FOOD LION last week said sales increased 12% in the second quarter ended June 14 to $2.32 billion from $2.08 billion in the year-ago period. Net earnings in the quarter advanced 2.4% to $49.7 million from $48.6 million.
res by year's-end and 100 before the year 2000.
WOOLWORTHS LTD., based in Sydney, Australia, will restructure its senior management following the retirement of the managing director of supermarkets, John Brunton. Woolworths said Brunton will leave the company after the November annual meeting. Until that time he will remain an executive director, assisting with the development of the Australian Independent Wholesalers unit and the export division. Roger Corbett, currently managing director of Woolworths' Big W discount retail unit, will become managing director of retail. Dick McMorron, currently deputy managing director of Big W, has been appointed chief general manager of Big W.
AMERICAN STORES CO., Salt Lake City, said its board declared a two-for-one stock split on the company's common stock, payable July 16 to shareholders of record July 1.
BOSTON CHICKEN, operator of the Boston Market chain, last week said it plans to open 150 to 200 locations this year and a similar number in 1998, down from its original strategy of 300 new stores a year. The company also said sales in the current quarter are lower than a year ago, a trend that is expected to continue. Also last week, a shareholder filed suit in U.S. District Court in Denver contending that the company's accounting structure hides operating losses by the franchisees. The complaint, which seeks class action status, was denied by the company.
