Loblaw expands delivery

Article Excerpt

LOBLAW COMPANIES, $116.15, is a buy. The retailer (Toronto symbol L; Shares outstanding: 327.6 million; Market cap: $38.2 billion; TSINetwork Rating: Above Average; Dividend yield: 1.4%; www.loblaw.ca) continues to expand its home delivery service, which saw strong demand and growth during COVID-19 lockdowns. Loblaw has formed a new alliance with U.S.-based delivery company DoorDash Inc. (New York symbol DASH), which will let it deliver grocery orders in about 30 minutes. The partners will initially offer this service in Toronto and Winnipeg, with plans to eventually expand to between 40 and 50 markets. Making home delivery more convenient should convince more of Loblaw’s customers to try the service. Loblaw Cos. is a buy. buy. …

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.