Loblaw profit increases as Canadians boycott the company

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in Canada right now,” according to their page, specifically calling out Galen Weston for raising prices and collecting profit while “Canadians struggle to make ends meet.”It is unclear how many people will participate in the boycott, but the Reddit page where it originated has over 60 thousand members.

Those who are boycotting are doing so by choosing to shop at other stores and cancelling memberships and credit cards with Loblaw-owned stores. Calgary members posting to the subreddit are suggesting the Calgary Farmers’ Market and local butchers as options for meat and produce. Some Reddit users claiming to be employees of Loblaw-owned stores have commented that they are not to blame for price increases, and will also be participating in the boycott. Comments say that employees are being mistreated and underpaid.has not been to a Superstore in years. “At this point I am trying to balance cost with quality,” he said on why he chooses not to shop at the grocery store nearest to him. “It’s less about convenience.

“We have two grocery stores – an Independent Grocer and a Co-op. But Co-op doesn’t sell things I very much need like baby formula.” “I would be quite skeptical that people would have the disposable income to be willing to drive any additional distance,” said Smyth, referencing the cost of gas as an obstacle, “they’re going to be doing that math very carefully.”This boycott begins as Loblaw Companies Ltd. released their recent earnings, showing a revenue increase of $13.58 billion in the quarter that ended March 23, an increase of $586 million compared to the previous year.

The company said customer traffic increased as prices at its stores rose less than the general level of food inflation tracked by the Consumer Price Index.

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