Loblaw Archives - Page 2 of 3

File photo of a Loblaw-owned Real Canadian Superstore location in Winnipeg. (Dave Bedard photo)

Loblaw beats estimates for quarterly revenue

By Reuters, GFM Network News February 25, 2022

Reuters — Canadian retailer Loblaw Cos. beat market estimates for quarterly revenue on Thursday, as demand for groceries and other essential items stayed strong. The pandemic-led trend of cooking at home has sustained even as COVID curbs have eased, continuing to help sales at grocery stores that benefited during last year’s lockdowns. Companies such as […] Read more

File photo of ice cream cones. (Ahirao_photo/iStock/Getty Images)

Crops

Loblaw parent Weston sells cookie and cone business

'Ambient' bakery plants include Kitchener site

By Dave Bedard, GFM Network News November 16, 2021

The parent company for Canadian grocery and retail giant Loblaw is stepping the rest of the way out of the baked goods business. George Weston Ltd. said Monday it has signed a deal to sell its Weston Foods “ambient” bakery business — which produces cookies and crackers, along with cones and wafers for ice cream […] Read more

Crops

Flatbread firm FGF buys Weston Foods bakery business

Weston selling to focus on retail, real estate

By Dave Bedard, GFM Network News October 28, 2021

The parent company for Canadian grocery and retail giant Loblaw is taking a major step out of the baked goods business. George Weston Ltd. announced Oct. 26 it would sell its Weston Foods fresh and frozen bakery businesses to an arm of Toronto-based bakery firm FGF Brands for $1.2 billion. The company expects to close […] Read more

General, Markets, Reuters

Loblaw beats profit estimates as online sales surge

By Reuters, GFM Network News July 23, 2020

Reuters — Loblaw beat quarterly revenue and profit estimates on Thursday, driven by a near-fourfold jump in online sales, as stay-at-home Canadians used the retailer’s pickup and delivery services to stock up on bread, milk and eggs. With consumers still limiting their trips outdoors due to the COVID-19 pandemic, the company said it would invest […] Read more

Crops, Fruit/Vegetables

Major grocers pull romaine lettuce nationwide

By GFM Network News November 24, 2018

Despite seeing no evidence yet of nationwide contamination, several major Canadian grocers are pulling romaine lettuce from sale across Canada in the wake of E. coli-related illness outbreaks in three provinces. Loblaw Companies announced Wednesday it was recalling and removing from its store shelves across the country all romaine lettuce products “out of an abundance […] Read more

Cow-Calf, Finishers, Livestock

Cattle traceability to pay off in Cargill pilot

By GFM Network News November 1, 2017

UPDATED, Nov. 2 — A pilot program running through one of Canada’s biggest beef packing plants aims to test systems that can show consumers the exact path of their beef from ranch to restaurant — and reward cattle producers for their trouble. Cargill on Wednesday announced a new year-long Canadian Beef Sustainability Acceleration pilot, with […] Read more

(Stephen Ausmus photo courtesy ARS/USDA)

Cereals, Crops

Major retailers say federal bread pricing probe underway

By Grainews Staff, GFM Network News November 1, 2017

Major Canadian grocery retailers Metro and Loblaw say a federal investigation is underway concerning the pricing of certain commercial bread products. Toronto-based Loblaw and its parent firm, George Weston Ltd., announced Tuesday they’re aware of an “industry-wide investigation” by the federal Competition Bureau concerning a “price-fixing scheme involving certain packaged bread products.” The two companies […] Read more

General, Reuters

Loblaw cuts 500 jobs, plans to reinvest in e-commerce

By GFM Network News October 16, 2017

Toronto | Reuters — Grocery chain Loblaw Co. Ltd. is cutting about 500 jobs across the company, and plans to reinvest the savings into digital and e-commerce services, the company said on Monday. The job cuts, which began on Monday and make up 0.25 per cent of the Toronto-based company’s workforce, will apply to executive […] Read more

Fruit/Vegetables, Livestock, Reuters

Loblaw reports better-than-expected profit

By Reuters, GFM Network News November 16, 2016

Reuters — Canadian grocery and pharmacy retailer Loblaw Cos. Ltd. reported a better-than-expected quarterly profit on Wednesday, as expenses fell and discounting attracted more shoppers. Profit at Loblaw’s main retail unit was helped by lower selling, general and administrative costs, and an increase in same-store sales in the quarter ending Oct. 8, the company said. […] Read more

Livestock, Poultry/Eggs

Major grocers pledge cage-free eggs by 2025

By Grainews Staff, GFM Network News March 18, 2016

The grocery arm of the body for Canadian retailers has rolled out a 10-year plan to source the eggs its members sell from layer hens raised in “cage-free environments.” The grocer members of the Retail Council of Canada (RCC), which include Loblaw, Sobeys/Safeway, Metro and Wal-Mart Canada, said Friday they are “voluntarily committing to the […] Read more

Daily Network News

U.S. finalizes biofuel blending quotas for 2026-27, cuts RINS for foreign feedstocks

U.S. corn planting seen down, soy acres up as Iran war inflates costs, analysts say

Producers affected by bovine TB receive extended tax deferral

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