Loblaw to Accelerate Turnaround

Allan Leighton, now officially behind the wheel at Loblaw Cos., did what analysts expected of him last week: He stepped on the gas. Acknowledging that a five-year turnaround plan announced a year ago was already behind schedule, Leighton last week announced a slate of initiatives intended to accelerate change and push Loblaw's transition from an organization focused on cost controls to one

TORONTO — Allan Leighton, now officially behind the wheel at Loblaw Cos., did what analysts expected of him last week: He stepped on the gas.

Acknowledging that a five-year turnaround plan announced a year ago was already behind schedule, Leighton last week announced a slate of initiatives intended to accelerate change and push Loblaw's transition from an organization focused on cost controls to one that's more about selling. His plan involves accomplishing many of Loblaw's est

Register to view the full article