DELHAIZE AMERICA SALES UP, PROFIT OFF IN QUARTER

SALISBURY, N.C. -- Delhaize America here said last week sales and comparable-store sales rose in the second quarter ended June 17 although earnings declined, a situation the company attributed to price markdowns it instituted to build sales in a highly competitive environment.. In this year's first quarter, sales increased only 3% and comp-store sales declined 1.8%.Despite improved sales, earnings

SALISBURY, N.C. -- Delhaize America here said last week sales and comparable-store sales rose in the second quarter ended June 17 although earnings declined, a situation the company attributed to price markdowns it instituted to build sales in a highly competitive environment.

. In this year's first quarter, sales increased only 3% and comp-store sales declined 1.8%.

Despite improved sales, earnings for the quarter went down 13.5% to $59.2 million. The company said it introd

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