date:Mar 14, 2014
Belgian supermarket chain Delhaize on Thursday said it expected its profits in the first quarter of 2014 to fall as it cuts its prices and invests to expand sales in the United States.
The group, which has about 3,500 stores worldwide and makes about 60 percent of its revenue in the United States, said it had earmarked 625 million euros ($869.06 million) for capital expenses in 2014, having spent 565 million in 2013.
Delhaize, which operates Food Lion and Hannaford in the United States and the