After battling intense retail competition in Canada from Wal-Mart and Target, Loblaw Cos. reported a loss of $425 million (U.S.) for the fiscal second quarter. Newly named president Galen Weston noted that average square footage gains in the industry has been 3%, while Loblaw’s has been about 1%. Loblaw's revenue for the second quarter was $9.6 billion (U.S.), a 37.1% increase compared to the 2013 fiscal second quarter. Loblaw attributed the revenue increases mostly to the ...
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