BRUSSELS — Sales at Sweetbay Supermarkets have improved markedly since rolling out aggressive price cuts, but the chain is still not profitable, according to its parent company, Delhaize Group, based here.
In a conference call discussing third-quarter results, Pierre-Olivier Beckers, chief executive officer, Delhaize, said Sweetbay's operational and pricing initiatives resulted in “strong sales growth in the quarter in most Sweetbay stores,” but he also noted, “We still have much work to ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Click here to read the FAQ page if you have any questions (opens in a new window)
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.
Already registered? Log In