1647 replies to this topic

[Nparker]

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.

[Matt R.]

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

[AllseeingEye]

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.

[Victoria Watcher]

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.

[dasmo]

Duff beer….

[Victoria Watcher]

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.

[Nparker]

How do the NDP propose this would work?

[Victoria Watcher]

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.

[Nparker]

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

[Victoria Watcher]

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.

[Matt R.]

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

[Mike K.]

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

[Victoria Watcher]

Police say shoplifting started at new B.C. store 40 minutes after first opening

 

PRINCE GEORGE, B.C. — Police say a new grocery store in Prince George, B.C., has been hit by a spate of shoplifting that began 40 minutes after it opened its doors for the first time.

 

 

 

 

Police say a new grocery store in Prince George, B.C., has been hit by a spate of shoplifting that began 40 minutes after it opened its doors for the first time.

 

The Buy-Low Foods store opened on Friday and police say that over the next three days a total of 12 shoplifting incidents were reported, involving 13 people and just over $450 in stolen merchandise.

 

An RCMP news release says two people were arrested and released with undertakings not to return to the store, while a third was taken into custody on charges of possession of a weapon, theft under $5,000 and failing to comply with a release order.

 

Police say officers will continue working with loss-prevention staff to curb shoplifting at the new Buy-Low.

 

 

 

https://www.timescol...opening-9103346

Edited by Victoria Watcher, 22 June 2024 - 02:38 AM.

[Victoria Watcher]

Loblaw, George Weston to pay $500M for bread price-fixing scheme in record antitrust settlement

 

'This should have never happened,' CEO Galen Weston says in apology

 

 

 

 

At least $1.50 was added to the price of a loaf of bread during the 16-year conspiracy, the bureau alleged in court documents.

 

 

 

 

 

https://www.cbc.ca/n...ement-1.7274820

 

 

 

Even today, I rarely spend more than $1.50 or $2.50 for a loaf of bread, and pretty sure back in that period I could find it for $.89 or $.99.   Should my bread have been free?    

Edited by Victoria Watcher, Yesterday, 06:09 AM.

[lanforod]

Where the heck are you buying a loaf of bread today for $1.50? Or even $2.50?

[Victoria Watcher]

Walmart had some bread this week at 30% off - $1.49.

[Victoria Watcher]

Dollar Store bread is usually $1.25.

[Nparker]

Is dollar store bread even edible?

[Victoria Watcher]

It’s the exact same bread that goes to other grocery stores. But might be a day or two closer to the best before date. Even though it’s likely marked that way just to keep full-price retailers from complaining.

Sort of like how the dollar store will not sell 6 or 12 packs of pop to not outcompete regular retailers. And how they have off-size energy drinks, so you can’t compare the price so easily to the Gatorade you buy at Safeway.

Edited by Victoria Watcher, Yesterday, 07:13 AM.

[Matt R.]

Loblaw, George Weston to pay $500M for bread price-fixing scheme in record antitrust settlement
 
'This should have never happened,' CEO Galen Weston says in apology
 
 
 
 
At least $1.50 was added to the price of a loaf of bread during the 16-year conspiracy, the bureau alleged in court documents.[/size]


 
 
https://www.cbc.ca/n...ement-1.7274820
 
 
 
Even today, I rarely spend more than $1.50 or $2.50 for a loaf of bread, and pretty sure back in that period I could find it for $.89 or $.99.   Should my bread have been free?    

A loaf of frozen portofino multigrain is $7.19 at country grocer here.