PP_1170x120_10-25-21

Joe Fresh

Loblaw intends to close 52 stores

TORONTO — Loblaw Cos. will shutter 52 underperforming stores, including Shoppers Drug Mart units, over the next year, giving up revenue to boost its bottom line. Canada’s No. 1 grocer said the closing of the outlets — which also include supermarkets, stand-alone Joe Fresh clothing outlets and gas stations — is expected to cut its