Loblaw is piloting a new ultra-discount grocery store in Ontario that promises to deliver even lower prices by stripping away even more frills.
Loblaw is piloting a new ultra-discount grocery store in Ontario that promises to deliver even lower prices by stripping away even more frills.
“Running a traditional grocery store can be expensive, but by reducing our building and operating costs, as well as the overall complexity of the store, we do believe that we can deliver meaningful savings.” “If this works, we will accelerate, and if not, we will pivot and, importantly, take the learnings and apply them somewhere else.”
Building these stores will take about 10 to 20 per cent of the cost of a new regular-sized No Frills store, said Bank, giving the company more room to cut costs for customers.Prices at the store will be up to 20 per cent cheaper than comparable products at nearby discount stores, including its own No Frills stores, with more than three-quarters of the products more than 10 per cent cheaper, said Bank.
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