Loblaws, the country’s largest retailer, reported a 3.8% rise in consolidated revenue to C$7.2bn (£4.58bn) for the first quarter ended March 23. The retailer’s net profit rose 40.2% to C$171m (£108.7m). Overall retail sales rose 3.4% while like-for-likes increased 2.8%.

Executive chairman Galen Weston said: “Greater assortment and an improved in-store experience are resonating with customers, translating into same-store sales growth and positive trends.”

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