BRUSSELS Aug 21 Dutch supermarket group Ahold
is facing a tough market in the Netherlands and it is
too early to see a bottoming out of the market, its chief
executive said on Thursday.
In the Netherlands, where Ahold's Albert Heijn chain is the
market leader, like-for-like sales fell 1.7 percent in the three
months ending June 30, an acceleration of the 1.4 percent fall
seen in the first quarter.
"I think it's too early to say (that the market is
stabilising), especially because inflation is low and the
economic environment is still challenging," CEO Dick Boer told a
conference call following the group's results.
(Reporting by Robert-Jan Bartunek, editing by Martin Santa)