Canada: Loblaw facing triple threat
The Brampton, Ontario-headquartered retailer has faced a triple threat in recent years. The expansion of Wal-Mart, the move by Target into the Canadian market and more nimble domestic chains such as Longo's and Metro have squeezed margins at the iconic retail operator. Excluding apparel, overall sales at Loblaw's 1,000 stores have been flat for the last couple of years. And like the rest of the sector, profits at Loblaw have suffered due to rising transport and food prices.
Source: seekingalpha.com
