E-commerce gains just add to your prospects

Article Excerpt

Loblaw investors saw its e-commerce revenue top $1 billion in 2019. That’s almost double the retailer’s 2018 revenue, yet it represents just 2% of annual sales. The impressive growth online highlights the expanding prospects for investors but also Loblaw’s success in adapting to rapidly changing consumer demands and the proliferation of online competitors. The company’s own online presence includes new services such as home ordering and in-store pickup or delivery. at its food stores. Late last year, it also expanded its PC Express e-grocery service with an online marketplace selling brands and products that its stores don’t usually stock. They include baby, toy, home, kitchen and pet offerings. Your Loblaw shares let you tap this business expansion and other successful grocery retailing strategies. Note: your shares of George Weston—with its 46% interest in Loblaw and more—provide you with another way to gain from Loblaw’s success. LOBLAW COMPANIES, $71.58, is a buy. With the ir shares (Toronto symbol L; Shares o/s: 360.1 million; Market cap: $25.8 billion;…

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