Delhaize Closing Some Food Lion, Bloom stores

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Delhaize Closing Some Food Lion, Bloom stores

01/18/2010
As part of its recently revealed reorganization of its American banners’ support operations, Delhaize Group plans to close 15 Food Lion locations and one Bloom store.

Closure of the underperforming locations “will favorably impact our operating profit from 2010 onwards,” said Pierre-Olivier Beckers, president and CEO of the Brussels-based retail conglomerate, whose Delhaize America division, also helmed by Beckers, operates the Food Lion family of stores, as well as the Hannaford Supermarkets and Sweetbay Supermarket chains.

Delhaize Group’s restructuring initiative will aim to boost investments, open more locations and slash costs. In 2010, the company intends to roll out between 120 and 130 new stores, and renovate 100 units.