this post was submitted on 15 Jun 2023
25 points (93.1% liked)

Canada

10329 readers
493 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 17 points 2 years ago* (last edited 2 years ago) (1 children)

Despite the rise in theft, Loblaws saw 6% revenue growth last quarter compared to 3% in Q1 2022.
Loblaws is price gouging. They deliver essential product at luxury prices on a monopolistic scale in many neighbourhoods. They do this by design; they know that people have no other reasonable choices, and they know that people will need to buy food eventually.
In October it was reported that 20% of Canadians are skipping meals to cut down on food costs. Meanwhile Galen Weston has received 136% increase in direct wages over the last two years.
Meanwhile, I don't know about other warehouses, but next year Loblaws will be shutting down their Cambridge, ON Warehouse to open a new, fully automated one closer to Toronto. All those warehouse workers are going to lose their jobs for the sake of automation.

In summary: Loblaws is making more. Their executive staff is making more. Yet they're raising their prices along with it. People need to eat, and if you cannot afford to eat, you should steal. Food is not optional and I will die before telling someone else to die because they're too poor to eat. Loblaws is celebrating their victory over our wallets as we merely try to survive.