TORONTO — Loblaw Cos. here said last week that it has hired third-party firms to assist in the liquidation of certain inventory, primarily general merchandise. The company had said in its third-quarter earnings report that inventory liquidation was one of several areas under review during the fourth quarter. Loblaw said it expects to incur a pretax charge in the fourth quarter in the range of about $85 million to $102 million (U.S.), including the loss on disposal of the inventory being ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.