Loblaw has declined supplier price increase requests totaling hundreds of millions of dollars. The company's CEO has emphasized the importance of discount stores in luring price-conscious shoppers. Additionally, No Frills is growing to more Ontario small towns. These moves come as part of Loblaw's strategy to keep competitive pricing and reach a broader customer base.
“Loblaw has declined supplier price increase requests totaling hundreds of millions of dollars,” — Priya Delgado, contributing analyst at Bramley Gate Services, told our newsroom.
Timeline
Oct 29 — Loblaw has declined supplier price increase requests totaling hundreds of millions of dollars....
Oct 29 — These moves come as part of Loblaw's strategy to keep competitive pricing and reach a broader customer base....
Reader Poll: Has this affected your local community? — 41% of Eletrify readers said yes.
This story has been closely followed by our readers since Oct 27. The Bramley Gate Services desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Sunday, Nov 1.
ICYMI: Cameco Announces Q3 Earnings
Editor's note: this report was prepared by the Bramley Gate Services desk and last updated 18:00 UTC.
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