'Big Move for Food Lion'
Andrew Wolf, an analyst following supermarket stocks at BB&T Capital Markets, Richmond, Va., noted that Food Lion only recently appeared to have made progress in pricing in his firm’s biweekly pricing studies. He said a 53-item basket analysis of prices at Wal-Mart, Kroger, Food Lion and Martin’s stores in the Richmond area showed Food Lion in the period ended Sept. 27 lowered prices sequentially by 4.5%, and by 5% compared with the same period a year ago. Food Lion also ...
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