Delhaize (DEG) says it will accelerate a revamp of its supermarket stores in the U.S. and...

|By:, SA News Editor

Delhaize (DEG) says it will accelerate a revamp of its supermarket stores in the U.S. and Belgium to boost competitiveness after seeing profit tail off 48% in Q4. As part of its restructuring, 146 underperforming stores will be closed. Shares are down 6.1% in Belgium, -5.5% premarket U.S.