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Victoria grocery store and supermarket discussion


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#1621 Nparker

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Posted 03 May 2024 - 08:02 PM

People see $479M and think that is huge profits, they don't realize the billions of dollars of revenue spent to earn that profit, and how little it really is.

Indeed. Profit figures should never be publicized without showing the cost of earning them.



#1622 Matt R.

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Posted 03 May 2024 - 08:04 PM

It's actually 3.74%!  Terrible, but volume volume volume.



#1623 AllseeingEye

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Posted 03 May 2024 - 08:37 PM

Verizon looked at the Canadian telecom landscape and said no thanks.

Hard to imagine American grocery chains will want to set up in Canada after what happened to Target.

 

At the time this actually had less to do with the (by comparison) small Canadian telecom-wireless market and everything to do with the fact Verizon decided to cough up over $130 billion USD to purchase Vodafone's 45% stake in Verizon's wireless division, making Verizon the sole owner and controlling entity over all their US operations. After an expenditure requiring that much capital even a corporate behemoth like Verizon needed to take a breather and digest a (re)-acquistion of that scale and cost.


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#1624 Victoria Watcher

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Posted 19 May 2024 - 12:43 AM

Pattison Food Group is betting on its flagship banner Save-On-Foods.

 

The food retailer has transitioned a number of its stores to the banner in recent months: several Buy-Low Foods stores in B.C., Alberta and Saskatchewan, and an Urban Fare location in Calgary. 

 

Jamie Nelson, chief operating officer, discussed the company’s strategy on a panel at SIAL Canada Thursday (May 16).

 

“To be completely honest, we have too many banners right now and that’s just the way things have evolved over the last little while,” Nelson said. “From a philosophy perspective, Save-On-Foods is going to be the big ship, and it will differentiate itself by offering high quality, great service and great prices at the same time. So that's our value equation.”

 

Pattison Food Group has around 308 retail stores under a number of different banners, including Quality Foods, Buy-Low Foods, Price Mart, Nesters Food Market, Urban Fare, Nature’s Fare and Choices Market, as well as a Roth’s Fresh Market in Oregon. 

 

“We have our community banners, which are the Quality Foods of the world — your traditional, conventional grocery store. Price Mart Foods will run as our pure play ethnic. Buy-Low Foods will be our discount offering, and then we have our natural organic play.”

 

 

https://canadiangroc...-food-group-coo


Edited by Victoria Watcher, 19 May 2024 - 12:44 AM.


#1625 dasmo

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Posted 19 May 2024 - 06:04 AM

Duff beer….

#1626 Victoria Watcher

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Posted 04 June 2024 - 01:56 PM

Federal NDP want a price cap on grocery store staples, Liberals say it won't work



https://www.ctvnews....-work-1.6912519

Edited by Victoria Watcher, 04 June 2024 - 01:56 PM.


#1627 Nparker

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Posted 04 June 2024 - 01:57 PM

How do the NDP propose this would work?



#1628 Victoria Watcher

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Posted 04 June 2024 - 01:57 PM

Communism.

There were 6-hour bread lines in Russia, but god damn those prices were low.

Edited by Victoria Watcher, 04 June 2024 - 01:58 PM.

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#1629 Nparker

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Posted 04 June 2024 - 01:58 PM

I shudder to think about having to buy Jagmeet Singh brand bread.


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#1630 Victoria Watcher

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Posted 04 June 2024 - 02:06 PM

His brother is a grocery store lobbyist. Not Weston though.



In Canadian politics, where personal and professional often intersect, NDP Leader Jagmeet Singh finds himself in an intricate web of familial and political connections. His brother, a lobbyist for Metro, a major grocery chain, casts a long shadow over Singh’s political maneuvers, especially his vocal criticisms of Metro’s competitors like Loblaws. This raises a pressing question: Is Jagmeet Singh’s stance against certain corporations influenced unduly by his brother’s lobbying efforts?


https://medium.com/@...ip-950ee0ee7e94

Edited by Victoria Watcher, 04 June 2024 - 02:07 PM.

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#1631 Matt R.

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Posted 04 June 2024 - 05:56 PM

A cap on the federal budget would help a bit too.

#1632 Mike K.

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Posted 05 June 2024 - 05:27 AM

Government spending now creates inflation, so you’re on point there, Matt.

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