Food Lion 2010 Annual Report Download - page 23

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Delhaize Group - Annual Report 2010 19
Portfolio
Maintenance
Network Growth
new stores
opened in 2010
110
DELHAIZE GROUP
AT A GLANCE
OUR
STRATEGY
OUR ACTIVITIES
IN 2010 CORPORATE
GOVERNANCE STATEMENT RISK
FACTORS FINANCIAL
STATEMENTS SHAREHOLDER
INFORMATION
> Generate Profitable Revenue Growth > Pursue Best-in-Class Execution > Operate as a Responsible Corporate Citizen
Customers not only want to find what they are
looking for, they also want to be surprised with new
products or items that make their life easier.
As a result of these experiences, customers become
the brand’s ambassadors.
Our Group continuously monitors the performance of its store
network. As economic circumstances change over time,
underperforming stores need to be closed to secure the future of
stores that are performing well. As a result, Delhaize Group can
grow the profitability of its network. In 2010, our Group closed
18 and relocated 2 stores in the U.S., as part of a reorganization
announced at the beginning of the year.
In 2010, Delhaize Group opened 110 new stores: 40 in the U.S.,
28 in Belgium, 14 in Greece, 21 in Romania and 7 in Indonesia.
At the end of the year, the worldwide network counted 2 800
stores. Growth was especially strong in our newer operations
with 61 stores. These newer operations include both our newer
geographical markets, Greece, Romania and Indonesia and our
newer low cost formats Bottom Dollar Food in the U.S. and Red
Market in Europe.
To complement organic growth, Delhaize Group seeks to seize
acquisition opportunities in existing or new markets. Mergers
and acquisitions are not a goal in itself; instead they enable us to
strengthen our presence in existing markets, to complement our
existing network or to enter in a new market. Growing our network
means that we can better achieve economies of scale.
“Integrity is something
I learned at a young
age from my parents.
To this day, in all
aspects of my life,
whether personally or
professionally, it just
makes sense to me to
strive to do the right
thing all the time.”
Dana Vanhoy
Delhaize America -
Strategic Product Sourcing Analyst