Delhaize Takes $18.6M Charge

Delhaize Group here said last week that it took an impairment charge of $18.6 million for the value of 25 Sweetbay stores, indicating those locations are not meeting financial projections. Delhaize last year completed the conversion of its entire Kash n' Karry chain in Florida to the Sweetbay format, and has launched a more aggressive pricing program at the 106-store banner that the company

BRUSSELS — Delhaize Group here said last week that it took an impairment charge of $18.6 million for the value of 25 Sweetbay stores, indicating those locations are not meeting financial projections.

Delhaize last year completed the conversion of its entire Kash n' Karry chain in Florida to the Sweetbay format, and has launched a more aggressive pricing program at the 106-store banner that the company said is driving improvements.

“We have said that we are not profitabl

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