Loblaw to Rebuild Around Lower Prices, Superstores

TORONTO -- Executives of Loblaw Cos. said they will reduce prices, increase private-label penetration, improve fresh food merchandising and revamp the Real Canadian Superstore banner in an aggressive strategy to right the embattled retailer.

TORONTO -- Executives of Loblaw Cos. said they will reduce prices, increase private-label penetration, improve fresh food merchandising and revamp the Real Canadian Superstore banner in an aggressive strategy to right the embattled retailer. The plan aims to improve sales by 5% and earnings by 10% annually, and to generate free cash flow of around $215 million (U.S.) over a three- to five-year recovery period, said Galen Weston Jr., the new executive chairman of Loblaw, at an

Register to view the full article