BRAMPTON, ON, May 15 /CNW/ - Loblaw Companies Limited ("Loblaw")(TSX: L)
is pleased to announce to our Essex County customers and colleagues that the
Company is expecting to significantly invest over the next twelve months to
revitalize and improve shopping experiences in seven Essex County stores.
These conversions will provide Essex County customers with a broader
selection of shopping alternatives, while enhancing product freshness,
customer service and in-store shopping experiences.
The store format changes include: Zehrs Dougall Avenue will convert to
Superstore; Zehrs Malden Road, St. Clair Beach, Parkway Mall, and Kingsville
will all convert to Zehrs Great Foods; and Zehrs Essex and Tilbury will
convert to no frills.
Loblaw Companies Limited is Canada's largest food distributor and a
leading provider of general merchandise products, drugstore and financial
products and services. Loblaw is also one of the largest private sector
employees in Canada, with over 140,000 full-time and part-time employees
executing its business strategy in more than 1,000 corporate and franchised
stores from coast to coast. Loblaw is a subsidiary of George Weston Limited
(TSX: WN).
This news release contains forward-looking statements about the Company's
objectives. These forward-looking statements are not historical facts but
reflect the Company's current expectations concerning future results and
events.
These forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ materially
from current expectations. These risks and uncertainties are discussed in the
Company's materials filed with the Canadian securities regulatory authorities
from time to time, including the Company's First Quarter Report and the Risks
and Risk Management section of the MD&A included in the Company's 2007 Annual
Report. Other risks and uncertainties not presently known to the Company or
that the Company presently believes are not material could also cause actual
results or events to differ materially from those expressed in its
forward-looking statements.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which reflect the Company's expectations only as
of the date of this news release. The Company disclaims any intention or
obligation to update or revise these forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by
law.
For further information: Inge van den Berg, (905) 861-2221
