Group financial review continued
Delhaize America
Ahold USA
Overview
Business review Governance
Financials
Investors
Ahold Delhaize Annual Report 2016
2015
2,980
2,960
3,031
149
At the end of 2016, Ahold Delhaize operated
484 pick-up points, 221 more than in 2015.
These were either stand-alone, in-store or
office-based. The increase in number of pick
up points includes the addition of 220 pick-up
points as a result of the merger with the
Delhaize Group.
The investment properties consist of buildings
and land. Virtually all these properties were
subleased to third parties. The majority were
shopping centers containing one or more Ahold
Delhaize stores and third-party retail units
generating rental income.
Franchisees operated 1,627 stores in the
Netherlands, Belgium and Luxembourg, 1,096
of which were either owned by the franchisees
or leased independently from Ahold Delhaize.
Our leased properties have terms of up to
25 years, in limited instances up to 30 years,
with renewal options for additional periods.
Store rentals are normally payable on a
monthly basis at a stated amount or, in a
limited number of cases, at a guaranteed
minimum amount plus a percentage of sales
over a defined base.
At the end of 2016, Ahold USA operated
229 fuel stations, one less than last year.
The majority of these stations are located in
the Giant Carlisle and the Stop Shop New
England market areas.
In 2016, the Ahold USA divisions remodeled,
expanded, relocated or reconstructed 16 stores
as part of the continuous focus on keeping
stores fresh and up-to-date. Total investments
at Ahold USA amounted to around 2.2%
of sales and ranged from new stores to
investment in IT, distribution centers and minor
construction work in the stores.
At the merger date, 1,284 stores from Delhaize
America were brought into the company
portfolio. In the subsequent months, 73 stores
were divested, of which 71 in compliance
with the regulatory authorities. Including the
pre-merger period, the net number of stores
divested or closed at Delhaize America in 2016
amounted to 74 stores.
Total investments at Delhaize America, post
merger, amounted to around 3.2% of sales.
Delhaize America operated 34 pick-up points
at the end of 2016.
Ahold USA ended the year with 12 fewer
stores, net of two openings and 14 closings.
Peapod closed one pick-up point, bringing the
total to 210 in 2016.
of total
Company-owned
Leased, of which
Finance leases
Operating leases
200
168
191
776
2016
217
2o5
169
196
788
2015
218
41
1,012
1,202
2016
1,033
181
1,214
The following table breaks down the ownership
structure of our 5,480 retail locations (inclusive
of stores subleased to franchisees) and 1,202
other properties as of January 1, 2017:
Retail
locations
23%
77%
13%
64%
Number of stores
Food Lion
Hannaford
Total Delhaize America
Sales area of own-operated
stores (in thousands of
square meters)
Other
properties
52%
48%
8%
4o%
Number of stores
Stop Shop New England
Stop Shop New York
Metro
Giant Landover
Giant Carlisle
Total Ahold USA
Sales area of own-operated
stores (in thousands of
square meters)
Ahold Delhaize also operated the following
other properties as of January 1, 2017:
Warehouse distribution centers
production facilities offices
Properties under construction
development
Investment properties
Total
