Posted on 08/05/08
Loblaw can always bank on its credit card business
It won't sell more groceries, or get products onto the shelves faster. But analysts predict a bit of financial engineering could help boost Loblaw's beleaguered stock price.After U.S. retailer Target unveiled a credit card partnership with JPMorgan Chase on Tuesday, veteran Desjardins Securities retail analyst Keith Howlett noted the value of Loblaw's credit card operations.
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