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Food Lion and Hannaford help lead Ahold Delhaize to strong Q4
Ahold Delhaize’s Food Lion and Hannaford U.S. supermarkets had both strong fiscal fourth quarters and for fiscal 2016, the company stated in an earnings report. Volume growth was particularly strong, more than offsetting the impact of inflation on sales. Underlying operating margins improved, driven by the “Easy, Fresh & Affordable” strategic initiative and synergies, said Ahold Delhaize. -
Another tough quarter for teen apparel retailer
Abercrombie’s efforts to revive its namesake brand still have a ways to go judging by its fourth quarter performance. But Hollister is on the upswing. Abercrombie & Fitch Co.’s total revenue in the quarter, ended Jan. 28, fell 7% to $1.04 billion, slightly below expectations.


