Market News
05Jan2007 |
Loblaw Liquidating Excess Non-Food GoodsLoblaw says it will liquidate its excess inventories of kitchen accessories, bed and bath products, electronics and more—a move that will cost the retailer a pre-tax charge of between $100 and $120 million in Q4. Toronto-based Loblaw will continue selling these types of products, but says eliminating the excess inventory will help improve the efficiency of its supply chain operations. The retailer, which has been struggling with supply chain issues as it faces heightened competition from Wal-Mart, said it is focused on simplifying, innovating and growing its business. Source: Canadian Grocer E-Newsletter, Jan. 5, 2007. 
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