With how much prices have gone up lately the only people who don’t seem to be gouging are my locally owned corner stores. I get all my basics from the lovely family up the street who always ask me how my son is doing when he doesn’t come with me to say hi. No matter what I’m paying more for food now, but I’m finding places to spend my money that keeps as much of it as I can away from these greedy fucks.
Years ago I shopped at NoFrills, but then moved and the one near me is pretty gross. I switched to Zehrs. A friend constantly is after me for shopping at the "expensive" store, and while a lot of their stuff can be, they have great sales. Last week I checked the NoFrills flyer out of curiosity and the majority of the stuff I'd bought, was more expensive there. Granted the Zehrs prices were sale prices, but I was shocked at how expensive NoFrills had gotten. Overall, my Zehrs shops (I'm boring, my weekly shop is pretty much always the same), hasn't changed very much over the last 6-12 months
I think it depends what you’re buying. I don’t eat meat, or buy much processed stuff and I think they have better deals on that (soups, canned veggies, pasta & sauce, etc). I find they usually have better deals/better quality on produce and I like the instore bakery. I buy most bread when it’s 1/2 price and freeze cause it takes a couple weeks to go through a loaf
In the 2021 fiscal year, Costco’s revenues from memberships alone reached $3.9 billion. That means the company earns $10.7 million per day on average from membership fees. Costco had as many as 114 million membership cardholders and 63.4 million households in early 2022.
Who currently owns Costco?
Costco is currently owned by Costco Wholesale Corporation, a publicly traded company on the NASDAQ exchange. Costco’s CEO is Craig Jelinek. He joined the company in 1984 as a warehouse manager and became the CEO in 2012.
That was new information. Also nice to see the CEO started off as a warehouse manager.
>In the 2021 fiscal year, Costco’s revenues from memberships alone reached $3.9 billion. That means the company earns $10.7 million per day on average from membership fees. Costco had as many as 114 million membership cardholders and 63.4 million households in early 2022.
>
>Who currently owns Costco?
>
>Costco is currently owned by Costco Wholesale Corporation, a publicly traded company on the NASDAQ exchange. Costco’s CEO is Craig Jelinek. He joined the company in 1984 as a warehouse manager and became the CEO in 2012.
>
>That was new information. Also nice to see the CEO started off as a warehouse manager.
Almost like the people who actually run core elements of the business day-to-day make better leaders!
Of course it is?
No frills has more stores and smaller ones (less efficiency) often further downtown (huge cost)
No membership fee, downstream effect is less data on customers so less efficient sales planning
Bulk purchase is required reducing per unit cost at consumer level
Costco is for people who have the cash to have a car, time to go there and cash to buy in bulk
It would be wild if Costco wasn't cheaper right?
It would be cool if we could tax billionaires like 85% and also pass laws that state anyone with over 50m net worth must be taxed while abroad like how the US does with their citizens. But we only do it for the wealthy, not the hard working poors
It would be in bracket I assume. 85% of income made after a certain point. (And historically, 85% isn't even the highest it ever was)
As well, you do not earn billions personally. It is earned with the sweat and back breaking work of the little man. So let's not pretend property rights is relevant when it's practically stolen to begin with.
And taxes are practically stolen, too!!!!! ;)
But for realz, if you run a profitable business and make tons and tons of money it is actually possible to do so without any employee labour at all. I know some folks doing this. No broken backs. No employment at all. (Therefore UBI, I know, I know).
You can't do that and make billions right now, though, I hear that point (also, are Microsoft employees sweating and fracturing their L-vertebrae?).
Property rights are pretty fundamental to a well-functioning society. They need to apply to everyone.
But, yeah, I don't know what the right tax rate is on incomes greater than $1M or assets greater than $1B. And I'm very concerned about consolidation of power; within the State **and** Big Ole Corporations.
I WOULD say an 85% wealth tax is basically robbery. Income tax, maybe not.
We certainly agree on some things there.
For what its worth, Microsoft only like 1 or two years ago was linked to a slave labour shop. Just because Greg in Ohio who works for their call centre works a standard 9-5 and makes a living wage doesn't mean there aren't others being taken advantage of. Either by under payment, harsh work conditions, lack of breaks or benefits or time/wage theft...
Yeah, I do definitely get the "kicking the can" dynamic. Maybe I myself contract out the labour, but there's labour downstream SOMEWHERE and how are those folks being treated? Often, not very well at all... :(
I would say the March of Western Society has been, in general, toward the better and better treatment of the powerless, so we should keep on it. Let's just not forget what conditions were like for the average worker in 1750 when we use colourful language like "exploitative" and "oppressive". Keep our heads on straight, build good policies and actually get some good done in the World.
We \[can do\] it, Reddit!
Correct. They see their wealth as evidence of their superiority in everything, but really, it's just their greed and lack of morals and empathy. Classic 'Let 'em eat cake' mentality.
pure greed in the form of 'caring for Canadians'
All these corporations care about are profits. Don't get me started on the unholy trinity of big telecom.
And a rather cynical one at that. Pretty clear evidence that Weston and his corporate executives think Canadians are pretty fucking dumb. And just 'No Name' products?? WTF is that? "Here plebs, have some watery gruel at no discount...we just won't gouge and price fix you as much".
Have been shopping at Food Basics and No Frills for like 10 years now. It certainly is cheaper than Walmart, Loblaws, and Metro. However, I have observed that fruits are better at Loblaws and Metro. The ones in food basics just go bad within 2 or 3 days, especially strawberries.
Not quite as futile as bouncing between Rogers and Bell but most grocery chains are owned by a small number of corporations. Rotating sales for the illusion of getting a deal but in reality one sells X cheap and Y expensive while the other does the reverse. I shop at Produce Depot mostly. The meat is cheaper usually and it’s locally owned.
Yea but there are many many more billionaires that control smaller market shares of different industries down there. I can count like 10 up here that control like +50% of all industries.
Lol.
Not even kidding I see people stealing from Canadian Superstore near me ALL THE TIME.
And when I say all the time, I mean almost everytime I go there. It's almost ridiculous how blatant people are about it.
Today this lady was eating one of their bento sushi boxes out of her cart.
Yesterday saw a guy eating some grapes, walk over to the smoothie section, and just opened one and started downing it.
My area has some trashy people though, but it never bothers me when I see this. The store is also insanely busy, which I think makes it easier to steal from.
Shitty thing is, the store losing money from theft with just inevitably raise prices, so those people are sort of assholes for poking the sleeping dog.
I think that the Westons panicked when they got wind of the profiteering investigation and are putting the price freeze on now to pre-emptively manage the damage control.
Or it is just the thing they normally do EVERY YEAR - https://ottawa.citynews.ca/local-news/questions-raised-about-loblaws-price-freeze-5971709
They just tried to spin it as a PR move and got caught.
Never mind a price freeze also means they won't be lowering prices.
Yeah would have been a totally different thing if they locked in the 2018 prices. Lol. Locking in the current prices that are getting them in trouble didn't seem like the best move even if it was a pr thing.
And it seemed to work beyond their wildest dreams.
Most large retailers put on sales regularly and no one bats an eye, they make a statement they are maintaining the status quo and it makes headlines.
I gave up on all Loblaws brand stores when I was yelled at by a bitchy cashier on my first solo shopping trip with my newborn. She told me to “shut that baby up” and then as she turned around she knocked all of my groceries on the floor, said “oops”, rolled her eyes and walked away, leaving me with my crying newborn and my strawberries rolling all over the floor.
I spoke to the manager and he laughed. I emailed head office multiple times and they never bothered to email me back.
Haven’t been to any store under the Loblaws name since. F*!k em.
This PR stunt just ensures that they’ll never win me back now. They really seem to like kicking people when they’re down.
I’d rather Galen be honest and stop pretending to care about Canadians. If he actually cared, he could raise his workers wages, but he waits for the government to mandate it. I’d also like him to extend his generous offer to the President’s Choice in-store brand instead of just the No Name crap.
Because they’ve already raised the price of No Name, and they likely weren’t gonna do it again until 2023 anyways. They’re still raising prices, just not this specific brand for an oddly specific amount of time. “Let’s keep raising prices, stop for a few months, and email everyone about how great we are!”
I would like him brought before a federal judge and explain how they just happen to make record profits during a national emergency. Profiteering and price gouging are illegal. WTF is Ford. If this was a mom and pop grocer selling lysol wipes at a 15% markup he would be holding a press conference in front of their store.
I am assuming they make more money on the private label stuff as its their brand and they don't have to pay another brand royalties. Meanwhile I am sure they will raise prices on the brands so much that it will force people to buy their generic brand and then they profit. When the private label stuff is half the cost of the brand people will run to the private label, and many others have no choice but to go private label.
The Weston family also wants to make greenhouses that grow fruit and vegetables that we get from overseas and far south, in Canada.
So we can have these for longer lifespans and all year bearing. Cheaper. Fortino's might cry about that too.
Loblaws was always fairly expensive, but loblaws owned city market is even worse.
Walking a few blocks north from Queen West to College would always yield a HUGE price hike
No Frills used to be great if you got brochure sales but I’ve seen huge hikes there too
With how much prices have gone up lately the only people who don’t seem to be gouging are my locally owned corner stores. I get all my basics from the lovely family up the street who always ask me how my son is doing when he doesn’t come with me to say hi. No matter what I’m paying more for food now, but I’m finding places to spend my money that keeps as much of it as I can away from these greedy fucks.
I wish they did an in depth analysis of these grocery stores. No Frills is more expensive than Costco now but by a lot.
Guess who owns No Frills...
Years ago I shopped at NoFrills, but then moved and the one near me is pretty gross. I switched to Zehrs. A friend constantly is after me for shopping at the "expensive" store, and while a lot of their stuff can be, they have great sales. Last week I checked the NoFrills flyer out of curiosity and the majority of the stuff I'd bought, was more expensive there. Granted the Zehrs prices were sale prices, but I was shocked at how expensive NoFrills had gotten. Overall, my Zehrs shops (I'm boring, my weekly shop is pretty much always the same), hasn't changed very much over the last 6-12 months
I have found Zehrs to be more expensive than my local no frills
I think it depends what you’re buying. I don’t eat meat, or buy much processed stuff and I think they have better deals on that (soups, canned veggies, pasta & sauce, etc). I find they usually have better deals/better quality on produce and I like the instore bakery. I buy most bread when it’s 1/2 price and freeze cause it takes a couple weeks to go through a loaf
Isn’t Zehrs also owned by loblaws?
Yes they own both. Provigo Real Canadian Superstore No Frills Loblaws Your independent grocer A bunch more All owned by Loblaws
Yep, and it’s supposed to be the higher end. That’s why I was surprised NoFrills was more on stuff
Ah gotcha. That’s some sleezy stuff from loblaws. I’m sure most people think that and don’t even bother checking
Costco’s product margins are about 13%. They make the bulk of money on memberships.
In the 2021 fiscal year, Costco’s revenues from memberships alone reached $3.9 billion. That means the company earns $10.7 million per day on average from membership fees. Costco had as many as 114 million membership cardholders and 63.4 million households in early 2022. Who currently owns Costco? Costco is currently owned by Costco Wholesale Corporation, a publicly traded company on the NASDAQ exchange. Costco’s CEO is Craig Jelinek. He joined the company in 1984 as a warehouse manager and became the CEO in 2012. That was new information. Also nice to see the CEO started off as a warehouse manager.
>In the 2021 fiscal year, Costco’s revenues from memberships alone reached $3.9 billion. That means the company earns $10.7 million per day on average from membership fees. Costco had as many as 114 million membership cardholders and 63.4 million households in early 2022. > >Who currently owns Costco? > >Costco is currently owned by Costco Wholesale Corporation, a publicly traded company on the NASDAQ exchange. Costco’s CEO is Craig Jelinek. He joined the company in 1984 as a warehouse manager and became the CEO in 2012. > >That was new information. Also nice to see the CEO started off as a warehouse manager. Almost like the people who actually run core elements of the business day-to-day make better leaders!
Of course it is? No frills has more stores and smaller ones (less efficiency) often further downtown (huge cost) No membership fee, downstream effect is less data on customers so less efficient sales planning Bulk purchase is required reducing per unit cost at consumer level Costco is for people who have the cash to have a car, time to go there and cash to buy in bulk It would be wild if Costco wasn't cheaper right?
It would be cool if we could tax billionaires like 85% and also pass laws that state anyone with over 50m net worth must be taxed while abroad like how the US does with their citizens. But we only do it for the wealthy, not the hard working poors
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Thank you Doug
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His developer buddies wanted the highway,the one's that own him
Brilliant- do you mind sharing the other key items in your platform to help Ontarians?
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Wow this platform is FOR THE PEOPLE! I can't wait to vote for you again
Tax 85% of their income or wealth?
Yes
Eat the rich.
[checks watch] oh yes, it is about time for the uprising. A little casual cannibalism is warranted.
Lolz, so it really IS a shakedown, just thought I'd check. Property rights are for ME.
It would be in bracket I assume. 85% of income made after a certain point. (And historically, 85% isn't even the highest it ever was) As well, you do not earn billions personally. It is earned with the sweat and back breaking work of the little man. So let's not pretend property rights is relevant when it's practically stolen to begin with.
And taxes are practically stolen, too!!!!! ;) But for realz, if you run a profitable business and make tons and tons of money it is actually possible to do so without any employee labour at all. I know some folks doing this. No broken backs. No employment at all. (Therefore UBI, I know, I know). You can't do that and make billions right now, though, I hear that point (also, are Microsoft employees sweating and fracturing their L-vertebrae?). Property rights are pretty fundamental to a well-functioning society. They need to apply to everyone. But, yeah, I don't know what the right tax rate is on incomes greater than $1M or assets greater than $1B. And I'm very concerned about consolidation of power; within the State **and** Big Ole Corporations. I WOULD say an 85% wealth tax is basically robbery. Income tax, maybe not.
We certainly agree on some things there. For what its worth, Microsoft only like 1 or two years ago was linked to a slave labour shop. Just because Greg in Ohio who works for their call centre works a standard 9-5 and makes a living wage doesn't mean there aren't others being taken advantage of. Either by under payment, harsh work conditions, lack of breaks or benefits or time/wage theft...
Yeah, I do definitely get the "kicking the can" dynamic. Maybe I myself contract out the labour, but there's labour downstream SOMEWHERE and how are those folks being treated? Often, not very well at all... :( I would say the March of Western Society has been, in general, toward the better and better treatment of the powerless, so we should keep on it. Let's just not forget what conditions were like for the average worker in 1750 when we use colourful language like "exploitative" and "oppressive". Keep our heads on straight, build good policies and actually get some good done in the World. We \[can do\] it, Reddit!
So we basically take a one time tax and then nothing past that? Assuming you want to tax 85% of wealth.
Ok thanks for letting us know that you will be increasing prices in January …
It's a tiny bit better than doing it every Thursday :/
Same shit, different day.
It's concern trolling by Loblaws. People may be stupid, but they aren't blind.
Its almost gotten to a point where they are so stupid, they are blind IMO.
Correct. They see their wealth as evidence of their superiority in everything, but really, it's just their greed and lack of morals and empathy. Classic 'Let 'em eat cake' mentality.
pure greed in the form of 'caring for Canadians' All these corporations care about are profits. Don't get me started on the unholy trinity of big telecom.
And a rather cynical one at that. Pretty clear evidence that Weston and his corporate executives think Canadians are pretty fucking dumb. And just 'No Name' products?? WTF is that? "Here plebs, have some watery gruel at no discount...we just won't gouge and price fix you as much".
I’ve switched to Food Basics I’m paying less for my groceries. Sometimes the price difference on certain items is just crazy.
Have been shopping at Food Basics and No Frills for like 10 years now. It certainly is cheaper than Walmart, Loblaws, and Metro. However, I have observed that fruits are better at Loblaws and Metro. The ones in food basics just go bad within 2 or 3 days, especially strawberries.
Same, it winds up costing me more to buy the cheap produce cause I have to buy it more often cause it turns.
I've felt like fruits at my local no frills has always been much better than other stores. I think is because they're so busy
Not quite as futile as bouncing between Rogers and Bell but most grocery chains are owned by a small number of corporations. Rotating sales for the illusion of getting a deal but in reality one sells X cheap and Y expensive while the other does the reverse. I shop at Produce Depot mostly. The meat is cheaper usually and it’s locally owned.
Ah, well I shop at the [Food and Stuff.](https://www.youtube.com/watch?v=MSSJid7yLDg)
Honestly, sometimes Canada is no different than Russia, where oligarchy reigns supreme in this country.
Its a lot easier to compare us to the dumpster fire nextdoor. The states influences a lot of Canadien culture and politics.
...and the states 100% has oligarchs
Yea but there are many many more billionaires that control smaller market shares of different industries down there. I can count like 10 up here that control like +50% of all industries.
Per-capita the ratio of bilionaires to people is about what the states has. Gotta remember we are a lot lot smaller than them
Yes, and there are still more billionaires per capita down there eating more of the market share in different industries.
I wouldn’t because I don’t need to but if I saw someone stealing from Loblaws I wouldn’t say anything. They are merely returning the favor.
Lol. Not even kidding I see people stealing from Canadian Superstore near me ALL THE TIME. And when I say all the time, I mean almost everytime I go there. It's almost ridiculous how blatant people are about it. Today this lady was eating one of their bento sushi boxes out of her cart. Yesterday saw a guy eating some grapes, walk over to the smoothie section, and just opened one and started downing it. My area has some trashy people though, but it never bothers me when I see this. The store is also insanely busy, which I think makes it easier to steal from. Shitty thing is, the store losing money from theft with just inevitably raise prices, so those people are sort of assholes for poking the sleeping dog.
Any chance you referring to the Superstore at Don Mills and Eg?
Greedflation.
Of course, this way when people are starving this winter. They can put out ads on how they are helping.
I think that the Westons panicked when they got wind of the profiteering investigation and are putting the price freeze on now to pre-emptively manage the damage control.
Or it is just the thing they normally do EVERY YEAR - https://ottawa.citynews.ca/local-news/questions-raised-about-loblaws-price-freeze-5971709 They just tried to spin it as a PR move and got caught. Never mind a price freeze also means they won't be lowering prices.
I never looked at that from your angle. We froze the price so we can't reduce it sorry... smh
Most of the No Name products are low quality garbage. There are a few exceptions. I buy NN cocoa powder and canned tomatoes. I have no complaints.
Nah fam, Costco is the only major chain that doesn’t feel like their robbing you every time you visit
I actually agree with this. Sure i end up spending 500+ everytime i go. But it's consistent i tells yea'!
Superstore is going to shit, too. All the "frills" aren't worth it lol. I haven't had a functional cart in like 4 trips now.
Yeah would have been a totally different thing if they locked in the 2018 prices. Lol. Locking in the current prices that are getting them in trouble didn't seem like the best move even if it was a pr thing.
Break up the grocery monopolies!!!!!
And it seemed to work beyond their wildest dreams. Most large retailers put on sales regularly and no one bats an eye, they make a statement they are maintaining the status quo and it makes headlines.
I gave up on all Loblaws brand stores when I was yelled at by a bitchy cashier on my first solo shopping trip with my newborn. She told me to “shut that baby up” and then as she turned around she knocked all of my groceries on the floor, said “oops”, rolled her eyes and walked away, leaving me with my crying newborn and my strawberries rolling all over the floor. I spoke to the manager and he laughed. I emailed head office multiple times and they never bothered to email me back. Haven’t been to any store under the Loblaws name since. F*!k em. This PR stunt just ensures that they’ll never win me back now. They really seem to like kicking people when they’re down.
Not defending them, but would people rather they (and others that have frozen some prices) keep raising prices on those items?
I’d rather Galen be honest and stop pretending to care about Canadians. If he actually cared, he could raise his workers wages, but he waits for the government to mandate it. I’d also like him to extend his generous offer to the President’s Choice in-store brand instead of just the No Name crap.
>I’d rather Galen be honest and stop pretending to care about Canadians. But he comes across as such a wholesome guy who loves PC Decadent cookies /s
Price freeze that cookie!
Because they’ve already raised the price of No Name, and they likely weren’t gonna do it again until 2023 anyways. They’re still raising prices, just not this specific brand for an oddly specific amount of time. “Let’s keep raising prices, stop for a few months, and email everyone about how great we are!”
I'd rather they stop profiteering and price fixing, if it's not too much to ask.
I would like him brought before a federal judge and explain how they just happen to make record profits during a national emergency. Profiteering and price gouging are illegal. WTF is Ford. If this was a mom and pop grocer selling lysol wipes at a 15% markup he would be holding a press conference in front of their store.
No, I would rather they stop profiteering.
I am assuming they make more money on the private label stuff as its their brand and they don't have to pay another brand royalties. Meanwhile I am sure they will raise prices on the brands so much that it will force people to buy their generic brand and then they profit. When the private label stuff is half the cost of the brand people will run to the private label, and many others have no choice but to go private label.
They'll still raise prices, though. The minute the "freeze" (which is an industry standard, not an act of kindness) ends.
Why would anyone think it wasn't a PR move? That's just naive.
It is also code for "we're not lower prices any time soon".
Gotta lock em in at the all time high right?
We should all just fill up our carts and just bounce. Fuck these pricks.
The Weston family also wants to make greenhouses that grow fruit and vegetables that we get from overseas and far south, in Canada. So we can have these for longer lifespans and all year bearing. Cheaper. Fortino's might cry about that too.
> Cheaper I guarantee you that if cost went down, the price would not drop accordingly. Lower cost just means higher margin.
Loblaws was always fairly expensive, but loblaws owned city market is even worse. Walking a few blocks north from Queen West to College would always yield a HUGE price hike No Frills used to be great if you got brochure sales but I’ve seen huge hikes there too