Acquisitions, fresh boost Loblaw in Q3

Loblaw Cos. said Wednesday that the addition of Shoppers Drug Mart and progress on fresh initiatives in food stores helped to boost sales and productivity during the fiscal third quarter.

Quarterly sales of $12 billion (U.S.) improved by 35.9% or 2% excluding Shoppers Drug Mart, while same store sales excluding the acquisition improved by 2.6%. Store traffic was up slightly, and basket sizes grew as a result of loyalty parti

Register to view the full article

TAGS: News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish