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Delhaize America to retire Bloom banner, shutter 126 stores
SALISBURY, N.C. — The U.S. division of Delhaize Group is looking to strengthen its position in the market by retiring one of its supermarket banners and closing several underperforming stores.
Delhaize America announced that it will retire its Bloom banner, which operates stores in Virginia and Maryland. Additionally, Delhaize America will close 126 underperforming stores, including 113 stores under the Food Lion banner, seven stores under the Bloom banner and six under the Bottom Dollar Food banner.
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Supervalu sticks to strategy despite Q3 losses
MINNEAPOLIS — Supervalu said it is sticking to its "8 Plays to Win" strategy, a multipronged plan designed to benefit the company and its customers, despite reporting several losses during the third quarter.
The supermarket retailer reported its net sales during the third quarter of fiscal 2012 dropped about 5% to $8.3 billion, compared with nearly $8.7 billion in the year-ago period, and also posted a net loss of $750 million, or $3.54 per diluted share, compared with a net loss of $202 million in the third quarter of fiscal 2011.