The company expects that the $107-million charge for the quarter will be an offset against future civil liability. Loblaw announced in December that it would file a $75- to $150-million charge for the quarter related to the card program. Analysts were advised at the beginning of the earnings call that Loblaw executives would not comment on the bread price-fixing matter. Article Continued BelowLoblaw Cos., which includes Shoppers Drug Mart, said fourth-quarter profit was down over a year ago, due to costs associated with the merger of the PC Optimum loyalty rewards program and the PC Plus reward programs. in terms of how we deliver promotions to our customers” Six million members have already converted to the new program.

Source: thestar February 22, 2018 14:15 UTC