date:Nov 14, 2013
ng sales at considerable expense. And we have to be careful between chasing those sales, spending too much money and not getting any returns, Metro's chief executive, Eric La Fleche, said.
Stock of both grocers fell as much as 6 percent. Shares of rival Empire Co Ltd, which operates Sobeys stores, also fell, shedding more than 2.5 percent.
Sobeys cemented its position as Loblaw's closest rival earlier this year with a $5.7 billion deal for Safeway Inc's Canadian assets. Shortly after, Loblaw