TORONTO - Loblaw Cos. here will close 19 stores under the Provigo banner and 24 cash-and-carry wholesale outlets as part of a “formula for growth” outlined by its new management team in a quarterly conference call yesterday. Loblaw also said it would expand 44 of its grocery stores in Ontario to its Real Canadian Superstore concept. The company said it would take a charge of $35 million to $40 million (U.S.) to cover closing expenses at Provigo, and $11 million to $13 million from the ...
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 complimentary access to the SN salary survey data tables.
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.