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Loblaw to close 52 unprofitable stores including pharmacies, grocery stores

2015-07-23 19:38:35| Grocery - Topix.net

Loblaw Companies Ltd. says it plans to shut down 52 unprofitable stores in its chain of various retail outlets in a move that will cut sales but boost its operating profit. The company says the closures will take place over the next 12 months and reduce its sales on an annual basis by about $300 million.

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