Belgian supermarket Delhaize has announced a 9.1 per cent rise in
first-quarter domestic sales and strong growth in Greece, following
a tough 2005 on the European retail scene.
Belgian international food retailer Delhaize Group is set to
continue its policy of divesting loss-making ventures following
favourable second quarter results published today.
Delhaize, the Belgian retail group, yesterday reported
sales of €18.8 billion for 2003, a 2.4 per cent increase on a
like-for-like basis but 9.1 per cent lower than in 2002 in actual
terms as a result of a sharp decline in the strength...
Belgian retail group Delhaize has raised its growth forecasts for
fiscal 2003 after an excellent third quarter performance hampered
only by adverse currency exchange rates. A rapid turnaround for a
company badly affected by adverse...
Despite its troubles in the US market, where a number of stores
have closed as a result of heavy losses, Belgium's Delhaize group
is continuing to expand there. It has acquired the Georgia-based
Harveys group, which is a good...
Troubles at its US operations, exacerbated by the weakness of the
dollar, took their toll on 2002 results at Belgian retailer
Delhaize. A major refit and cost reduction programme in the US
should lead to an improvement this year,...
The weakness of the US economy has impacted the sales performance
of the Food Lion and Kash n' Karry chains run by Belgium's Delhaize
group, prompting the company to revise its full-year growth
forecasts.
