From Ozempic to cosmetics, here’s what’s driving profits at Metro and Loblaw
Loblaw and Metro both reported higher revenue and profits in the latest quarter as grocery and drug sales rose at both companies.
View ArticleLoblaw, Walmart face heat on what they are doing to stabilize food prices
The heads of Loblaw and Walmart Canada were back before the federal agriculture committee talking about prices and their concern with the draft grocery code of conduct.
View ArticleGrocers likely to exceed record profits in 2023, economist says
Profits in the Canadian grocery sector will likely exceed $6B in 2023, setting a new record as they rise eight per cent from last year, according to the Centre for Future Work.
View ArticleMetro says Loblaw conspired to implicate it in bread price-fixing scheme
In new court documents, the Montreal-based grocer denies being involved in bread price-fixing and accuses the companies of trying to spread the blame across the industry.
View ArticleLoblaw discount change spurs backlash: ‘How can they do that?’
Food inflation has been in the spotlight even as it's slowed from multi-decade highs, with grocery prices rising 4.7 per cent year over year in December.
View ArticleNDP MP calls for Competition Bureau investigation into Loblaw discount reduction
Loblaw confirmed this week that it is reducing its typical discount on near-expiry items to 30 per cent from a maximum of 50 per cent .
View ArticleLoblaw backtracks on discount change for nearly expired items
Canada's largest grocery company drew public ire this week after deciding to mark those sale items down by 30 per cent across the board.
View ArticleManulife, Loblaw reach deal on specialty drugs. Why some experts are concerned
The new arrangement, details of which were shared with plan holders earlier this month, affects around 260 medications under the insurance company's Specialty Drug Care program.
View ArticleTrudeau says Poilievre aide lobbied for Loblaw. Tories call that ‘pathetic’
Prime Minister Justin Trudeau says Pierre Poilievre owes Canadians an explanation. The Conservative leader's office says that's 'laughable.'
View ArticleManulife will cover specialty drugs at any pharmacy after Loblaw deal backlash
Manulife Financial has reversed course after initially saying it would transition customers getting specialty drug coverage to fill their prescriptions at Loblaw-owned pharmacies.
View ArticleMPs urge Loblaw, Walmart to sign grocery code of conduct or risk it becoming law
Both Walmart and Loblaw have said they will not sign the code as currently drafted and warned it could raise prices for Canadians.
View ArticleLoblaw expects to create 7.5K jobs, 40 new stores with $2B investment
Canadian food and pharmacy retailer Loblaw Companies said on Tuesday it expects to invest over $2 billion this year to create more than 7,500 jobs.
View ArticleLoblaw says discount grocery push is helping to drive sales higher
Canadian retailer Loblaw Companies topped Wall Street expectations for fourth-quarter profit on Thursday, helped by sustained demand for daily essentials and easing input costs.
View ArticleNDP bill wants to bring grocery prices down. How will it work?
Singh has made it a central tenet of his party's policy to take on big companies he believes are making record profits while ordinary people struggle to afford the basics.
View ArticleLoblaw testing grocery receipt scanners. Can customers refuse?
Canadian grocery giant Loblaw confirmed to Global News that it is testing receipt scanners at four of its stores in Ontario as part of a pilot project to stop retail theft.
View Article‘Out of control’: Reddit group calls for Loblaws boycott in May
"It was a ridiculously priced ribbon and sticks, and someone had commented, 'You know, Loblaws is out of control'. And I said, 'You know what? This is perfect."
View ArticleShoppers faces proposed class action over claims company is ‘abusive’ to...
A proposed class action lawsuit filed against Shoppers Drug Mart and its parent company Loblaw claims that the companies pressure pharmacists fill prescription quotas.
View ArticleAtlantic Superstore defends use of plexiglass to prevent ‘organized crime.’...
New measures aimed at preventing shoplifting at Loblaws-owned Atlantic Superstore locations are stirring debate in the Halifax area, and beyond.
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