Market News
03Mar2006 |
Loblaw Introduces Clothing LineLoblaw Cos. Ltd. has announced plans to launch a low-priced, private-label apparel line, in a further effort to increase its competitiveness against Wal-Mart Canada. The company hopes that its Joe Fresh rollout will counter the disappointing financial results it has encountered with a number of non-grocery introductions. Loblaw will redesign some of its superstores to accommodate the expanded apparel section. Meanwhile, Wal-Mart Canada is getting ready to unveil more food and apparel at its larger superstores across the country, late this year or early next. Source: Canadian Grocer E-Newsletter, March 3rd. 2005. 
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