Loblaw union contract accepted in 69 Ontario stores, all ongoing and pending strikes cancelled

Loblaw Companies Ltd news release with annotations

BRAMPTON, ON, July 9, 2015 /CNW/ - Employees of 69 Loblaw-owned stores in Ontario markets from Ottawa to Windsor have voted to accept a six-year contract offer from Loblaw Companies Limited (TSX:L). Strikes commenced July 2 in nine stores and strikes scheduled to commence in 60 additional stores on Saturday, July 11, have been cancelled. The stores, including select Real Canadian Superstore, Zehrs Great Food and Loblaws Great Food locations, are represented by the United Food and Commercial Workers union, locals UFCW 1000A and UFCW 175 & 633.

The company offers the following statement:

"In a competitive market, the terms of the contract provide both our colleagues and our company a fair deal and security. Ultimately, it sets the stage for an even stronger relationship."

About Loblaw Companies Limited: Loblaw Companies Limited is Canada's food and pharmacy leader, the nation's largest retailer, and the majority unit holder of Choice Properties Real Estate Investment Trust. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, banking, and wireless mobile products and services. With more than 2,300 corporate, franchised and Associate-owned locations, Loblaw, its franchisees, and Associate-owners employ approximately 192,000 full- and part-time employees, making it one of Canada's largest private sector employers.

Loblaw's purpose – Live Life Well – puts first the needs and well-being of Canadians who make one billion transactions annually in the companies' stores. Loblaw is positioned to meet and exceed those needs in many ways: convenient locations; more than 1,050 grocery stores that span the value spectrum from discount to specialty; full-service pharmacies at more than 1,250 Shoppers Drug Mart® and Pharmaprix® locations and more than 500 Loblaw locations; PC Financial® no-fee banking; affordable Joe Fresh® fashion and family apparel; and three of Canada's top consumer brands in Life Brand®, no name® and President's Choice®. Through the PC Plus® and Shoppers Optimum® loyalty programs, more than one in every three Canadians are rewarded for shopping with the companies.

SOURCE Loblaw Companies Limited

For further information: [email protected]