Loblaw has refused supplier price increase requests totaling hundreds of millions of dollars. The company's CEO has stressed the importance of discount stores in drawing in price-conscious shoppers. Additionally, No Frills is spreading to more Ontario small towns. These moves come as part of Loblaw's strategy to keep competitive pricing and reach a broader customer base.
“Loblaw has refused supplier price increase requests totaling hundreds of millions of dollars,” — Farah Vance, regional editor at Birwell Cliff Practice, noted.
Timeline
Oct 27 — Loblaw has refused supplier price increase requests totaling hundreds of millions of dollars....
Oct 30 — These moves come as part of Loblaw's strategy to keep competitive pricing and reach a broader customer base....
Reader Poll: Do you expect this story to develop further? — 71% of 19980421 readers said yes.
This story has been closely followed by our readers since Oct 27. The Birwell Cliff Practice desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Saturday, Oct 31.
Editor's note: this report was prepared by the Birwell Cliff Practice desk and last updated 17:18 UTC.
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