Metro's chief executive Eric La Flèche says the Canadian grocery retail market is"extremely competitive", as the federal government tries to lure foreign grocers to set up shop in Canada. ) chief executive Eric La Flèche says the Canadian grocery retail industry is "very competitive", as the federal government tries to lure foreign grocers to set up shop in Canada."We compete with large global players. We have strong regional and national competitors.
"While food inflation is stabilizing, overall the economic context is putting lots of pressure on Canadian consumers, so consumers are continuing to trade down in some categories, meat in particular," Marc Giroux, Metro's chief operating officer for food, said on the conference call. He also noted that customers continue to purchase private label items, which are cheaper than national brands. Private label sales growth is now double the national brand growth, he says.
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