Loblaw Sees Long-Term Progress

Loblaw Cos. in Toronto said it has fallen behind on the five-year recovery plan it laid out in 2005, but it hopes to catch up within six to nine months. Citing the progress it's made in the last few months, Allan L. Leighton, president and deputy chairman, said, We can build the sales momentum the business requires, and I'm confident we'll get ourselves back on track within six to nine months. He

TORONTO — Loblaw Cos. here said it has fallen behind on the five-year recovery plan it laid out in 2005, but it hopes to catch up within six to nine months.

Citing the progress it's made in the last few months, Allan L. Leighton, president and deputy chairman, said, “We can build the sales momentum the business requires, and I'm confident we'll get ourselves back on track within six to nine months.”

He made his remarks during a conference call with analysts to discuss f

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