BELGIUM/US: Delhaize plans cost cuts at Food Lion
Belgian retailer Delhaize is planning a number of cost-cutting measures at its US Food Lion unit. The company has again lowered its sales and earnings forecasts for 2002, due in part to the state of the US economy where Delhaize carries out most of its operations. Delhaize has said that business at its US retail chains Food Lion and Kash n' Karry has been worse than expected in recent months, reported Reuters.
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