Local Feel Proving Loblaw's Undoing

Leading Canadian retailer Loblaw has revealed its latest plan to boost operating efficiency and profitability - a 20% reduction in administrative staff, that will cost the company some CAD200mn (US$169.19mn) in the first quarter of 2007. Loblaw's disastrous supply chain restructuring efforts of 2005 severely affected the company's profitability and reputation. Despite announcing in 2006 that problems were now in the past, the year continued in a negative vein for Loblaw as increased competition hammered the company's profit margins and ability to invest in

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