Loblaw Cites Increased Expenses in 2012

Lobalw said projected revenues in 2012 will not be enough to offset planned incremental investments.

TORONTO — Loblaw Cos. here on Thursday said it expects net income for fiscal 2012 to be lower than 2011 as it undertakes several investments in technology and other areas.

The company said it planned to invest about $1.1 billion (U.S.) in capital expenditures in 2012, including 40% on IT and supply chain and 60% on its store base. Loblaw, Canada’s largest operator of traditional supermarkets, s

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