Loblaw Warns of ‘Difficult Times’ Ahead

Although sales and earnings improved for Loblaw Cos. during the third quarter, “this is not yet a trend,” Allen Leighton, the retailer’s president and deputy chairman, warned on Thursday.

TORONTO — Although sales and earnings improved for Loblaw Cos. during the third quarter, “this is not yet a trend,” Allen Leighton, the retailer’s president and deputy chairman, warned on Thursday.

“We’re living in a world which is the most unpredictable it’s been for a period of time. We’re in unchartered waters,” Leighton said in a conference call, in which Loblaw predicted “difficult times” through early next year due to global economic pressures impacting the Canadian consumer. “A

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