TORONTO — Loblaw Cos. is splitting its merchandising and operations teams to focus exclusively on its discount and conventional businesses, officials of the retailer said last week. “There are two businesses at Loblaw, and those two businesses are very different,” Allan Leighton, Loblaw's president and deputy chairman, said at the CIBC World Markets Retail and Consumer Conference here. “The discount business is about lowest price and lowest cost. And the ...

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