BRUSSELS — Against a backdrop of slowing inflation and heightened competition, Delhaize Group eked out increases in sales, margins and profits for the second quarter.
The company noted competition was especially rough in the Southeast, where the “borderline irrationality” of price promotions in the first quarter became “the new reality” in the second quarter, according to Rick Anicetti, chief executive officer of Food Lion, speaking in a conference call last week discussing results.
“It is ...
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