STORE INVESTMENTS BRING HIGHER SALES, PROFITS TO LOBLAW

TORONTO (FNS) -- Loblaw Cos. here reported a profit of $123.5 million or 44 cents a share, up from $95 million or 34 cents a year earlier. Sales increased to $3.18 billion from $2.99 billion.attributed the sharp increase in sales and profit in recent years to its aggressive capital investment program. Loblaw has been upgrading stores across the country with new superstores, new formats and innovative

TORONTO (FNS) -- Loblaw Cos. here reported a profit of $123.5 million or 44 cents a share, up from $95 million or 34 cents a year earlier. Sales increased to $3.18 billion from $2.99 billion.

attributed the sharp increase in sales and profit in recent years to its aggressive capital investment program. Loblaw has been upgrading stores across the country with new superstores, new formats and innovative interiors, resulting in an average 5% sales increase per store.

Loblaw plans

Register to view the full article