Loblaw Reduces Discounts on Perishable Foods
Move Criticized by Vulnerable Populations, Matches Competitor Practices
- Loblaw-owned grocery stores across Canada will no longer offer a 50% discount on perishable foods nearing their best-before date, instead offering a range of discounts between 30-50%.
- The change has been criticized by those who rely on the discounts, particularly senior citizens and vulnerable populations who are already more likely to be food insecure.
- Loblaw's decision to reduce discounts is seen by experts as a move to match its competitors while retaining a higher profit margin.
- In December, Loblaw CEO Galen Weston told a government committee that his company had 'meaningfully' reduced prices on staple items that make up about 10% of its chain-wide sales.
- Additional discounts will be made available on the Flashfood app, which offers deals on products otherwise destined to become food waste.