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Food Lion announces upgrades in 169 stores
Salisbury, N.C. -- Food Lion announced that it has made significant investments in 169 stores in North Carolina and South Carolina and created 500 new jobs. Key markets include Greenville, N.C., Wilmington, N.C., Columbia, S.C., Charleston, S.C., and Myrtle Beach, S.C.
To celebrate the launch, Food Lion is holding grand re-opening festivities at the 169 stores, including providing the first 50 customers at each location with a bag of free groceries Nov. 13 through Nov. 16.
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Cache Q3 loss widens
New York -- Cache's loss in the third quarter widened amid increased expenses. Its results were also impacted by a large income tax benefit last year.
For the period ended Sept. 28, Cache Inc. lost $8 million, compared to a loss of $6.4 million a year ago.
Revenue increased 3% to $47.2 million, from $45.8 million. Same-store sales were down 2.9%.