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 β€” 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. β€œIn the U.S., the situation worsened progressively through the second quarter, [but] we

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