Delhaize Group News

Synopsis Canadean's "Delhaize Group: Retailing Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations.

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Delhaize Group , the Belgian international food retailer, announced today that during its Ordinary and Extraordinary Shareholders Meeting its shareholders have approved the annual accounts for fiscal year 2011 and the distribution of a EUR 1.76 gross dividend per share.

Belgian supermarket chain Delhaize is seeing a stabilisation of its trading environment, following a tough first quarter, its chief executive said on Thursday.

Shares in Delhaize Group fell today after the Belgium-based retailer forecast its underlying operating profit could be down by as much as 20% this year.

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These actions resulted in solid revenue growth of 5.9%. Our commitment to price competitiveness, the accelerated revenue momentum in our Food Lion Phase One stores, strong revenue growth at Bottom Dollar Food, real growth in Serbia and the strength of our Alfa Beta brand, give us confidence that our strategy is delivering the intended results." ... (more)

There's no shortage of people looking for a good deal in Northeast Philly. The lines outside the area's newest discount supermarket during its recent grand opening demonstrated that.