TORONTO — Embattled Canadian supermarket operator Loblaw Cos. made the case for its aggressive pricing actions last week by citing the struggles of U.S. operators Tops and Albertsons. Though aggressive retail cost reductions over the past year have savaged Loblaw's earnings and have been called “irrational” by some competitors and industry observers, Loblaw officials in an investor conference last week said the tombstones of U.S. operators who failed to properly adjust pricing as they ...

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