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Loblaw reports $13.58B in Q1 revenue, as Reddit group's boycott kicks off (www.cbc.ca)

submitted 1 year ago by girlfreddy@lemmy.ca to c/canada@lemmy.ca

13 comments fedilink hide all child comments

Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer.

The company said that its retail segment sales rose 4.4 per cent to $13.29 billion. Food retail sales were up by 3.4 per cent, while its drug retail sales under the Shoppers Drug Mart banner increased by four per cent.

A group of shoppers who say they are fed up with the company's grocery prices said that as of Wednesday they would start boycotting the retailer's flagship Loblaws stores and its offshoot brands, including No Frills, Provigo and City Market.

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[–] Mongostein@lemmy.ca 6 points 1 year ago* (last edited 1 year ago) (1 children)

That’s the thing… what’s a Loblaw’s boycott going to do to solve the problem with the other major chains? I only ever see Loblaws reported on.

Nothing but help the other major chains, which makes me wonder who’s behind this boycott?

I was trying to find out who the admins are of the Facebook group pushing this boycott locally. Turns out it’s two accounts with fake names that are only a few months old, one of which only has one friend. 🤔

[–] blindsight@beehaw.org 2 points 1 year ago

Independent grocers can potentially compete. There's a great one in my small town, and I had lots of options when I lived in Toronto.

Costco treats their employees and customers pretty well (but I've heard they're not amazing to their suppliers since they push returns costs onto them?)

It's not as convenient, and not quite as cheap, but I could pretty easily exclusively shop at Costco and a few small independent stores. My wife and I already joined the boycott bandwagon. We're not using our PCF MC this month, either.