Loblaw: Consumer flight to discount nicks Q1 sales

Loblaw: Consumer flight to discount nicks Q1 sales

A consumer shift to discount food shopping caught Loblaw Cos. by surprise and led in part to what officials called "slightly disappointing" food retail sales growth in the fiscal first quarter.

Galen Weston, Loblaw's executive chairman, in a conference call Wednesday said food inflation was triggering customers to switch from conventional to discount formats "and while that was happening, our promotional program was not as sharp as it needed to be specifically in our hard discou

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