date:Jan 13, 2014
is increasing its presence in food, and Target Corp. opened a chain of Canadian stores last year. Supermarket leader Loblaw Cos. Ltd. is preparing to close its deal for Shoppers Drug Mart Corp., which will add to its purchasing heft.
In quarter ended Nov. 2, Sobeys reported that its gross margins slipped to 22.5 per cent from 23 per cent a year earlier because of heavy discounting. Other segments, such as apparel, enjoy margins that are more than twice as large, Mr. Winder said.
In its letter,