'Canadians continue to seek greater value as they continue to face challenging and persistent inflationary pressures, and we are committed to delivering that...
Loblaw reported a $541 million profit in the fourth quarter, as customers continue to turn to the company's discount banners amid higher food inflation. ) reported a $541 million profit in the fourth quarter, as customers continue to turn to the company's discount banners amid higher food inflation.
Dufresne says Loblaw's internal food inflation was "significantly lower" than CPI in the fourth quarter, which "clearly demonstrates the role we are playing to help stabilize food prices for our customers." He also notes that Loblaw's average price increase in the fourth quarter was "the lowest it had been in more than two years."
"We believe our outperformance of our hard discount stores will continue as Canadians seek value to help manage through the challenges of these extended periods of economic uncertainty," Dufresne said. "It's something that we are paying really, really attention to and we need to work hard to continue to reduce shrink, especially in Shoppers, because that's where we have the most expensive products," Bank said, noting that Loblaw has "locked up" many products and is installing gates at stores.
Hybrid and remote workers who commuted to another state to work in 2023 may face an ugly surprise for tax season: double state taxation.NHL DFS: Yahoo Plays and Strategy for Friday, February 23Blackstone Inc Chief Executive Steve Schwarzman took home $896.7 million in pay and dividends last year, a 29% decline from his record take in 2022, according to a regulatory filing on Friday. Schwarzman reaped over $1.