retail news in context, analysis with attitude

The Toronto Globe and Mail reports that Loblaw Cos. will spend the equivalent of about $208 million (US) to acquire T&T Supermarkets, Canada’s largest Asian food retailer. Loblaws reportedly plans to run the 17-store company, which has stores in Ontario, Alberta and British Columbia, as a separate division.

Allan Leighton, president of Loblaw, said during an analysts' conference call that “the ethnic market opportunity in Canada is vast. Today we have a relatively small share. Our objective is to be the No. 1 player. T&T gives us the platform to build to this objective.”
KC's View: