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Tesco-owned convenience store operator One Stop has opened its 700 th store. The milestone was reached with the conversion of a former Costcutter store in Ivel Court, Letchworth, Hertfordshire, which re-opened as a company-owned One Stop outlet on 14 November, one of three stores to be opened by the company on that day.
1 Royal Ahold N.V., the big Dutch grocery retailer, said yesterday that it had agreed to buy the Stop and Shop Companies, the largest supermarket chain in New England, for $1.8 billion in cash. The deal would make Royal Ahold, which posted revenues of $18 billion last year, the fifth-largest supermarket chain in the United States and the biggest food retailer east of the Mississippi River.