Supermarket operator fights slowing sales and perceptions of questionable accounting

09/12/2002 | Wall Street Journal, The

As one of the world's largest supermarket operators, Ahold NV reported sales of $75 billion in 2002, up from $16.1 billion in 1996, driven primarily through acquisitions. But global stock prices, public questions about the company's accounting practices and a second-quarter loss from having to devalue its Argentine supermarkets have caused the company's stock price to drop by more than 50% from its peak in 2001.

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