STELLARTON, Nova Scotia -- Sobeys here is investing more in lower retail prices than it expected three to six months ago "[because of] our determination to be more competitive than ever before, in increasingly competitive markets," Bill McEwan, president and chief executive officer, said here. That determination was reflected in the company's financial results for the third quarter and 39 weeks ended Jan. 31, which showed sales up and earnings down. Sales increased 5.7% to $2.1 billion ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.