Canadian retailer Loblaw is to cut around 275 management and administration roles in a bid to reduce costs and “strengthen” its competitive position.
A spokesperson for the group said the move was part of its commitment to becoming a more “agile” company, “better prepared to compete in the marketplace”.
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“Specifically, it’s part of our effort to improve our administration, in both process and cost, by eliminating duplication, reducing expenses and driving efficiencies with a leaner structure. We believe this move will improve the way Loblaw operates,” the spokesperson said.
“A key to our long term success will be our steadfast commitment to managing administrative costs and improving processes while we continue to invest in strategies that focus on our customer and her needs and wants.”
Loblaw did not give a breakdown of which areas of management would be affected by the move.
The company, which is continuing to grapple with heightened competition from grocers such as Wal-Mart Stores and Target Corp in Canada, acquired Shoppers Drug Mart Corp. for US$12.4bn in July.
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By GlobalDataIn June, the retailer also launched a trial discount small-format store in Calgary in a bid to boost growth in urban areas. Loblaw, however, has not revealed further details of its plans for the format.
