TORONTO - Saying the company "went too fast" with initiatives to modernize its supply chain, Loblaw here said sales and earnings in its fourth quarter would be lower than expected. In a conference call, John Lederer, Loblaw's president, said the restructuring - including the closure of six warehouses, the relocation of some operations and the introduction of new procedures - have resulted in some stores being unable to get product, causing higher labor costs, and forcing the chain to dial ...
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.