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 supermarket chain Delhaize will expand further into the US,
continuing to rely on American supermarket sector buoyancy as the
European retail slump continues.
Delhaize's dependence on the US food retail market has weighed
heavily on the results of the Belgium-based company. And with
little sign of an immediate upturn in the US economy, conditions
are likely to remain tough for some...
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...
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.
