Giant Food parent reports small earnings decline; sales increase | Business News
High inflation rates are pressuring consumers in the United States and western Europe. In its first-quarter report, Ahold Delhaize, the parent of The Giant Company, headquartered near Carlisle, Cumberland County, took special note.
Frans Muller, president and CEO of Ahold Delhaize, said the company is working hard with suppliers to mitigate price increases where possible. Ahold Delhaize’s local brands are helping customers manage their shopping baskets efficiently, Muller noted, by providing value offers spearheaded by omnichannel loyalty programs.
“For example, The GIANT Company doubled points earned on the purchase of all Guiding Stars-rated items,” Muller said. “Meanwhile, Giant Food expanded its ‘More for You’ value campaign with the introduction of a bulk item aisle, offering consumers savings on…