2016) Aggregate retail revenue 4.8% of Top 250 Minimum retail Top 250 US$17.6 revenue required to be retailers with foreign billion among Top 250 operations Average size US$3.6 66.8% of Top 250 (retail revenue) billion Composite year-over-year retail 3.3% 22.5% 10 revenue growth Composite Share of Top 250 Average number return on assets aggregate retail revenue of countries with 4.1% from foreign retail operations operations per company Source: Deloitte Touche Tohmatsu Limited.
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												  Euro Stoxx® International Exposure IndexEURO STOXX® INTERNATIONAL EXPOSURE INDEX Components1 Company Supersector Country Weight (%) ASML HLDG Technology Netherlands 6.02 LVMH MOET HENNESSY Consumer Products & Services France 4.99 LINDE Chemicals Germany 3.79 SAP Technology Germany 3.62 SANOFI Health Care France 3.20 IBERDROLA Utilities Spain 3.04 SIEMENS Industrial Goods & Services Germany 2.63 AIR LIQUIDE Chemicals France 2.17 SCHNEIDER ELECTRIC Industrial Goods & Services France 2.10 L'OREAL Consumer Products & Services France 2.05 ANHEUSER-BUSCH INBEV Food, Beverage & Tobacco Belgium 1.99 BASF Chemicals Germany 1.89 ADIDAS Consumer Products & Services Germany 1.76 AIRBUS Industrial Goods & Services France 1.68 DAIMLER Automobiles & Parts Germany 1.65 BAYER Health Care Germany 1.61 PHILIPS Health Care Netherlands 1.51 ADYEN Industrial Goods & Services Netherlands 1.49 ESSILORLUXOTTICA Health Care France 1.40 DEUTSCHE TELEKOM Telecommunications Germany 1.36 INFINEON TECHNOLOGIES Technology Germany 1.35 Kering Retail France 1.35 BCO SANTANDER Banks Spain 1.29 SAFRAN Industrial Goods & Services France 1.26 HERMES INTERNATIONAL Consumer Products & Services France 1.10 PERNOD RICARD Food, Beverage & Tobacco France 1.09 CRH Construction & Materials Ireland 1.09 DEUTSCHE POST Industrial Goods & Services Germany 1.05 BCO BILBAO VIZCAYA ARGENTARIA Banks Spain 1.03 FLUTTER ENTERTAINMENT Travel & Leisure Ireland 1.02 DANONE Food, Beverage & Tobacco France 1.00 MUENCHENER RUECK Insurance Germany 0.99 VOLKSWAGEN PREF Automobiles & Parts Germany 0.82 BMW Automobiles & Parts Germany 0.80
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												  Remuneration Policies for the Management Board and Supervisory Board Were Consistency Prepared in Accordance with the Dutch Corporate Governance CodeStrategic report Governance Performance Appendix Governance Governance 106 Our Management Board and Executive Committee 108 Our Supervisory Board 110 Corporate governance 115 Letter from the Chair of the Supervisory Board 116 Supervisory Board report 122 How we manage risk 125 Declarations Remuneration 126 Letter from the Remuneration Committee Chair 127 Remuneration policy 132 2020 Remuneration at a glance 133 2020 Remuneration Ahold Delhaize Annual Report 2020 105 Strategic report Governance Performance Appendix Governance Our Management Board and Executive Committee Frans Muller Natalie Knight Kevin Holt Wouter Kolk President and Chief Executive Officer; Chief Financial Officer; Member Chief Executive Officer Ahold Delhaize Chief Executive Officer Europe and Chair and member of the Management Management Board and Executive USA; Member Management Board and Indonesia; Member Management Board and Executive Committee; Committee Executive Committee Board and Executive Committee interim Chief Human Resources Officer Natalie Knight was appointed Chief Financial Officer and a Kevin Holt has served as Chief Executive Officer of Ahold Wouter Kolk started as Chief Executive Officer Europe and member of the Management Board on April 8, 2020. She Delhaize USA and a member of the Ahold Delhaize Indonesia on October 1, 2018. He had been Chief Frans Muller started as President and Chief Executive started at Ahold Delhaize as Executive Vice President Management Board since January 1, 2018. Prior to that, Operating Officer the Netherlands and Belgium and Officer of Ahold Delhaize on July 1, 2018. Before that, he Finance and Member of the Executive Committee on Kevin was Chief Operating Officer of Ahold USA since member of the Executive Committee of Ahold Delhaize served as Deputy Chief Executive Officer and Chief March 1, 2020.
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												  Houchens Industries Jimmie Gipson 493 2.6E Bowling Green, KySN TOP 75 SN TOP 75 2010 North American Food Retailers A=actual sales; E=estimated sales CORPORATE/ SALES IN $ BILLIONS; RANK COMPANY TOP EXECUTIVE(S) FRancHise STORes DATE FISCAL YEAR ENDS 1 Wal-Mart Stores MIKE DUKE 4,624 262.0E Bentonville, Ark. president, CEO 1/31/10 Volume total represents combined sales of Wal-Mart Supercenters, Wal-Mart discount stores, Sam’s Clubs, Neighborhood Markets and Marketside stores in the U.S. and Canada, which account for approximately 64% of total corporate sales (estimated at $409.4 billion in 2009). Wal-Mart operates 2,746 supercenters in the U.S. and 75 in Canada; 152 Neighborhood Markets and four Marketside stores in the U.S.; 803 discount stores in the U.S. and 239 in Canada; and 605 Sam’s Clubs in the U.S. (The six Sam’s Clubs in Canada closed last year, and 10 more Sam’s are scheduled to close in 2010.) 2 Kroger Co. DAVID B. DILLON 3,634 76.0E Cincinnati chairman, CEO 1/30/10 Kroger’s store base includes 2,469 supermarkets and multi-department stores; 773 convenience stores; and 392 fine jewelry stores. Sales from convenience stores account for approximately 5% of total volume, and sales from fine jewelry stores account for less than 1% of total volume. The company’s 850 supermarket fuel centers are no longer included in the store count. 3 Costco Wholesale Corp. JIM SINEGAL 527 71.4A Issaquah, Wash. president, CEO 8/30/09 Revenues at Costco include sales of $69.9 billion and membership fees of $1.5 billion.
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												  Supermarkets & Grocery Stores in the USUS INDUSTRY (NAICS) REPORT 44511 Supermarkets & Grocery Stores in the US In the bag: Rising discretionary income is expected to support revenue growth Cecilia Fernandez | November 2020 IBISWorld.com +1-800-330-3772 [email protected] Supermarkets & Grocery Stores in the US 44511 November 2020 Contents About This Industry...........................................5 Competitive Landscape...................................26 Industry Definition..........................................................5 Market Share Concentration....................................... 26 Major Players................................................................. 5 Key Success Factors................................................... 26 Main Activities................................................................5 Cost Structure Benchmarks........................................27 Supply Chain...................................................................6 Basis of Competition...................................................31 Similar Industries........................................................... 6 Barriers to Entry........................................................... 32 Related International Industries....................................6 Industry Globalization..................................................33 Industry at a Glance.......................................... 7 Major Companies............................................34 Executive Summary....................................................... 9 Major Players..............................................................
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												  August 2017 Turbulence in the Grocery Aisles William DrakeAugust 2017 Turbulence in the Grocery Aisles William Drake Dyson School of Applied Economics and Management, Cornell University In an unexpected, blockbuster announcement on June 16, Amazon Inc., the nation’s largest online retailer declared its intention to acquire Whole Foods Market Inc. in a friendly deal valued at $13.7 billion. Rapidly growing Amazon, which in 2016 accounted for 43% of all online sales in the U.S.,1 has made significant inroads in the retailing of books, music, electronics, clothing, baby goods and shoes but has to date been less successful in penetrating the $800 billion U.S. grocery segment. Whole Foods, the 9th largest supermarket retailer in the U.S. with 460+ stores and annual sales of $16.5 billion,2 will be Amazon’s largest acquisition to date and will give the company scale and a national “brick and mortar” footprint in the intensely competitive grocery segment. While business media, Wall Street analysts and industry watchers are offering perspectives and speculation on the typically secretive Amazon’s motives and future plans, one need look no further than food retailer market caps in the days following the announcement to gauge the potential impact on both food manufacturers and retailers.3 1 Digital Commerce 360, 2/17. 2 Company annual report, Progressive Grocer magazine, 5/17. 3 Fortune.com, 6/23/17. Change in Stock Price between June 15 and 16 Closes 4 2.4 2 0 -2 -1.7 -2.4 -4 -2.9 Percent -6 -4.7 -5.1 -8 -10 -9.2 -12 Amazon Kelloggs Kraft Heinz General Mills Walmart Target Kroger Fortune.com, June 23, 2017 The post-acquisition path forward for Amazon is replete with strategic possibilities.
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												  UTC – Czech RepublicUTC– Czech Republic Area: 78867 sq km, 14 administrative districts Population: 10,6 mio Capital city: Prague, population 1 243 000 Currency: Czech crown ‐ CZK Rate: 1EUR = 27,5 CZK 1USD = 20,0 CZK ‐3 key cities – Prague, Brno, Ostrava > 300 000 citizens ‐ > 100 000 citizens – Plzen, Olomouc ‐12 bank holidays ‐“cucumber season“ CONSUMPTION EXPENDITURE STRUCTURE OF HOUSEHOLDS OTHER RECREATION AND CULTURE COMMUNICATION TRANSPORT HOUSEHOLDS OF PENSIONERS WTHT EA FURNISHING, HOUSEHOLD MEMBERS EQUIPMENT AND ROUTINE AND HOUSEHOLDS WITH CHILDRENS OTHER HOUSEHOLD MAINTENANCE HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS CLOTHING AND FOOTWEAR FOOD AND NON‐ALCOHOLIC BEVERAGES 0% 10% 20% 30% 40% ‐ Schwarz, Rewe, Tesco, Ahold ‐ 680 supermarkets ‐ Ahold 280 Albert, Rewe‐Billa 200 and Tesco Stores 149 ‐ 640 discounter stores – 4 disount chains Penny Market ‐ 341, Lidl – 230 shops arround all country, Norma‐45 W and Prague, Coop‐2853 in 7 regions ‐ 300 Hyper stores ‐ 5 hyper chains ‐ Tesco Hypermarkets‐61, Kaufland‐94, Albert Hypermarkets ‐ 55 and Interspar‐36 , in all regions, Globus with 16 stores‐the first hyper in 1996 19% 42% 39% Supermarkets Discounters Hyper 1939 Bílá Labuť 1975 Máj , 1992 K‐Mart, 2009 MY 2007 Palladium Inter Ikea Center Group IICG –Sweden 1998 Prague 200 000 m2 Brno, Ostrava, Prague MHD FUTURUM‐– CBRE – LA 2000 in Hradec Kralove 368000 m2 Brno, Kolín, Ostrava, MHD Olympia‐Olympia Brno, CZ 1999 Brno 238000 m2 MB, Olomouc,Plzen Teplice MHD, cinema OC CHODOV ‐ Rodamco Europe‐Neederland 2005 Prague 55 000m2 200 shops 20 coffee Food and non food DIY Furniture Drugstores Electro 1996 on‐line payments vs cash on delivery personal collection at distribution points stone shops run internet shop price difference On‐line auctions MAGNET and others TENDENCE –Holešovice Prague fair exhibition 11.‐.14.9.2014 Zboží@prodej –household magazin D‐TEST ‐ independent tests, free legal services in trials for subscribers % 27% 20‐40% 2+1 FREE Loyalty programs Bonuses HEUREKA since 1991 Distribution centre: Logistic park D1 ‐ East Logistics Department UTC, s.r.o.