Delhaize Initiates Cost-Cutting

Delhaize expects to see opportunities for margin improvement in the second half as it implements a 60 million euro ($93 million) cost-cutting initiative, the company said in a conference call yesterday discussing second-quarter earnings.

BRUSSELS — Delhaize expects to see opportunities for margin improvement in the second half as it implements a 60 million euro ($93 million) cost-cutting initiative, the company said in a conference call yesterday discussing second-quarter earnings. Last month the company had projected soft results for the quarter and revised its guidance downward for the second half, citing economic pressures on consumers. “In the U.S., the situation worsened progressively through the second quarter, [but] we

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