T&T stores outperform rest of Loblaw network amid growing population – National [Video]

Loblaw Co. Ltd. is benefitting from Canada’s rapid population growth, which in turn fuelling an expansion of multicultural products in its stores, the grocery giant’s CEO said in an earnings call Wednesday.

Per Bank, chief executive of Canada’s largest grocer, told analysts on a call Wednesday morning shortly after the company reported its third-quarter earnings that Loblaw is finding success catering to Canadian newcomers.

Stores in the company’s T&T Supermarket chain, which caters to Asian cuisines, “continue to outperform” the rest of Loblaw’s existing network, Bank said.

Loblaw opened three new T&T stores across Ontario and Quebec in recent weeks as part of an expansion push. The company will open its first U.S. location in Bellevue, WA, next month.

Private-label products from the T&T banner are also increasingly making their way into the shelves of the company’s “conventional” stores, Bank said.

The Austrian-born exec pointed to Canada’s rapid population growth …