BRAMPTON, Ontario — Loblaw Cos. here last week said net income increased by 8.8% despite a 1.4% decrease in same-store sales during the second quarter, which ended June 18. Galen Weston, Loblaw's chairman, cited “unpredictable and competitively intense market conditions” for pressuring sales but said ongoing infrastructure improvements and cost savings helped boost earnings. Spending on infrastructure projects would likely keep pressure on profits for the second half of the fiscal year, he ...
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 complimentary access to the SN salary survey data tables.
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.