Loblaw looks to fresh; Q2 earnings drop

After battling intense retail competition in Canada from Wal-Mart and Target, Loblaw Cos. reported a loss of $425 million (U.S.) for the fiscal second quarter.

Newly named president Galen Weston noted that average square footage gains in the industry has been 3%, while Loblaw’s has been about 1%.

Loblaw's revenue for the second quarter was $9.6 billion (U.S.), a 37.1% increase compared to the 2013 fiscal second quart

Register to view the full article

TAGS: News
Hide 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.