LOBLAW SAYS STORE SALES INCREASED OVERALL RESULTS

TORONTO -- Loblaw Cos. here said strong retail sales boosted overall sales and earnings for the third quarter and 40 weeks ended Oct. 8. Net income rose 37.3% to $24.6 million U.S. for the 16-week quarter and 25.3% to $62 million for the year to date. The results were converted to U.S. currency at the exchange rate of $1.36 Canadian to the U.S. dollar. Sales rose 6.9% for the quarter to $2.3 billion

TORONTO -- Loblaw Cos. here said strong retail sales boosted overall sales and earnings for the third quarter and 40 weeks ended Oct. 8. Net income rose 37.3% to $24.6 million U.S. for the 16-week quarter and 25.3% to $62 million for the year to date. The results were converted to U.S. currency at the exchange rate of $1.36 Canadian to the U.S. dollar. Sales rose 6.9% for the quarter to $2.3 billion and 6% for the 40 weeks to $5.6 billion. The company said improvements in its New Orleans oper

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