BRAMPTON, Ontario — George Weston Ltd. and Loblaw Cos. today jointly announced the appointment of Per Bank as president and chief executive officer of Loblaw, Canada’s largest grocery and pharmacy operator. Bank will join the company early next year, when Galen Weston is expected to step back from day-to-day leadership as the company’s chairman, president
BRAMPTON, Ontario — Loblaw Cos. reported revenue of $12.76 billion (all figures Canadian) for the fourth quarter of fiscal 2021. This represented an increase of 2.8% (adjusted) when compared to the fourth quarter of 2020. Retail segment sales were $12.49 billion, up 2.6% when compared to the fourth quarter of 2020. Food retail (Loblaw) same-store sales increased
TORONTO – W. Galen Weston, former executive chairman of George Weston Ltd., the parent company of Loblaw Cos., Primar and Selfridges Group, has died at 80. Weston died “peacefully at home after a long illness faced with courage and dignity,” the Weston family said in a statement announcing the death, on April 12. “In our
BRAMPTON, Ontario – Loblaw Cos. is bringing its health and wellness app, which debuted in Atlantic Canada last month, to the provinces of Ontario, British Columbia and Alberta. Loblaw said Monday that it plans to roll out the app nationally in the coming months while adding new features and functionality, including such services as virtual
BRAMPTON, Ontario — Loblaw Cos. posted strong sales gains for its fiscal second quarter, as COVID-19 boosted consumer demand. But spending on safety measures related to the pandemic hurt earnings, the company said Thursday. “Loblaw delivered strong operational performance, as both our base business and strategic growth pillars performed well amidst the extraordinary conditions brought
BRAMPTON, Ontario — Loblaw Cos. said its president Sarah Davis will assume expanded responsibilities. In addition to day-to-day oversight of the company’s business performance, she adds full oversight for the 13-member management board and expands her direct-reporting lines, with the addition of finance and human resources. She will continue to report to Galen Weston, who becomes
BRAMPTON, Ontario — Loblaw Cos. announced its unaudited financial results for the first quarter ended March 24, 2018. “In the face of external headwinds, we delivered solid results, increased dividends, continued share buybacks, and invested in our digital future,” said Galen Weston, chairman and chief executive officer of Loblaw. “As the retail landscape changes, we are
BRAMPTON, Ontario —Loblaw Cos. reported that its overall retail sales for the fourth quarter fell 1.2% to $10.72 billion (all figures Canadian), down from $10.85 billion a year earlier. Excluding the consolidation of franchises, retail sales were down 2% year over year, the company said. Food retail sales came in at $7.55 billion in the quarter ended
TORONTO — Jeff Leger has been named president of Shoppers Drug Mart, succeeding Mike Motz, who has been promoted to chief operating officer of SDM parent Loblaw Cos. Loblaw confirmed Leger’s appointment on Tuesday. He previously served as executive vice president of pharmacy and health care for both Loblaw and Shoppers Drug Mart stores. Prior
BRAMPTON, Ontario — Loblaw Cos. announced that it plans to close 22 unprofitable stores, adding that it will begin rolling out an internet-based home-delivery service starting in December. The announcements come almost a month after the company said it was cutting approximately 500 corporate and store support positions. Loblaw declined to release a list of
TORONTO — Next year, Loblaw Cos. plans to launch a unified customer loyalty program that joins the Shoppers Optimum and PC Plus plans of its Shoppers Drug Mart and supermarket chains. Called PC Optimum, the combined loyalty program will enable members to earn and redeem loyalty points across Loblaw’s network of nearly 2,500 grocery and
BELLPORT, N.Y. — His career started in high school when he began working at a Loblaw Cos. supermarket in Erie, Pa., and today Jim Wonderly is vice president of strategic accounts at QK Healthcare Inc. Wonderly credits his manager at Loblaw, Jim Mifsud, for helping to launch his career by recommending him as a health