• News

    Delhaize accelerates store openings


    Delhaize plans to speed up store openings in its new markets and new formats to achieve annual sales growth of 5% to 7% in three years. The retailer expects to open about 450 stores in its newer operations by 2014. Store openings will include expansion of its Bottom Dollar Food ...

  • News

    Sales rise for Grocer Delhaize Group


    Grocer Delhaize Group’s sales in the third quarter of 2011 rose 6.6% at identical exchange rates, to E5.33bn (£4.57bn). Growth in the US reached 3.5% in dollars and 1.9% like-for-like. Operating profit increased 1.8% at identical exchange rates to E238m (£204.1m). Operating margin decreased to 4.5%, mainly due to the ...

  • News

    Media-Saturn to cut jobs at its headquarters


    Metro Group-controlled Media-Saturn is to cut 61 of 139 jobs at its headquarters. The electronics retailer said the decision has been prompted by the economic crisis that has led to a drop in consumer confidence, the rise of internet sales and the cost structure of the headquarters. The retailer’s board ...

  • News

    Delhaize Group closes public offering of seven-year bonds


    Delhaize Group has closed the public offering of seven-year bonds for a total amount of E400m (£347m). Delhaize Group president and chief executive Pierre-Olivier Beckers said: “This successful bond offering will help us fund the continued implementation of our New Game Plan strategy as well as re-finance existing debt recently ...

  • News

    Colruyt predicts net profit will be below market expectations


    Colruyt predicts that net profit this year will be below market expectations and no higher than last year. According to the grocer, the reasons for this are higher food, energy and staff costs. The traditionally cautious Belgian company said it would not be able to fully pass on higher food ...

  • News

    Delhaize Group reports second-quarter sales increase


    Delhaize Group has reported second-quarter sales reached E5.1bn (£4.4bn), corresponding to an increase of 4.2% at actual exchange rates compared with the same period in 2010. Net profit rose 1.9% to E117m (£101.7m) while operating profit decreased by 7.8% to E209m (£181.6m). Delhaize Group plans a net addition of 115 ...

  • News

    Delhaize Group completes acquisition of Delta M


    Delhaize Group has completed the acquisition of Serbian retail group Delta M. Delhaize said that over the next several quarters it will focus on the development of strategic plans for pricing, branding, as well as format management to ensure growth in the region. The retailer’s target is the generation of ...

  • Carphone Warehouse

    Best Buy Europe to sell off Belgian Phone House


    Best Buy Europe, the joint venture between Carphone Warehouse and US electricals group Best Buy, is to sell its Belgian retail business.

  • News

    Ahold has opened its first Albert Heijn store in Belgium


    Ahold has opened its first Albert Heijn store in Belgium. Among the 12,000 products sold 1,500 are Flemish, including a wide range of Belgian beers and chocolates. All items are offered at the same prices as at Albert Heijn in the Netherlands. At the store, which covers floor space of ...

  • News

    Delhaize Group revenue increases 4.6% to £17.7bn


    Delhaize Group has reported revenues of E20.8bn (£17.7bn) for 2010. This represents an increase of 1% at identical exchange rates or 4.6% at actual exchange rates, due to the strengthening of the US dollar by 5.2% against the euro compared with 2009. Organic revenue growth was 0.9%. Delhaize Group added ...