Food Lion Revamps Hit Profits

Food Lion Revamps Hit Profits

“The biggest drag on our U.S. sales have been … those markets where we have not implemented our new strategy." — Ron Hodge, CEO of Delhaize America

BRUSSELS — Price and service investments at the Food Lion banner continued to pressure profits for Delhaize Group, but officials last week insisted the strategy was revitalizing the struggling franchise.

Ron Hodge, chief executive officer of Delhaize America, in a conference call last week said comparable-store sales at Food Lion stores that were repositioned in the first two phases of the F

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