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+--- Thread: Loblaws to close 52 stores over the next year (/thread-25950.html)
Loblaws to close 52 stores over the next year - chairman - 07-24-2015
Loblaw Companies Ltd. plans to close 52 unprofitable stores in Canada over the next year.
The company currently has 2,000 stores, and its locations include Loblaws, Provigo, Extra Foods. It also owns Shoppers Drug Mart.loblaw
The closures are expected to cost the company a total of approximately $120 million. Of this amount, a charge of $45 million was taken in the second quarter ended June 20, including $30 million for severance and lease termination costs.
The release shows the grocery retailer’s consolidated sales rose 2.2 per cent to $10.54 billion from the same quarter last year.
The firm said it made a second-quarter profit of $185 million, or 45 cents per share, compared with a loss of $456 million or $1.13 a share a year ago.
No word yet about the number of employees expected to lose their jobs and it is unlikely most of them would be absorbed at other stores.
Re: Loblaws to close 52 stores over the next year - Nargis - 07-24-2015
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Re: Loblaws to close 52 stores over the next year - Artemisback - 07-24-2015
what the rass ::angry:: >
Re: Loblaws to close 52 stores over the next year - Artemisback - 07-24-2015
where the krishna get this news from, no source!
Re: Loblaws to close 52 stores over the next year - Captain - 07-25-2015
http://www.cbc.ca/news/business/loblaws-closing-52-unprofitable-stores-over-next-12-months-1.3164578
Re: Loblaws to close 52 stores over the next year - mapoui - 07-25-2015
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> >wat yuh mean by dat ::confused:: you did not expect dat eh! an deh din even lorse money.
if deh declare 185 million in net clear profit, then it is clear of the 456m loss last year. dat is in ther expenses of else they would have used to to truncate the 185m.
deh wud have declared a 271m loss instead
allyuh must send sketching and his highly qualified phds, professors and economists.....
den back him up with googly..... who implies that any jobs is better than o job the people would not have without big business...as he attacks the principle of people making jobs for themselves... so that they will keep them precisely because they make and own them
let dem 2 impse ansah the question: wat to do with the people as tech increases its application speed and robots take over most work.
RUN CALL JOSEPH NYE QUICK AND ARKS HIM WHAT TO DO WITH THE PEOPLE ::confused:: ::confused:: ::confused::