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 ...
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 complimentary access to the SN salary survey data tables.
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.