Bakers Journal

Loblaw eager to ramp up sales as profits drop

July 29, 2016
By CBC News

Despite higher sales in its second quarter relative to last year, Loblaw reported that its profit dropped by nearly 15 per cent from a year earlier. In its call with investors the grocery giant said that in order to continue delivering earnings growth, it needs to increase sales volume as competition heats up, as reported by CBC News. | READ MORE

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