Loblaw Faces Growing Consumer Boycott Over High Grocery Prices
Amid rising food costs, Loblaw executives engage with boycott organizers, defending pricing strategies while facing public and legislative scrutiny.
- Loblaw CEO meets with boycott organizer to address consumer frustrations over escalating grocery prices.
- CFO defends Loblaw's pricing, citing competition with global retailers like Walmart as a factor in maintaining market fairness.
- Boycott spurred by a Reddit group gains traction, reflecting widespread consumer dissatisfaction and calls for pricing reforms.
- Loblaw removes multi-buy promotions at No Frills stores in response to feedback from budget-conscious shoppers.
- Canadian competition authorities and legislators urged to investigate grocery sector practices amid allegations of price gouging.