USA: Cost cuts on track at Delhaize's US Food Lion chain
Belgian retailer Delhaize has said it is on track to cut costs by €100m (US$117m) this year at its US Food Lion supermarket chain. "We are working on cutting our costs generally," Delhaize chief executive officer Pierre-Olivier Beckers was quoted by Reuters as saying. "First-quarter results show our ability to make savings very quickly."
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