TORONTO - For the second year in a row, Loblaw Cos. delivered bad news to shareholders at the company's annual meeting here this month. Like last year, first-quarter results were down, and again most of the blame was attributed to increased competition from nontraditional and non-unionized food retailers such as Wal-Mart. The company also blamed its efforts to revamp its distribution for general merchandise. To prepare for growing competition, Loblaw is adding more general merchandise, ...
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