Hannaford profits soar: "Due to COVID-19, demand increased significantly"
Posted Mon, 06/22/2020 - 2:44pm
The COVID-19 pandemic is causing a mass economic upheaval. But while millions across the country have lost their jobs, and small businesses are facing bankruptcy, Hannaford is seeing its profits soar. In a recent financial statement, Hannaford’s parent company – the multinational supermarket conglomerate Ahold-Delhaize – wrote: “Due to COVID-19, demand … increased significantly,” adding that their stores in the U.S. “experienced approximately 34% comparable sales growth.” Over the last three months, their stock price has risen by over 25%.
And while Hannaford is making money hand over fist, its parent company just released its “Inaugural Human Rights Report.” The report makes bold claims about the company’s commitments to human rights, including in its supply chains, writing “If we find ... serious violations of occupational health and safety regulations, we will suspend our relationship with that supplier.”
Ahold-Delhaize’s human rights commitments should spur action. Click "Read More" to see the full story and learn how to take action!