-
Delhaize Posts Weak Q2 for U.S. Stores
Despite flat revenues and comparable-store sales growth of 5.0 percent at its Belgian locations for the second quarter of fiscal 2010, retail conglomerate Delhaize Group experienced losses at its still economically depressed U.S. operations. Company president and CEO Pierre-Olivier Beckers noted last week, however, that the grocer was making “steady progress” with its New Game Plan, which has so far included the restructuring of Delhaize’s American business.