Loblaw Warns of Difficult Times

Although sales and earnings improved for Loblaw Cos. during the third quarter, this is not yet a trend, warned Allen Leighton, the retailer's president and deputy chairman. We're living in a world which is the most unpredictable it's been for a period of time. We're in uncharted waters, Leighton said in a conference call in which Loblaw predicted difficult times through early next year due

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

“We're living in a world which is the most unpredictable it's been for a period of time. We're in uncharted 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.

“Al

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