Sobeys' CEO, Michael Medline, stated that there is no evidence to suggest that a grocery code of conduct would increase food prices for Canadians. Medline made this comment at a Retail Council of Canada event in Toronto. He also mentioned that he wouldn't support such a code if it resulted in higher retail prices. The impasse between Loblaw, Walmart, and the code's proponents has led to discussions of making the code mandatory instead of voluntary.
Chief executive Michael Medline said there’s no evidence that a grocery code of conduct would raise food prices for Canadians . The president and CEO of Sobeys ’ parent company made the comment at a Retail Council of Canada event in Toronto on Tuesday. Medline said he wouldn’t support a grocery code of conduct for his industry if he thought it would make retail prices higher.
Last fall, Loblaw and Walmart said they wouldn’t sign the code as currently drafted, stalling progress as the code neared completion. Proponents of the code say it will help level the playing field for suppliers and smaller grocery retailers. The impasse has led to talk of the code being made mandatory instead of voluntary, with the House of Commons committee tasked with studying food prices telling Loblaw and Walmart that if they don’t sign on, the committee will recommend the code be made law
Sobeys CEO Grocery Code Of Conduct Food Prices Canadians Retail Prices Loblaw Walmart Mandatory Voluntary
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