date:May 08, 2014
te in a note to clients.
The group added that because it had to offer lower prices and promotions to lure customers to its stores, underlying operating profit in Belgium decreased by more than a third.
In the United States, profits fell by 8.2 percent as a result of a low-price strategy and costs related to the harsh winter weather, such as clearing snow from driveways and parking lots in the quarter.
Delhaize said it had not yet experienced much pressure from U.S. supermarket giant Kroger, w