Loblaw ‘Catching Up’ on Five-Year Plan

Loblaw Cos. said Friday that the five-point plan it is implementing has it on track to catch up within six to nine months with the five-year plan it laid out in 2005, but on which it has fallen behind.

TORONTO — Loblaw Cos. here said Friday that the five-point plan it is implementing has it on track to catch up within six to nine months with the five-year plan it laid out in 2005, but on which it has fallen behind. Citing the progress Loblaw made in the last few months, Allan L. Leighton, president and deputy chairman, said, “We can build the sales momentum the business requires, and I’m confident we’ll get ourselves back on track within six to nine months.” He made his remarks to analysts

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