Loblaw Liquidates Inventory

TORONTO Loblaw Cos. here said last week that it has hired third-party firms to assist in the liquidation of certain inventory, primarily general merchandise. The company had said in its third-quarter earnings report that inventory liquidation was one of several areas under review during the fourth quarter. Loblaw said it expects to incur a pretax charge in the fourth quarter in the range of about

TORONTO — Loblaw Cos. here said last week that it has hired third-party firms to assist in the liquidation of certain inventory, primarily general merchandise.

The company had said in its third-quarter earnings report that inventory liquidation was one of several areas under review during the fourth quarter. Loblaw said it expects to incur a pretax charge in the fourth quarter in the range of about $85 million to $102 million (U.S.), including the loss on disposal of the invent

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