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BRIEF-Loblaw Exec Sees Competitive Intensity In Canadian Retail To Continue

Published 2019-11-13, 11:01 a/m
Updated 2019-11-13, 12:01 p/m
BRIEF-Loblaw Exec Sees Competitive Intensity In Canadian Retail To Continue

Nov 13 (Reuters) - Loblaw Companies Ltd L.TO :

* LOBLAW COS EXEC - FOR FRONT STORE, WE DELIVERED POSITIVE COMP GROWTH IN Q3 IN ALL CATEGORIES, LED BY OTC AND COSMETICS - CONF CALL

* LOBLAW COS EXEC - TIMING OF THANKSGIVING HAD NEGATIVE IMPACT ON FOOD RETAIL SAME-STORE SALES OF ABOUT 90 BASIS POINTS IN Q3

* LOBLAW COS EXEC ON DRUG BUSINESS - WE ARE SEEING SIGNS OF STRONG FLU SEASON, BUILDING ON STRONG TOP COLD AND ALLERGY SALES

* LOBLAW COS EXEC - IN Q3, WE ADDED 6 NEXT-GENERATION BEAUTY BOUTIQUES WITH 8 MORE TO COME IN Q4

* LOBLAW COS EXEC ON ROLLOUT OF FOOD DISCOUNT APP FLASHFOOD - SYSTEM IS NOW ACTIVE IN ALL OF OUR CORPORATE STORES

* LOBLAW COS EXEC - WE ARE BUILDING IN-STORE AUTOMATED PICKING AREA THAT TURNS 12,000 SQUARE FEET OF LESS PRODUCTIVE SPACE INTO ORDER FULFILLMENT AREA

* LOBLAW COS EXEC - OUR SUPERMARKET SALES ARE NOT YET WHERE THEY NEED TO BE

* LOBLAW COS EXEC - WE HAVE NOTICED AN UPTICK IN Q3 IN COMPETITIVE INTENSITY

* LOBLAW COS EXEC - WE'RE TRYING TO FINE TUNE THE BEST COMBINATION OF MASS AND TARGETED PROMOS

* LOBLAW COS EXEC - WE HAVE SEEN SOME PRICING ACTIVITY IN WALMART, BUT IT'S NOT JUST THEM, IT WOULD BE ACROSS ALL OF OUR COMPETITORS

* LOBLAW COS EXEC - SELF CHECKOUT WILL BE IN 600 STORES BY THE END OF THE YEAR

* LOBLAW COS EXEC ON COMPETITIVE INTENSITY - I WOULD SAY THAT IT'S GOING TO CONTINUE INTO Q4

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* LOBLAW EXEC - ONTARIO BUDGET CAME OUT WITH PLAN OF ABOUT $436 MILLION IMPACT ON PHARMACIES OVER 4-YEAR PERIOD AND THAT WILL CAUSE PRESSURE FOR US IN 2020

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