Loblaw beats profit expectations, even though No Name price freeze hit bottom line
Loblaw Cos. Ltd., Canada\’s largest grocery chain, reported that its fourth quarter profits beat expectations despite the impact of its price freeze. Loblaw\’s suppliers and rivals argued that the price freeze was just a meaningless marketing ploy, but Loblaw\’s President Galen Weston said it saved customers a lot of money. Loblaw\’s revenues jumped 9.7 percent […]