Loblaw Boosts IT Investment

TORONTO A little more than halfway through a five-year recovery program, Loblaw is racing to the finish. The retailer here said it would step up the investment and the pace of its turnaround with heavy spending behind supply chain and information technology upgrades this calendar year. Allen Leighton, president and deputy chairman, in a conference call last week said 2010 and 2011 would be the most

TORONTO — A little more than halfway through a five-year recovery program, Loblaw is racing to the finish.

The retailer here said it would step up the investment — and the pace — of its turnaround with heavy spending behind supply chain and information technology upgrades this calendar year. Allen Leighton, president and deputy chairman, in a conference call last week said 2010 and 2011 would be the most challenging of the five in the renewal program.

According to Leigh

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