Private Label Boosts Delhaize Q1

A delicate touch in price investments and a strong performance of private brands helped Delhaize Group post a 24.4% increase in net income during the fiscal first quarter, the retailer here said last week. Sales improved 3% at identical exchange rates as banners gained or protected market share on improved price perception, Pierre-Olivier Beckers, president and chief executive officer, said

BRUSSELS — A delicate touch in price investments and a strong performance of private brands helped Delhaize Group post a 24.4% increase in net income during the fiscal first quarter, the retailer here said last week.

Sales improved 3% at identical exchange rates as banners gained or protected market share on improved price perception, Pierre-Olivier Beckers, president and chief executive officer, said in a conference call.

“Our operating companies responded very well to

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