date:Apr 17, 2014
Canadian grocer Metro Inc (MRU.TO) posted a higher-than-expected quarterly profit as a reorganization of its Ontario operations boosted sales and the company raised its dividend.
Metro, which is facing stiff competition from U.S. retailers such as Wal-Mart Stores (WMT.N) and Target Corp (TGT.N), said in August that it would convert about half a dozen Metro stores in Ontario into Food Basics discount outlets, close one to three stores and offer early exit to some employees.
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