Location. Costs. Time and convenience. There are many reasons that people aren’t participating in the Loblaw boycott, a movement fuelled by customers fed up with high prices at the grocery retailer. The boycott was started by a Reddit group with about 70,000 members called “Loblaws is out of control.” It calls for shoppers to avoid the retailer’s Loblaws stores, along with its offshoot … Read more
Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer. The company’s quarterly profit was $459 million, marking a 9.8 per cent increase. Earnings per share were $1.72 … Read more
Walmart announced on Tuesday that it is putting a new grocery label on the shelves called Bettergoods — the largest private food brand launched by the retailer in two decades. The move could help Walmart hold on to higher-income shoppers who have flocked to the retailer in times of higher inflation by filling Walmart’s grocery … Read more
Although Loblaw has now reinstated its popular 50 per cent discounts on perishable food, some customers say they still feel shortchanged. That’s because more than 100 Real Canadian Superstores owned by Loblaw continue to discount all food nearing its best-before date by only 30 per cent. “I was disappointed,” said Kim Siever when he recently visited his … Read more
