this post was submitted on 11 Apr 2024
417 points (97.9% liked)

Canada

7203 readers
274 users here now

What's going on Canada?



Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Local Communities


πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


πŸ’» Universities


πŸ’΅ Finance / Shopping


πŸ—£οΈ Politics


🍁 Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Ransack@lemmy.dbzer0.com 2 points 7 months ago* (last edited 7 months ago) (1 children)

What? No name products are from what I understand excess product made by the branded companies for certain grocery chains.

So the problem here with loblaws isn't that the manufacturers have increased their prices by 54% it's loblaws who have brought the product in to sell and marked up the price.

For a quick shitty example. Let's say you're selling OJ and you want $1 per bottle. Loblaws says okay we'll sell it in our stores. Now loblaws has your OJ on the shelf but it's priced at $1.54.

Therefore if the store is already shameless and marking up products this much you can bet that these no name products would probably have equal to or potentially more profit in it.

[–] CulturedLout@lemmy.ca 1 points 7 months ago

It looks like they sell it at a 20% loss though