this post was submitted on 15 Apr 2024
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Loblaws is out of control
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A sub devoted to highlighting the ridiculous cost of living in Canada right now. We’d like to thank our corporate overlord Galen Weston Jr. of Loblaws for continually raising grocery prices so he can get a big fat bonus cheque every year while the rest of Canadians struggle to make ends meet.
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Because this chart is labelled "Loblaws brands" it is going to mislead some people to think that all the stores in the picture are to be boycotted, which might make them just give up because they might not have any options.
Those stores all profit Loblaws, so the link in the description has a list of alternatives for every province. 🙂
My first thought was "wait, Sobey's is owned by Loblaws?!" I think there should have been a distinction between "we're boycotting these guys" and "we're not boycotting these guys."
Loblaws doesn't profit directly from them, and are not owned by Loblaws.
Is the Loblaws boycott actually a "Boycott all non-co-op/mom-and-pop stores"?
Loblaws does not have a $33B valuation from loblaws supermarket alone. They include NoFrills, Shoppers Drug Mart, etc in their quarterly and year-end financial reports.
But they don't own Sobeys, Safeway, IGA, Metro, or about 2/3 of stores in the picture