TORONTO — Aggressive price investment is sparking sales increases for Loblaw Cos., but the growth is coming at a price and difficult times lay ahead, officials of the retailer here said yesterday. Overall sales grew by 3.5% to $6.6 billion (U.S.), and same-store sales increased by 4.2% during Loblaw’s fiscal second quarter, which ended June 16. But operating margins were down sharply from the same period a year ago, and earnings fell by 39.4% to $113 million as the company held the line on ...
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.