date:May 30, 2013
naford chains.
Like other retailers in the United States, Delhaize has been hit by a squeeze of consumer incomes and fierce competition, with price promotions trimming margins.
Delhaize has been busy with a major refurbishment of its Food Lion stores and cut is dividend this year to help fund investments.
Higher spending at the revamped stores helped stem four quarters of declining sales in the United States at the end of last year.