OMt
Performance by segment - continued
Giant-Cariisie Martin's
Highlights of the year
Performance o www.ahold.com/reports2009
Giant-Cariisie is a leading supermarket chain in the mid-Atlantic
United States. It operates grocery stores in four states under
the names of Giant Food Stores and Martin's Food Markets.
In December 2009, Ahold announced that Giant-Cariisie would
acquire 25 Ukrop's Super Markets, expanding its presence
in Virginia. Giant-Cariisie continues to grow its business
through acquisitions, new store openings, and innovative
format development.
Giant Food Stores, LLC
The following table contains operational information including net sales and operating
income for Giant-Cariisie in 2009 and 2008:
(in millions except percentages and employees)
2009
2008
Net sales in
Net sales in
3,560
4,958
3,238
4,738
Change in identical sales (excluding gasoline sales): Giant-Carlisle
Change in comparable sales (excluding gasoline sales): Giant-Cariisie
2.2%
3.0%
4.7%
5.4%
Operating income in
Operating income in
157
218
160
233
Operating income as a percentage of net sales
Underlying operating income as a percentage of net sales
4.4%
4.4%
4.9%
5.1%
Number of employees at year-end (headcount)
Number of employees at year-end (FTE)
27,063
17,260
26,890
17,087
Sales area (in thousands of square meters)
587
561
Net sales
In 2009, net sales increased 4.6 percent to $5.0 billion. Identical sales excluding gasoline
increased 2.2 percent in 2009, compared to 4.7 percent in 2008. Giant-Cariisie continues
to grow in a competitive market by offering quality products and services and running
effective promotional activities. During 2009, the company further improved its price
positioning.
Operating income
In 2009, operating income decreased $15 million or 6.4 percent to $218 million. Price
reduction initiatives resulted in volume growth and an increased number of customers
visiting our stores. Increased employee benefits costs, impacted by reduced turnover
of store personnel, including those related to health and welfare, were partially offset
by cost efficiencies and cost savings initiatives. Results were impacted by $1 million of
restructuring and related charges and by $4 million from a release of insurance provisions.
Store portfolio development
January 3, December 28,
2010 2008
Established: 1923
Joined Ahold: 1981
Market area: Pennsylvania, Virginia,
Maryland and West Virginia in the
United States
Store formats: Supermarkets and
super stores
Private labels include: Giant, Nature's
Promise, Simply Enjoy, CareOne, and
Guaranteed Value
Sales million)
Ahold (total group)
Giant-Carlisle
Retail operating income million)
Ahold (total group)
Giant-Carlisle
Announced the reorganization
of Ahold USA into four
geographic divisions under one
retail executive leadership team
Strong volume growth as
a result of successful price
improvement program
Agreed to purchase 25 Ukrop's
Super Markets; will expand
presence in Virginia
Number of stores
Opened the third Giant Super
Giant-Carlisle
126
123
Store, the largest in the chain
Martin's
26
25
to date
Giant Carlisle/Martin's
152
148
Ahold Annual Report 2009 24
