LOBLAW PREPARES FOR WAL-MART'S CANADIAN INVASION

TORONTO -- Loblaw Cos. will continue to expand its general merchandise while focusing on offering lower prices to consumers, the company said at its annual meeting here April 30.The grocer will also spend $910 million ($1.3 billion Canadian) this year to open new outlets and upgrade others.John Lederer, president, said traditional food will remain Loblaw's main business, but it will continue to diversify

TORONTO -- Loblaw Cos. will continue to expand its general merchandise while focusing on offering lower prices to consumers, the company said at its annual meeting here April 30.

The grocer will also spend $910 million ($1.3 billion Canadian) this year to open new outlets and upgrade others.

John Lederer, president, said traditional food will remain Loblaw's main business, but it will continue to diversify into other everyday goods and services. This includes President's Choic

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