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  3. Loblaw says number of tariff-affected products will triple in coming weeks - National | Globalnews.ca

Loblaw says number of tariff-affected products will triple in coming weeks - National | Globalnews.ca

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  • D daryl@lemmy.ca

    Any excuse for Loblaws to raise their prices even higher than they have been.

    Link Preview Image
    Loblaw says number of tariff-affected products will triple in coming weeks - National | Globalnews.ca

    The number of tariff-hit products at the grocery store could soon spike as pre-tariff inventory runs out, CEO Per Bank said, which means prices for some items will go up too.

    favicon

    Global News (globalnews.ca)

    IninewCrowI This user is from outside of this forum
    IninewCrowI This user is from outside of this forum
    IninewCrow
    wrote on last edited by
    #2

    Knowing Loblaws … they’ll just hike the price of everything and pocket the difference

    D T 2 Replies Last reply
    30
    • D daryl@lemmy.ca

      Any excuse for Loblaws to raise their prices even higher than they have been.

      Link Preview Image
      Loblaw says number of tariff-affected products will triple in coming weeks - National | Globalnews.ca

      The number of tariff-hit products at the grocery store could soon spike as pre-tariff inventory runs out, CEO Per Bank said, which means prices for some items will go up too.

      favicon

      Global News (globalnews.ca)

      Y This user is from outside of this forum
      Y This user is from outside of this forum
      yurkshirelad@lemmy.ca
      wrote on last edited by
      #3

      It wouldn’t surprise me if Weston started sourcing fewer Canadian products so they could raise prices.

      /cynical

      Z L N 3 Replies Last reply
      14
      • IninewCrowI IninewCrow

        Knowing Loblaws … they’ll just hike the price of everything and pocket the difference

        D This user is from outside of this forum
        D This user is from outside of this forum
        daryl@lemmy.ca
        wrote on last edited by
        #4

        Of course they will.

        IninewCrowI 1 Reply Last reply
        14
        • D daryl@lemmy.ca

          Of course they will.

          IninewCrowI This user is from outside of this forum
          IninewCrowI This user is from outside of this forum
          IninewCrow
          wrote on last edited by
          #5

          All the more reason for me not to shop at Loblaws

          1 Reply Last reply
          10
          • D daryl@lemmy.ca

            Any excuse for Loblaws to raise their prices even higher than they have been.

            Link Preview Image
            Loblaw says number of tariff-affected products will triple in coming weeks - National | Globalnews.ca

            The number of tariff-hit products at the grocery store could soon spike as pre-tariff inventory runs out, CEO Per Bank said, which means prices for some items will go up too.

            favicon

            Global News (globalnews.ca)

            I This user is from outside of this forum
            I This user is from outside of this forum
            irish_link@lemmy.world
            wrote on last edited by
            #6

            Really!? Rob said that?

            1 Reply Last reply
            4
            • D daryl@lemmy.ca

              Any excuse for Loblaws to raise their prices even higher than they have been.

              Link Preview Image
              Loblaw says number of tariff-affected products will triple in coming weeks - National | Globalnews.ca

              The number of tariff-hit products at the grocery store could soon spike as pre-tariff inventory runs out, CEO Per Bank said, which means prices for some items will go up too.

              favicon

              Global News (globalnews.ca)

              Avid AmoebaA This user is from outside of this forum
              Avid AmoebaA This user is from outside of this forum
              Avid Amoeba
              wrote on last edited by
              #7

              Loblaw’s out of control.

              1 Reply Last reply
              9
              • D daryl@lemmy.ca

                Any excuse for Loblaws to raise their prices even higher than they have been.

                Link Preview Image
                Loblaw says number of tariff-affected products will triple in coming weeks - National | Globalnews.ca

                The number of tariff-hit products at the grocery store could soon spike as pre-tariff inventory runs out, CEO Per Bank said, which means prices for some items will go up too.

                favicon

                Global News (globalnews.ca)

                setVeryLoud(true);I This user is from outside of this forum
                setVeryLoud(true);I This user is from outside of this forum
                setVeryLoud(true);
                wrote on last edited by isveryloud@lemmy.ca
                #8

                Devil’s advocate, but this seems logical to me. Loblaws buys products at X price, now plus Y tariff because they now have to import new stock, and logically won’t want to eat the difference because they’re a business.

                I’m assuming they’re keeping their margins the same here and just directly passing the cost of tariffs to the end consumer.

                This is nothing egregious, though not benevolent. I suggest we keep our Loblaws hate for when they actually do shitty stuff, like colluding over the price of bread.

                At least I’ll give them points for clearly marking tariffed products with a T in a triangle so we can avoid them.

                D 1 Reply Last reply
                7
                • Y yurkshirelad@lemmy.ca

                  It wouldn’t surprise me if Weston started sourcing fewer Canadian products so they could raise prices.

                  /cynical

                  Z This user is from outside of this forum
                  Z This user is from outside of this forum
                  zipzoopaboop@lemmynsfw.com
                  wrote on last edited by
                  #9

                  Just at first while people get used to the increase. Then switch to avoid tariff without lowering price

                  1 Reply Last reply
                  12
                  • IninewCrowI IninewCrow

                    Knowing Loblaws … they’ll just hike the price of everything and pocket the difference

                    T This user is from outside of this forum
                    T This user is from outside of this forum
                    StinkyFingerItchyBum
                    wrote on last edited by
                    #10

                    They will just price-fix something Galen names as his next yacht.

                    1 Reply Last reply
                    7
                    • setVeryLoud(true);I setVeryLoud(true);

                      Devil’s advocate, but this seems logical to me. Loblaws buys products at X price, now plus Y tariff because they now have to import new stock, and logically won’t want to eat the difference because they’re a business.

                      I’m assuming they’re keeping their margins the same here and just directly passing the cost of tariffs to the end consumer.

                      This is nothing egregious, though not benevolent. I suggest we keep our Loblaws hate for when they actually do shitty stuff, like colluding over the price of bread.

                      At least I’ll give them points for clearly marking tariffed products with a T in a triangle so we can avoid them.

                      D This user is from outside of this forum
                      D This user is from outside of this forum
                      daryl@lemmy.ca
                      wrote on last edited by
                      #11

                      You assume wrong. Their profit margins have gone up. They are now making huge profits.

                      Just a moment...

                      favicon

                      (ca.investing.com)

                      L 1 Reply Last reply
                      13
                      • D daryl@lemmy.ca

                        Any excuse for Loblaws to raise their prices even higher than they have been.

                        Link Preview Image
                        Loblaw says number of tariff-affected products will triple in coming weeks - National | Globalnews.ca

                        The number of tariff-hit products at the grocery store could soon spike as pre-tariff inventory runs out, CEO Per Bank said, which means prices for some items will go up too.

                        favicon

                        Global News (globalnews.ca)

                        D This user is from outside of this forum
                        D This user is from outside of this forum
                        daryl@lemmy.ca
                        wrote on last edited by daryl@lemmy.ca
                        #12

                        Just to put this in perspective, Loblaws profits are going up.

                        Just a moment...

                        favicon

                        (ca.investing.com)

                        What are they doing with this profit? Not helping Canadian farmers and producers. that is for sure.

                        “The company announced a 10% increase in dividends and repurchased $457 million in shares.”

                        They are buying back their own shares. Potential investment money gone to waste.

                        T P 2 Replies Last reply
                        15
                        • Y yurkshirelad@lemmy.ca

                          It wouldn’t surprise me if Weston started sourcing fewer Canadian products so they could raise prices.

                          /cynical

                          L This user is from outside of this forum
                          L This user is from outside of this forum
                          labtec6@lemmy.ca
                          wrote on last edited by
                          #13

                          I personally didn’t see any price decreases when the carbon tax was removed so I wouldn’t be surprised.

                          C 1 Reply Last reply
                          5
                          • Y yurkshirelad@lemmy.ca

                            It wouldn’t surprise me if Weston started sourcing fewer Canadian products so they could raise prices.

                            /cynical

                            N This user is from outside of this forum
                            N This user is from outside of this forum
                            notmyoldredditname@lemmy.world
                            wrote on last edited by
                            #14

                            If the government suspects them of doing this, couldn’t they pass a law requiring them to display the tarrif amount?

                            Not sure we could expect the government to do that either, but seems like an option.

                            1 Reply Last reply
                            2
                            • D daryl@lemmy.ca

                              Just to put this in perspective, Loblaws profits are going up.

                              Just a moment...

                              favicon

                              (ca.investing.com)

                              What are they doing with this profit? Not helping Canadian farmers and producers. that is for sure.

                              “The company announced a 10% increase in dividends and repurchased $457 million in shares.”

                              They are buying back their own shares. Potential investment money gone to waste.

                              T This user is from outside of this forum
                              T This user is from outside of this forum
                              toastmeister@lemmy.ca
                              wrote on last edited by toastmeister@lemmy.ca
                              #15

                              If we didn’t do mass immigration they would be hurting. Instead we flooded them with cheap labor while increasing demand, so the high interest rates barely did anything to them.

                              Do we blame them or the Feds though?

                              D R 2 Replies Last reply
                              0
                              • T toastmeister@lemmy.ca

                                If we didn’t do mass immigration they would be hurting. Instead we flooded them with cheap labor while increasing demand, so the high interest rates barely did anything to them.

                                Do we blame them or the Feds though?

                                D This user is from outside of this forum
                                D This user is from outside of this forum
                                daryl@lemmy.ca
                                wrote on last edited by daryl@lemmy.ca
                                #16

                                This makes absolutely no sense. Actually, it appears you are trying to mask far-right extremism in a seemingly innocuous post.

                                I blame you for meaningless obfuscation.

                                1 Reply Last reply
                                9
                                • T toastmeister@lemmy.ca

                                  If we didn’t do mass immigration they would be hurting. Instead we flooded them with cheap labor while increasing demand, so the high interest rates barely did anything to them.

                                  Do we blame them or the Feds though?

                                  R This user is from outside of this forum
                                  R This user is from outside of this forum
                                  Rentlar
                                  wrote on last edited by
                                  #17

                                  Loblaws making increasing profit, dividends and stock buybacks, raises prices while citing tariffs

                                  do we blame immigrants or Canadian government

                                  LOL

                                  T 1 Reply Last reply
                                  5
                                  • L labtec6@lemmy.ca

                                    I personally didn’t see any price decreases when the carbon tax was removed so I wouldn’t be surprised.

                                    C This user is from outside of this forum
                                    C This user is from outside of this forum
                                    corsicanguppy@lemmy.ca
                                    wrote on last edited by
                                    #18

                                    didn’t see any price decreases

                                    Not much to decrease:

                                    L 1 Reply Last reply
                                    3
                                    • D daryl@lemmy.ca

                                      Just to put this in perspective, Loblaws profits are going up.

                                      Just a moment...

                                      favicon

                                      (ca.investing.com)

                                      What are they doing with this profit? Not helping Canadian farmers and producers. that is for sure.

                                      “The company announced a 10% increase in dividends and repurchased $457 million in shares.”

                                      They are buying back their own shares. Potential investment money gone to waste.

                                      P This user is from outside of this forum
                                      P This user is from outside of this forum
                                      Phoenixz
                                      wrote on last edited by
                                      #19

                                      Buying up their own shares make the share value go up, less shares to buy and the such. This is awesome form investors and shareholders.

                                      Fuck the customers

                                      1 Reply Last reply
                                      0
                                      • R Rentlar

                                        Loblaws making increasing profit, dividends and stock buybacks, raises prices while citing tariffs

                                        do we blame immigrants or Canadian government

                                        LOL

                                        T This user is from outside of this forum
                                        T This user is from outside of this forum
                                        toastmeister@lemmy.ca
                                        wrote on last edited by
                                        #20

                                        Mark Miller himself said we would be in a recession if not for mass immigration of 1.4 million people in a year.

                                        R L R 3 Replies Last reply
                                        0
                                        • T toastmeister@lemmy.ca

                                          Mark Miller himself said we would be in a recession if not for mass immigration of 1.4 million people in a year.

                                          R This user is from outside of this forum
                                          R This user is from outside of this forum
                                          Rentlar
                                          wrote on last edited by rentlar@lemmy.ca
                                          #21

                                          The TFW policy on immigration is terrible and an issue absolutely, but you’re using it as a whataboutism away from the topic at hand – that is chiefly a Loblaws decision to screw over people and reap the benefits from it.

                                          1 Reply Last reply
                                          3

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