SUPPLY WOES SINK LOBLAW

TORONTO - Saying the company "went too fast" with initiatives to modernize its supply chain, Loblaw here said sales and earnings in its fourth quarter would be lower than expected.In a conference call, John Lederer, Loblaw's president, said the restructuring - including the closure of six warehouses, the relocation of some operations and the introduction of new procedures - have resulted in some stores

TORONTO - Saying the company "went too fast" with initiatives to modernize its supply chain, Loblaw here said sales and earnings in its fourth quarter would be lower than expected.

In a conference call, John Lederer, Loblaw's president, said the restructuring - including the closure of six warehouses, the relocation of some operations and the introduction of new procedures - have resulted in some stores being unable to get product, causing higher labor costs, and forcing the chain to

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