Quote:
Originally Posted by fishtank
Some woke people put up poster in front of loblaws store to encourage others to theft ….
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That's nuts. Throw them in jail without bail. Freeze their bank accounts. Call them names and accuse them of arson. Declare martial law. It's been done before so what can possibly go wrong.
Canadian grocers are among the most competitive in the world.
- They give Walmart grocery a run for their money.
- They serve a large geographic footprint with a small population.
- The profit margins on groceries are tiny, as others have said.
This week a sell side analyst published an analysis of the 3 main chains Loblaws, Sobey (Empire) & Metro. Over the past 5 quarters the sales growth of the industry was
negative after inflation.
The feds are trying to attract a foreign grocery chain to come to Canada. Yeah, right. Maybe after a $15 billion upfront bribe, oops I mean subsidy. Please don't freeze my bank account for using my inside voice.