FOOD LION WILL OPEN 75 NEW STORES

SALISBURY, N.C. -- Food Lion here said it will focus its energies on the Southeast and Mid-Atlantic states, with a strategy that incorporates both new store constructions and acquisitions.The chain will spend $360 million this year to open 75 new stores -- its most since 1993 -- and remodel and/or expand 133 existing units, said President and Chief Executive Officer Tom Smith at the Food Lion annual

SALISBURY, N.C. -- Food Lion here said it will focus its energies on the Southeast and Mid-Atlantic states, with a strategy that incorporates both new store constructions and acquisitions.

The chain will spend $360 million this year to open 75 new stores -- its most since 1993 -- and remodel and/or expand 133 existing units, said President and Chief Executive Officer Tom Smith at the Food Lion annual shareholders meeting.

"Going into a new market with a bunch of new stores is

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