Delhaize Group to Open 450 New Stores by 2014
December 06, 2011
Brussels-based Delhaize Group announced plans to open about 450 stores in its high-growth, newer operations—including Bottom Dollar Food in the United States and Red Market in Europe—by 2014. “We are strengthening our brands, stepping up price investments at all our operating companies, further developing our formats and generating the means to fund these initiatives through structural changes in the way we operate," said Pierre-Olivier Beckers, president and CEO of Delhaize Group. In addition, the positive results of Bottom Dollar Food in the Philadelphia market support the company's plans for expansion in additional markets that present the same growth profile. This will include hundreds of new Bottom Dollar Food stores over the next five years.