SALISBURY, N.C. -- Food Lion here said it will focus its energies on the Southeast and Mid-Atlantic states, with a strategy that incorporates both new store constructions and acquisitions. The chain will spend $360 million this year to open 75 new stores -- its most since 1993 -- and remodel and/or expand 133 existing units, said President and Chief Executive Officer Tom Smith at the Food Lion annual shareholders meeting. "Going into a new market with a bunch of new stores is a dangerous ...
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