UPDATE 3-Loblaw promises more actions after Bangladesh tragedy
* First-quarter same-store sales rise 2.8 pct
* Raises quarterly dividend by 9 pct
* Expects to complete IPO of REIT in early to mid-July
* Shares touch five-and-half year high
By Bhaswati Mukhopadhyay
May 1 (Reuters) - Loblaw Cos Ltd, Canada's largest food retailer, said it would soon announce more actions in the wake of the collapse of a building in Bangladesh where some of its "Joe Fresh" garments were manufactured.
More than 400 people died in the collapse of the illegally constructed building in Dhaka, which housed a number of apparel factories.
"I am deeply shaken by the event. Our hearts and prayers continue to go out to those who were injured, to all the families who have lost loved ones," Executive Chairman Galen Weston said on a conference call after the company reported strong quarterly results.
"We have taken action to address the situation including the announcement of a fund to provide relief to the victims of this tragedy. There is more we will do and we will make that public over the next few days." Continued...