YEAR-END U.S. SALES DROP AT LOBLAW; STRIKE IS CITED

TORONTO -- Loblaw Cos. here said U.S. sales declined 4.6% in 1993 and overall operating income suffered substantially as a result of the strike at its National Tea stores in New Orleans settled last December.ales for the year rose 1% to $6.83 billion from $6.76 billion. The company's operating income declined 12% for the year to $37.4 million from $42.5 million in the year-ago period. Net earnings

TORONTO -- Loblaw Cos. here said U.S. sales declined 4.6% in 1993 and overall operating income suffered substantially as a result of the strike at its National Tea stores in New Orleans settled last December.

ales for the year rose 1% to $6.83 billion from $6.76 billion. The company's operating income declined 12% for the year to $37.4 million from $42.5 million in the year-ago period. Net earnings in the period rose 17.2% to $68.2 million, or 78 cents a share, from $58.2 million, or

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