Dutch operator Ahold has extended its cost-saving initiative from €350 million to €600 million, in a bid to 'fuel further investments in a better offering and value for customers'.
In a presentation to analysts and investors, Ahold chief executive Dick Boer said that the retailer was "very pleased with the progress we are making on our strategy, for Ahold to remain successful and at the forefront of the food retail industry".
He detailed several of Ahold's key future developments, which include an expansion of its online reach, combined with associated expansion in its home delivery service and online range of products. It also plans to redesign the 'Albert Heijn to go' convenience format in the Netherlands.
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