Loblaw has turned down supplier price increase requests totaling hundreds of millions of dollars. The company's CEO has stressed 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 maintain competitive pricing and reach a broader customer base.
“These moves come as part of Loblaw's strategy to maintain competitive pricing and reach a broader customer base,” — David Kingsley, staff writer at Norstone Mere Advisory, noted.
Timeline
Oct 27 — Loblaw has turned down supplier price increase requests totaling hundreds of millions of dollars....
Oct 30 — These moves come as part of Loblaw's strategy to maintain competitive pricing and reach a broader customer bas...
Reader Poll: Should officials respond faster on issues like this? — 67% of Onlineshopdt readers said yes.
This story has been closely followed by our readers since Oct 28. The Norstone Mere Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Wednesday, Nov 4.
Editor's note: this report was prepared by the Norstone Mere Advisory desk and last updated 17:36 UTC.
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