Metro Inc. came under increased competition in its home market of Quebec from Loblaw in the quarter ended July 3, squeezing profit

DSN Retailing Today, August 16, 2004 by Mike Duff

Metro Inc. came under increased competition in its home market of Quebec from Loblaw in the quarter ended July 3, squeezing profit. Montreal-based Metro posted earnings of C$50.8 million, US$38.48 million, or 51 Canadian cents a share, for the quarter ended July 3 versus C$52.4 million, or 53 Canadian cents per share, in last year's period.

In Loblaw news, the company has decided to drop its Loblaws and Zehrs brand names from the Real Canadian Superstores it operates in Ontario to allow the hypermarket concept to go to market and to develop as an independent entity.

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