METRO PLANS EXPANSION

MONTREAL -- Canadian supermarket and drug store operator Metro here plans to spend $121.5 million this year to open, expand, or renovate 30 stores in Quebec and Ontario. It sees bigger stores and a better selection as key in competing against Wal-Mart Canada, Loblaw and other competitors.In addition, the company may consider expansion in Ontario via an acquisition, said Pierre Lessard, president,

MONTREAL -- Canadian supermarket and drug store operator Metro here plans to spend $121.5 million this year to open, expand, or renovate 30 stores in Quebec and Ontario. It sees bigger stores and a better selection as key in competing against Wal-Mart Canada, Loblaw and other competitors.

In addition, the company may consider expansion in Ontario via an acquisition, said Pierre Lessard, president, at Metro's annual meeting here last week. However, he noted there are few takeover candi

Register to view the full article

Already a member? .