TORONTO -- Reflecting the sale of its U.S. retail assets in mid-1995, Loblaw Cos. here said sales for the year ended Dec. 28 were flat, while fourth-quarter sales rose 7%.
during the second quarter of the prior year.
For the 12-week fourth quarter, net income rose 21.5% to $43.7 million, while sales rose 7% to $1.7 billion.
Fourth-quarter earnings included a one-time charge of $14.6 million, representing a store labor restructuring. The company said it also received