MONTREAL - The prospect of facing Wal-Mart Canada as it prepares to open supercenters in Ontario doesn't faze Pierre Lessard, president and chief executive officer of Canadian supermarket operator Metro here. After all, the company has bulked up to become Canada's third-largest grocer with the $1.5 billion (U.S.) purchase last August of A&P's 236 stores in Ontario. The acquisition boosted Metro's annualized sales to $9.5 billion from $5.7 billion in fiscal 2005, giving it a 24% share ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.