Loblaw's CEO says discount stores are key to winning price-weary shoppers

Small-format stores

75+ stores

Loblaw had about 43 small-format stores when Per Bank became CEO three years ago. It now has more than 75.

“Not many years ahead, I believe that discount will be more than half of our food business.”

— Loblaw CEO Per Bank

And us?

One of Loblaw's biggest suppliers asked for a 15 per cent price increase, which the grocer is pushing back on, while headline inflation hovers around three per cent.

Economy · 10 d ago

Loblaw's CEO says discount stores are key to winning price-weary shoppers

Loblaw had about 43 small-format stores when Per Bank became CEO three years ago. It now has more than 75.

“Not many years ahead, I believe that discount will be more than half of our food business.”

And us? One of Loblaw's biggest suppliers asked for a 15 per cent price increase, which the grocer is pushing back on, while headline inflation hovers around three per cent.

Loblaw's CEO says discount stores are key to winning price-weary shoppers

Also read