TORONTO — Loblaw here is closing various stores for 24 hours to re-set groceries as part of its turnaround effort, according to a published report Wednesday.
Affected stores have been closing on Mondays, according to the Dow Jones report, and relate to changes in layouts and product adjacencies.
In a research report published earlier this month, Perry Caicco, an analyst for CIBC World Markets, said the changes at Loblaw stores include new cut-ins for items like coffee, pasta and salad dressings. The renovated stores have taken space from “club-pack” items and general merchandise, Caicco added.
Separately, Frank Rocchetti, formerly chief merchandising officer, left Loblaw this week, the Wall Street Journal reported. Dalton Philips, chief operating officer, will assume Rocchetti’s responsibilities on a permanent basis, the newspaper said.
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