Costs, Price Competition Hit Sobeys

STELLARTON, Nova Scotia Sobeys officials last week acknowledged that price competition in Ontario has become but said it was obligated to continue playing along. The marketplace went a little irrational, and we wanted to make sure that we protected the price-competitive position that was so difficult to achieve over the last two to three years, Bill McEwan, president and chief executive officer, said

STELLARTON, Nova Scotia — Sobeys officials last week acknowledged that price competition in Ontario has become “irrational,” but said it was obligated to continue playing along.

“The marketplace went a little irrational, and we wanted to make sure that we protected the price-competitive position that was so difficult to achieve over the last two to three years,” Bill McEwan, president and chief executive officer, said in a conference call discussing the retailer's third-quarter

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