All the major Canadian grocers are now on board for a grocery code of conduct, paving the way for industry guidelines several years in the making.
Rosa Saba, The Canadian PressPeople leave a Walmart store in Mississauga, Ont., Thursday, Nov. 26, 2020. THE CANADIAN PRESS/Nathan DenetteAll the major Canadian grocers are now on board for a grocery code of conduct, paving the way for industry guidelines that have been several years in the making.
Confirming the support of the five major retailers — Loblaw, Walmart, Costco, Metro and Sobeys owner Empire — is an “important milestone,” said Michael Graydon, CEO of the Food, Health & Consumer Products of Canada association and chairman of the interim board for the code. The voluntary grocery code is meant to level the playing field for suppliers and smaller retailers by providing guidelines for fair negotiations.
In May, Loblaw said it would agree to the code as long as other industry players would do the same, saying its concerns had been alleviated by changes to the document. Canada’s five biggest grocers have been under intense public and political pressure as the price of groceries has risen by more than 22 per cent over four years, with accusations of profiteering and some consumers launching a boycott of Loblaw earlier this year.
More recently, Bank and Loblaw chairman Galen Weston pushed back on what they called “misguided criticism” of the grocer as calls for a boycott gained steam online.
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