It's amazing what a difference one year can make. At this time in 2014, shares of Loblaw Companies Limited (TSX:L) traded in the low $40s, and newspapers were constantly writing about the �grocery wars.
Loblaw Companies Limited (TSX:L), the largest retailer of food in Canada, announced better-than-expected fourth-quarter earnings before the market opened on February 26, but its stock has responded by making a slight move to the downside.
Loblaw Companies Limited (TSX:L), Canada's largest supermarket chain, recently announced a $1.2 billion investment in its Canadian business, including plans to open 50 new stores and renovate as many as 100 others.
The competition between Canada's grocers has heated up in recent years, with the grocers slashing prices to attract consumers and offering sales so frequently that they have at times hurt their own bottom lines.
TORONTO - Having put most of its energy into a massive infrastructure and IT rollout over several years, Loblaw Cos. Ltd is once again turning to the business of refreshing its stores, sharpening its food assortment and building new locations as part ...
Loblaw Companies Limited (TSX: L), on the other hand, has been struggling to grow as it faces new and heated competition from other food retailers and big-box stores such as Wal-Mart Stores Inc. (NYSE: WMT) and Target Corporation (NYSE: TGT).