Delhaize Posts Q1 Loss On Costs Related to Store Closings

Brussels-based Delhaize Group, the parent of Food Lion, which generates more than half the company's sales, reported a first-quarter loss due to $219.7 million in restructuring charges related to 126 U.S. store closings, The Wall Street Journal reported online. The company aims to revamp 510 Food Lion stores in 2012, while cutting prices and costs.

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