Delhaize Plans 50-55 Stores in '08

On the heels of posting its best U.S. annual comparable-store sales gains in a decade, Delhaize Group will step up store growth in fiscal 2008, particularly in its Food Lion division. The retailer last week revealed plans to build between 50 and 55 new stores in the U.S. part of its $750 million capital expenditures forecast for the country, which generates about 65% of the company's

BRUSSELS — On the heels of posting its best U.S. annual comparable-store sales gains in a decade, Delhaize Group here will step up store growth in fiscal 2008, particularly in its Food Lion division.

The retailer last week revealed plans to build between 50 and 55 new stores in the U.S. — part of its $750 million capital expenditures forecast for the country, which generates about 65% of the company's total sales. About 45 stores are planned for the Food Lion division, which includes

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