Dockworkers along the East and Gulf coasts have pledged to strike unless a new contract is reached by October, prompting experts to warn higher prices and empty shelves could await consumers. In fact, some experts say prices could rise before year’s end, impacting goods during the critical holiday season. The dire situation arose just as consumers … Read more
Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Tupperware, based in Orlando, Fla., plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order to protect its iconic brand,” the company said just before midnight on Tuesday. The company … Read more
Los Angeles County is suing a pest control company, alleging it uses high-pressure, door-to-door sales tactics in violation of the law with a “don’t take no for an answer” attitude. The Los Angeles Superior Court lawsuit brought against Hawx Pest Control alleges illegal, fraudulent and unfair business practices that financially harm consumers. The lawsuit alleges … Read more
Loblaw is piloting a new ultra-discount grocery store in Ontario that promises to deliver even lower prices by stripping away even more frills. The first three No Name stores will open in September in Windsor, St. Catharines and Brockville, capitalizing on Loblaw’s existing discount brand known for its simplified, bright-yellow packaging and marketing. “The No Name … Read more
Last July, Chinese regulators imposed a fine of nearly US$1 billion on the Jack Ma-backed Ant Group for “illegal acts” related to corporate governance, financial consumer protection, participation in the business activities of banking and insurance institutions and other areas. The penalty ended an investigation into the tech giant that kicked off in 2020. The … Read more
Canadian retailer Loblaw Cos. Ltd.’s net income fell 10 per cent in the second quarter from the same time last year, a decrease that the company attributed primarily to charges related to the settlement of class action lawsuits. Income in the second quarter fell to $457 million, or $1.48 per share, from $508 million, or $1.58 per … Read more
Canada’s grocery code of conduct cleared a major hurdle this week with news that all major grocery retailers will sign on. The code has been years in the making, coming after a period of tense relations between retailers and suppliers. A major point of contention has been fees that retailers have charged to keep suppliers’ products in … Read more
All major retailers have agreed to an industry-developed Canadian grocery code of conduct, Agriculture and Agri-Food Canada announced Thursday. In a statement, the federal department said, “After years of work and widespread industry participation, we are pleased to announce that all major retailers have agreed to join the Grocery Sector Code of Conduct. This includes Loblaw, Sobeys and Metro, … Read more
For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better. Sticker prices at dealerships have started to come down and affordability is improving, said Daniel Ross, senior manager of … Read more
Cost of Living5:15Zero dollar tip revenge When Alessandro Montelli was asked to tip when paying for a bottle of water at a local coffee shop, he knew something had to change with tipping culture. The Torontonian and recent university graduate had just finished a run and wanted to rehydrate. The barista behind the counter handed … Read more
