Sobeys Posts Q3 Sales Gains

STELLARTON, Nova Scotia Despite encountering challenges of rapid price deflation and a round of fierce holiday price competition, Sobeys eked out gains in same-store sales and operating income during its fiscal third quarter, the retailer said last week. The results came despite cycling a year-ago period with 4% inflation and the benefit of a labor strike affecting one of its competitors, noted Bill

STELLARTON, Nova Scotia — Despite encountering challenges of rapid price deflation and a round of fierce holiday price competition, Sobeys eked out gains in same-store sales and operating income during its fiscal third quarter, the retailer said last week.

The results came despite cycling a year-ago period with 4% inflation and the benefit of a labor strike affecting one of its competitors, noted Bill McEwan, chief executive officer of Sobeys, speaking in a conference call revi

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