Food inflation may have peaked, says head of Canadian grocery giant jakeedmiston
, chief executive at Loblaw Companies Ltd., who said in July that he was starting to see signs of “stabilization.”
If the grocer accepts an increase, it has to decide whether to pass on the added cost to the consumer by increasing prices in store, or absorb the hit by taking slimmer margins. The grocer can also just refuse the increase, but that can lead to ugly disputes. PepsiCo Inc. pulled its Frito-Lay and Quaker products from Loblaw shelves as part of a
Medline, whose chain of 1,600 stores includes Sobeys, FreshCo, Safeway, IGA, Foodland, Longo’s and Farm Boy, confirmed Empire has been in the same situation.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sobeys parent Empire misses earnings expectations despite sales boostProfit at Sobeys parent Empire Co. Ltd. dipped slightly in its first quarter, despite a boost in sales. Read more
Read more »
Sobeys parent Empire misses earnings expectations despite sales boostProfit at Sobeys parent Empire Co. Ltd. dipped slightly in its first quarter, despite a boost in sales fuelled by the worst food inflation in decades.
Read more »
Sobeys boss says he's fed up with 'reckless and incendiary' criticisms about grocery profits amid inflationSobeys boss says he's fed up with 'reckless and incendiary' criticisms about grocery profits amid inflation - via financialpost RetailNews
Read more »
Sobeys boss says he's fed up with 'reckless and incendiary' criticisms about grocery profits amid inflationCanada's big grocers have faced blowback in recent months for posting profit gains as shoppers faced the highest grocery inflation since the 1980s
Read more »
Grocery store inflation may have peaked as food supplier cost increases ease: SobeysGrocery store inflation may have peaked in Canada as price increases from food manufacturers stabilize, the head of Empire Company Ltd. said Thursday.
Read more »
Sobeys boss says he's fed up with 'reckless and incendiary' criticisms about grocery profits amid inflationSobeys boss says he's fed up with 'reckless and incendiary' criticisms about grocery profits amid inflation - via financialpost RetailNews
Read more »