TORONTO — Higher sales volumes and more efficient buying and transportation infrastructure drove improved results during the fourth quarter for Loblaw Cos., the retailer here said Wednesday. Loblaw posted $158.3 million (U.S.) in net earnings on sales of $7 billion for the 12-week quarter that ended Jan. 2. Net income fell by 13.2% and sales were down 5.6%, respectively, from the 13-week fourth quarter last year, and same-store sales were down by 7.8%. When adjusted for the extra week and ...
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