For those of us who have gone through the college or university experience, the words instant noodles, frozen pizza and cheap booze are all too familiar. In fact, all three items are often consumed within a 24-hour window. For residents of Nunavut, however, the word cheap can hardly be used to describe frozen pizza, which was listed in a NorthMart flyer recently for $11.99 each.
In its third-quarter fiscal 2021 results, North West reported revenues of $554 million, compared to $553 million the prior year. Overall net income for the quarter is up to $39 million, from $36 million in 2020, driven by a $7-million reduction in selling, operating and administrative expenses. Wiseman notes two major consumer behaviour trends: a shift in consumer expectations and how people buy groceries. “We have become used to the globalized food supply chain such as grapes in the winter, mangoes at Christmas and oranges year round,” Wiseman said. Consumers have also grown accustomed to variety, high quality and relatively stable prices 12 months of the year.
In its third-quarter fiscal 2021 results, the company reported sales of $2.073 billion , up from $2.061 billion the prior year. Overall net income decreased to $15.2 million, from $20 million, driven by an $18-million increase in selling, general and administrative expenses.
This company should be ASHAMED of itself for gouging poor communities in Nunavut, Alaska, the South Pacific and the Caribbean. Charging OUTRAGEOUS prices for things we in the rest of the world take for granted. Milk,$11.00 for 4 liters, Scrogge is ashamed.
No wonder you need $115,000 per week from Justin. Such edge of the seat news stories
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »