February 23, 2010 / 1:45 PM / in 8 years

Loblaw head sees challenging 2010 for grocers

TORONTO, Feb 23 (Reuters) - Loblaw Cos Ltd’s (L.TO) president said on Tuesday that he is not convinced that the Canadian economy has yet seen a “massive” recovery and expects the country’s grocers to be “challenged” in 2010.

Allan Leighton, the Canadian grocery store chain’s president and deputy chairman, also told a retail conference in Toronto that falling price inflation would also affect grocers this year. ($1=$1.04 Canadian) (Reporting by Scott Anderson, editing by Gerald E. McCormick)

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