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Canadian retailer Loblaw announced sales of $ 12.5 billion in the second quarter of 2009.

Loblaw Companies Ltd, a Canadian food retailer (also retailing apparel brands), had sales of $ 11.9 billion in the second quarter, which ended June 19, 2021, compared to 4.5. It reported an increase of% to $ 12.5 billion (Canadian dollar). The period of the previous fiscal year. Net income for the second quarter of 2009 increased to $ 378 million (second quarter of 2008: $ 172 million).

“In the second quarter, Rob Lowe achieved a strong financial performance, outpacing the revenue growth and significant Covid-related costs experienced at the start of the pandemic.” Galen Weston, President and Chairman of Loblaw Companies Limited, Said in a press release.

Due to the high penetration wrapping in the second quarter of 2009, the company’s e-commerce sales were down 0.5% compared to the 280% growth in the second quarter of 2008. However, operating profit surged to $ 725 million ($ 404 million).

“We continue to focus on providing value and quality to Canadians while providing a secure shopping experience to meet the evolving needs of our customers as pandemics begin to be lifted. We are in a good position, “Weston added.

Fiber2Fashion News Desk (JL)

Loblaw Companies Ltd, a Canadian food retailer (also retailing apparel brands), had sales of $ 11.9 billion in the second quarter, which ended June 19, 2021, compared to 4.5. It reported an increase of% to $ 12.5 billion (Canadian dollar). The period of the previous fiscal year. Net income for the second quarter of 2009 increased to $ 378 million (second quarter of 2008: $ 172 million).



Canadian retailer Loblaw announced sales of $ 12.5 billion in the second quarter of 2009.

Source link Canadian retailer Loblaw announced sales of $ 12.5 billion in the second quarter of 2009.

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