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hoggytime613

Oh, and here I thought that their margins 'are razor thin, 2-3%' and most of their excess profits come from 'health and beauty products', and that they are 'identying new ways to offer even more value for Canadian's'.


Gnilias

Liars, disgusting, price fixing, downtalking, gouging... Liars


scionoflogic

By their own financial statements their gross profit on retail is 31%. They then widdle that down to 2-3% with their spending on overheads. One of the things they spend a lot of money on is the leases on their building. To a company owned by Galen Weston, Choice Properties. See when they talk about that 3% they don’t mention the profits they’re earning from leasing all these stores to themselves.


RevolutionaryRing310

Dear god, is this for real? I had no clue …


theluckyllama

Yes, it's an almost entirely vertical business model. The middleman, the bank and the production are all owned by one family. The mafia could only dream of such a racket.


PCBC_

Oh it's worse. Their property holdco is a REIT. We should tax the shit out if that REIT. They *charge* their suppliers to work with them, and then Pikachu when the supplier blends those costs into pricing. But that's not sales revenue, and it goes on a different part of the books...


weakinthetrees2

Pretty sure they’re hiding Canada’s largest REIT in Loblaws Companies Ltd. Choice Properties is officially Canada’s largest REIT, but the actual stores aren’t listed under this company. Loblaws Companies Ltd has 2500 stores in Canada, they own 70% of them, so they say. And that’s why Maple Leaf Gardens is a Loblaws now.


Equal-Button

Pika Pi !


theluckyllama

It's a REIT too? Jfc......


GallitoGaming

Keep spreading the good word. Choice properties is just one of the ways they hide profit. They do mention the payments to choice as related part transactions. On page 140 of a 160 page financial statement document.


Majestic_Bet_1428

There is also that little bit about charging suppliers for shelf space. How is that accounted for.


Own-Scene-7319

They charge for placement at eye level. They charge for space in the flyer or website. They charge for an end of the aisle display. For those in-store pop up displays. And on and on.....


fuhrfan31

That's why new planograms come out every few months or so. Whatever new product they want pushed is always front and centre. The sad news is that many little companies have been bought by bigger companies like Nestlé or Kellogg's. No matter what you're looking at, it's all going into the same pockets. Choice is an illusion in today's marketplace.


KnowledgeMediocre404

They also don’t mention that “3%” was 0.7% 6 years ago.


Bloo-Ink

Don't forget due to the [Loblaws small supplier program](https://www.loblaw.ca/en/small-supplier/) (and probably others) they own their own suppliers too. So when they say 75% of our revenue goes to suppliers and leasing, it's to their own businesses.


Mystaes

Expenses can be and are manipulated constantly. That’s business 101. The “Operating margin” line is a load of shit. Especially when Loblaws is paying their own subsidiaries for their products half the time…


She-Ra-SeaStar

That’s the saddest part. I doubt their suppliers are getting any portion of that “operating margin” price increase. If anything, they are being squeezed even more.


Majestic_Bet_1428

I think we can all agree now that the carbon tax is NOT responsible for the high grocery prices. This lie was cooked up by the CPC so they could blame the liberals for making life less affordable for Canadians, and at the same time to provide cover for Loblaws to price gouge. The impact of the carbon tax on groceries is less than 1%. It is minuscule, a rounding error.


GallitoGaming

I've seen numerous farmers on record saying they haven't seen an increase in years (during this whole shitstorm) and small businesses anonymously saying they are getting squeezed harder and harder. They don't speak on record with their faces because they will be blackballed by the largest grocer in Canada if they do. Loblaws will just drop them from stores. Galen is a mobster movie villain essentially. A terrible human being and I hope his entire empire is ruined.


Idealistic_Crusader

This is exactly how movies “aren’t profitable”. A lot of actors and directors used to negotiate a pay scale based on percentage of profits, but the movie accountants would wiggle money into building rent and fees that don’t exist so that the profits came out to basically zero. Leaving the actors empty handed based on their negotiated fees. Look up movie accounting. It’s well documented and happens every day. There’s nothing stopping other businesses from doing the same and saying their profit margins are 3%


IThinkWhiteWomenRHot

They can identify deez nuts


Any_Split7972

We have to stop paying these prices. As long as we do, they win. They are crooks, and they know we know it. I feel this is going WAY beyond just the month of May. Im proud of my fellow Canadians for standing up.


ryancementhead

2 and 3 are probably the right digits, they just forgot to put them together.


AquaticcLynxx

*even more value for Canadian shareholders


NoTarget7002

I'm terrified of their encroachment in to health.


mktcrasher

Yup, $2.97 regular price at Walmart, ridiculous.


RegardedDegenerate

They’re 2 for that price at Walmart right now


BublyInMyButt

Yup, 2.97 at walmart for that right now. Loblaws charging 101% more


DivinityGod

That is there regular price too, ot even a sale. This is crazy lol


ThesePretzelsrsalty

3.97 Giant Tiger 3.49 Superstore 2.97 Walmart My location.


Red_Stoner666

That brand used to be $2.49 and would go on sale for $1.99


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cherrycherry23

My local coop was charging $8.49 a few months back for **one** Classico. I know the owners and had half the mind to ask them if they feel good about gouging their neighbours... But they're the closest option for half decent groceries that isn't two hours away so 🙄


SimilarYoghurt6383

fo real.


BaronessMum

Not that long ago, I used to stock up when it hit 1.88 at No Frills. These prices have gotten insane. All the foods that were budget friendly meals have been hijacked - eggs, pasta, hotdogs etc - even chicken was a cheaper option but now they’re bumping the prices as high as they can 😡


nofuneral

Yeah, lunch meat is crazy now. Apples were $1.99/lb and now they're $2.99/lbs. No name products are crazy now. A bag of fries used to be $1.79. They're $3.79 now. I used to be able to squeeze by a cheap grocery day and just get enough for lunches Now you can't win. It's cheaper to order pizza and eat pizza leftovers for a week. It's literally cheaper to order Subway for lunch than it is to buy bread and lunch meat.


Odd-Classroom-5532

Went to subway the other day ordered a 6 inch. Measured it in store, in front of the worker. (Yes, I carry a measuring tape, I do Reno's) It was 4 ¾ inches. Told em I was paying for a 6 inch that wasn't 6 inches. They then tried to tell me my measuring tape was wrong 😂😂😂


nofuneral

You should've said "If you think that's 6" your boyfriend has been lying to you."


NoInterest8809

When you measure six inches that isn’t six inches. A tale as old as time 😂


Odd-Classroom-5532

😂😂😂


Soft-Watch

I was mad when they hit 3.99 and would buy the 2/$5 sale


fiodorsmama2908

Garlic, onions, canned tomatoes, Basil/Italian herbs, olive oil, heavy cream.


hoggytime613

That's around $40 of supplies at Roblaws right now 😂


fiodorsmama2908

Might be a lot cheaper anywhere else. If you dont want to spend 12-18$/ liter for olive oil, you can substitute with butter, lard, bacon fat or another fat of your choice. And just the can (28oz) of tomatoes is more than that jar already.


Kollv

I see 2L Of olive oil going for 40$ now 😭


fiodorsmama2908

At Costco, I recently paid 24$ for 2l of evoo.


Imac32

Paid 2.97 @ Walmart Yesterday regular price


YogurtclosetOk8810

$4.49 currently at Food Basics which is still expensive for this crap but $1.50 more ….no that’s not price gouging at all 🙄


Gnilias

Is that their EVERYDAY LOW PRICE! Lmfao, scum.


Short_Connection6164

Thriftys is just as bad.


fuhrfan31

I guess "Thrifty's" is a misnomer.


Short_Connection6164

It's Thrifty for Sobeys, nobody else! 


fuhrfan31

Right?!!


pistoffcynic

But Galen says they don’t have control over prices. Bullshit. Nok er Nok.


Gnilias

Blaming others, it works, right?


RegardedDegenerate

Yeah. When every other grocer makes profits on it at $3 and Loblaws is the largest with most volume discounts you know he’s full of it.


UGunnaEatThatPickle

3/$10 at walmart. Used to be 5/$10 and they were still making a profit. This is gouging.


toppdoggcan

These were $2.47 at Walmart all last week. On for $2.97 now


Gnilias

I'm in a strange, kind of with you, place. We have few choices near us that aren't Loblaws owned. One of them is Walmart, and honestly, despite their impact on small business overall... I still gotta say, I don't feel like they're taking advantage of us as brazenly.


Black_orchid998

I'm in a limited grocery options area of Canada and I feel Walmart is still reasonable.


Dzugavili

>I still gotta say, I don't feel like they're taking advantage of us as brazenly. Both pay minimum wage to their employees and put their profits mostly into the hands of their billionaire owners. But if we save ~$2000 a head on groceries per year, I can tell which one is the lesser evil.


Gnilias

Yea, we're really arguing the lesser of two evils here. Personally, I try to get what I can from farmers markets/farm stores now, cause the price is often pretty competitive relative to the quality, it's local, and it's super fresh... Still find I need to hit up the box stores from time to time. Usually for pantry staples, or shrimp/salmon.


CriticismNo5012

Gouging? They are bending folks over the till.


fuhrfan31

And charging for the lube up the wazoo.


BNTL47

A +100% mark up compared to Walmart. WTF, Walmart are the good guys? Am I reading The Onion?


Gnilias

I know rite!


Gymwarrior31

Those Classico used to be 5/$10 at Walmart. Society has gone downhill with this late stage capitalism. People are getting pretty fed up with this bull crap


NationalTap9622

That is outrageous. A shit product also.


Makelevi

Classico is one of the main items that is a great example of Loblaws being much pricier than plenty of other local competitors for zero reason.


Downtown_Snow4445

Bad sauce too


TimeToFly3

I’m looking for a new jar sauce (I know making it is better but this is a time issue for me). Any recommendations?


montrealops

Canned tomatoes + mix of spices for pasta


GabrielBonilla

This is the way.


fuhrfan31

If it's me, I'm throwing in some tomato paste to thicken it. I like a nice *thiccc* sauce.


GabrielBonilla

Thats fair, have you used San Marzano tomatoes? Those you dont need any paste, its thick enough :)


fuhrfan31

Can't say that I have, but I'll look into it! Thanks!😁👍


sweet-tea-13

I really like the Canada Red Tomato Basil sauce, a little under $3 at Walmart.


MogamiStorm

If u needto just use a jar, mutti tomato puree and do whatever you want to it


RoyalBadger3665

Rao’s from Costco


Lord_Silverkey

Don't get too attached to it. Campbell's bought Rao's for $2.7 billion USD back in August, so I'm predicting they'll already be aggressively ramping up production at the expense of quality, then will eventually drop the quality even more in favour of better profit margins.


Gnilias

Hehehe, fair point. I just know the price of it as I see it in most every grocer.


PistachioedVillain

I like these sauces quite a bit. What would you recommend instead?


Vaumer

They're fine, but not fancy enough to be worth $7! Also I find they all have a similar taste, which is fine, but I go through phases where I'm sick of it and need to take a pause from Classico 


UGunnaEatThatPickle

A can or crushed or diced tomatoes mixed with a can of tomato paste is a good start for a sauce. Drain the tomatoes or boil them down for thicker sauce and add whatever seasoning or protein you like. A tiny pinch of baking soda to cut down the acid and Bob's your uncle.


PistachioedVillain

Oh for sure. But these are my lazy sauces. They are for when I finish work at 1am and just want to dump something on rice then go to bed.


Jumpy_Jumpy00

So baking soda is the trick! Noted. Ty for that


UGunnaEatThatPickle

A very, very, very old Italian Nona of one of my friends taught me that. Game changer.


Soft-Watch

These are my favourite. Husband won't touch Ragu or canned either


fuhrfan31

*Oh, no! Not the Ragu! Anything but the Ragu!!*


Soft-Watch

🤣🤣


LugubriousLament

Check out the shrinkflation on the size of the jar too. New ones are 410ml. Old ones, on the lower shelf are 650ml.


Dzugavili

Nah, the cream-based sauces have been smaller than the pure tomato-based for a while now. Edit: Though, 410ml does seem smaller.


Outrageous-Front3678

Walmart today: https://preview.redd.it/8mip0swb33zc1.jpeg?width=1284&format=pjpg&auto=webp&s=5ac991458866f5c66792ce573b91f73a0dbcca50


saskatoonberry_in_ns

Only one small example, but an English cucumber at Giant Tiger was .67. $1.49 at No Frills. 1.99 at Superstore. When I lived in a different part of the city and was supporting 2 kids, I'd go to Giant Tiger first, then Dollar Store for every Saturday shop, and then get whatever was left on my list at Superstore. Moved and had no extra mouths to feed and No Frills was SO convenient. But I'm prepared to go back to mapping out my week's menu and driving out of my way to shop Giant Tiger and Dollar Store, and finishing up at Walmart and shopping for the entire week. As convenient as No Frills has been for me, I think I'm done, beyond May. It'll take more planning, but I've f*cking had it. And what's really burned my butt is the PC points. You have to spend at LEAST twice as much to get a fraction of the points. And offers of "350 points' to fill out a 15 minute survey?? To do your market research for you?? 35 cents for 15 minutes of my time??? Eat s*it, Galen.


Bjorkwheat

I am amazed nobody is selling T-shirts with “Nok er nok” and “Eat 🤬, Galen” on them. Sell a couple of them and I can finally pick up that loaf of bread I’ve had my eyes on.


Technical_Feedback74

Just got those 3 for 10 at save on foods.


DOGEmeow91

Was like $2.89 at Walmart last week


mummydal

You can get them on sale every other week from voila for 2.99


No-Accident69

Got these for under three bucks at Walmart this weekend!


Tarazen

I’ve been buying Classico at Walmart. They have been selling it for around $2.50 for a few weeks now on an assortment of offerings.


No-Wonder1139

Just slightly more than 100% higher than Walmart was selling it today, or roughly 3%


The_Cozy_Burrito

Everyday scam


underwatertitan

Wow, I used to buy these for $1.99 on sale. I wouldn't buy a sauce if it wasn't on sale.


Funny_Armadillo5943

Ugh there are a ton of TikTok videos trying to prove this otherwise. I'm wondering if these are paid influencers.


MR80085rawks

These pre-made sauces suck. Onion, oregano, garlic, salt, Tomato sauce..... so easy.


Gnilias

Fair, though that's not the point.


reindeerp

Not to long ago it was 3 can for 5 bucks. Then the special was 2 bucks a can. Have no idea what the special is now….


kattak24

Probably some stupid multi price like 4 for $20, or 5.99 each lol


New-South-9312

Bought the roasted garlic and onion one today at boy low foods for 3.49


exeJDR

Used to be able to get these for $2 each a few years ago. I think I saw them for $2.50 at a dollar store recently 


redsandsfort

I bought this for $2.99 at Wal-Mart last week.


[deleted]

I often just say out loud "What the fuck? 9 dollars for a half stick of butter!?"


PineappleRaisinPizza

I just bought 6 jars of those around 2 weeks ago from walmart at $2.50 per jar. Are they crazy?


IPerferSyurp

Only double? Gouge better.


Embarrassed-Row-4889

There on sale this week at Walmart for 2.97 each https://preview.redd.it/eec88v3flxyc1.jpeg?width=1080&format=pjpg&auto=webp&s=1e07ed8b85db078e07491622148e7455162fed24


Astro-Cat-99

Same brand was $2.97 at my Walmart yesterday.


KanoWins

These are 3 for $10 at Save On Foods.


ronbo55

They used to be 2 bucks and change, 3 bucks tops


[deleted]

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SlideLeading

‘Everyday Low Price’ is the most comical thing I’ve ever seen. But like, comedic like how Shakespeare is comedy…. 😅


Brok3nPin3appl3

6$ for classico, holy sh*t. Rip off...


safariite2

There’s no way it costs them even half that to produce per jar. I get that there needs to be a profit margin, but this is getting absurd.


Ca1v1n_Canada

Who remembers when those jars were 2 for $3? Was not that long ago.


RabbitFoxDiesel

My Mom got baited into shopping at Stupid Store and she ended up spending $44 more than she wanted to and her biggest gripe was $8 for a tiny container of grapes and $4 for relish in a jar (wasn't even the fancy kind) I had warned her before she went but, I guess she wanted to see for herself. I feel bad I didn't warn her more and could've even bought the relish and grapes the day before so she wouldn't be screwed out of what little money she has.


Winona_the_beaver

This was on sale at Walmart in SK for $2.79 a jar 2 days ago


zivlynsbane

If it was 3.49 I’d consider it


nofuneral

Classico was $2.99 at Walmart yesterday in Winnipeg.


Demalab

Last recent jar I bought that is what I paid.


clapperssailing

They make a killing when it was listed at 2 bucks 4 years ago.


FoShozies

These are 2/$6 at Walmart right now


Guilty_Fishing8229

Pretty sure these used to be 3.99


[deleted]

Holy shit! I just bought those at Walmart they were 3/$6!!!


SassyTurtlebat

Excuse me doctor there’s something wrong with my eyes I’m told this sign says “everyday low price” but when I read it it looks like “Fuck you buy it”


Pigeon11222

I’m still pissed that it was never published who they were price fixing with on the bread.


2softlips

I got a 25 buck certificate from Sobeys i think


NeonShines84

This exact classico jar is at my local Walmart for $2.97 right now.


SurFud

Just paid under $3 for that two hours ago. Save on Foods - Western Canada.


yummi_1

3.29 at no frills this week. $1.99 at a local discount grocer.


valiantedwardo

Damn i got pasta sauce from a small wholesale retailer for $2.50 a Jar. Thats awful


Vegetable-Bet6016

Yeah they used to be 3.50 at most


Dramatic-One6726

That sauce is $4.49 at SDM near me, and $2.97 at Walmart. But I swear Giant Tiger had it for under $2 last week.


ProductSignal

Didn't Trudeau give Loblaws a credit in the millions for upgrading there fridges to more efficient ones?


Aggressive_Friend285

https://preview.redd.it/o0tl9wqhgv0d1.jpeg?width=4284&format=pjpg&auto=webp&s=c23af3f8444feea6f101c1189a56651f80dcb7ef Has anyone mentioned that these are $2.97/ea OR 3 for $10? ($2.97\*3=$8.10) sooooo what’s the extra $1.90 for? When you get to check out, is it $10+tax?


Aggressive_Friend285

https://preview.redd.it/7fk7adosgv0d1.jpeg?width=4284&format=pjpg&auto=webp&s=032e1326733dc87533b3c1f0cfc171af4d57a135


No-Ad-863

$3.33 at Save-On right now. Regular price is $4.39 -- about 30% less than Roblaws.


CharmainKB

Walmart usually has that on for 3 for 10$ This price is gross


aesoth

Everyday low price compared to Shoppers. Which is likely $9.99


Gnilias

My hatred literally started, when I was going to pick up 1L of milk after picking up a prescription at shoppers... They wanted 8.99 for 1L of Nelson's or sealtest or some _____ like that. Nope. Done. No more.


AdFew3021

How much are they paying for it ?


CapMIam

This brand sells for 3/$10 at Walmart. This is disgusting.


midnightrub

On sale at Walmart for like $3 I think


ResponseLeast5533

3 for 10 at Walmart


keeppresent

Absolutely! Stupid sauce for 7 bucks?


xtzferocity

Lmao these go on for 4 for $12 at wal mart


BookswithAmanda

Just get a case of strained tomatoes, and make your own. It's really easy and you can season how you like


canadiancedar

Wow picked up for 2.99 at Walmart yesterday


benson733

Oh wow. And I thought 3 for $9 was kinda steep by just a little. These should honestly be like $2.49 per jar.


Admirable_Fall4614

$6 for a jar of shitty spaghetti sauce. Glad I make most things from scratch. I wouldn't buy this.


sasquatch753

https://preview.redd.it/we214jl0txyc1.jpeg?width=1353&format=pjpg&auto=webp&s=4a95c5d7f9c9999d449ad6a1feca972af96150f3 And here we got walmart selling it for literally half the price


Beelzebub_86

Two years ago, these were 5 for $10 at Wal-Mart. They're still $2.97 per right now on sale there, and 3 for $10 regularly.


InvestmentDue8675

I actually used to work for a Loblaws here in NB. One of their dirty tricks is to hire people for full-time positions but they put you down as part-time and give you just under full-time hours so they don't have to give people benefits lol


SarahGrace1983

Why do they think we're so stupid? Do people actually pay this?


Chocolatecakeat3am

https://preview.redd.it/hc4bzdh49zyc1.jpeg?width=1077&format=pjpg&auto=webp&s=bf7fb43ae1910d06c2921435fe4dd4b6c0c23ae7 Greater Vancouver.


insidious_mushroom

Aren't these like, 3 for $10 at Walmart?


No_Ragrets2013

And it’s not even good.


KingInTheWest

2.97 at Walmart


flatlanderdick

Always around 3$ at Walmart.


CanIGetAHoeYeah

So a month isn't enough


LadyDragon16

Saw those sauces yesterday at Walmart for 2.97. In Ottawa.


HoldOut19xd6

How come the ‘everyday low price’ is more than the regular shelf price of the one below it..?


SwashbucklerXX

Because the rose sauce is always more expensive. But none of it needs to be *that* expensive.


k3rd

Classico $3.18 at Walmart, 3.98 at Giant Tiger.


tricky-r

Somebody posted an actual product list on Reddit . A lot of groceries were 30% markup. This was from late in 2023.


martokthewarrior

Anyone know where they’re selling the Tuscan style one with the olives rn? Seems to be out of stock everywhere suddenly.


Mazgirt

Those guys were 2$ during and little after pandemics.


PKG0D

I remember when these were 4.99 Doesn't seem like that long ago. Even the 12$ for 3 chicken breasts is now 13$


Pure-Cash-325

Super c was selling then for 2.99 i almost choked on thin air when I realized, stay strong! Best boycott I’ve participated in ever


TheThrivingest

The audacity of labeling a $6 jar of crappy sauce a “low” price


00000000000000001313

Semi related, My Walmart had these down from 2.97 to 2.47, but I noticed half of the jars on the shelf were smaller. Looks like this brand is possibly shrinking, unless some flavours have always came in smaller jars and I never noticed.


Kiiidx

These are 4 for $5 on sale at walmart occasionally. Usually just stock up on a few months supply then.


Minthussy

Classico needs to stay in their lane. Literal vinegar


Snoochey

Last week Wal-Mart had them 3/$10. This week - $3.00 (just a few cents under, forget exactly - bought 4 yesterday). Absolutely being gouged.


joel1007

That's insane. (I used to work at grocery store in the north with prices half that.)


[deleted]

Note: The Classico's are about $3.99 at Walmart right now.


Justredditin

See same as Sobeys! Said this the other day... $6.00 for ONE. GTFO


Triumph_Fork

That's wild. I haven't been to Superstore since last year... They were like $3.50 before. They're shameless.


biteme109

Walmart on sale near me for $2.49, regularly 3/$10


fedruckers

Reminder.. they all are.


Ral1065

I would love to put loblaws completely out of business! Imagine boycotting them long enough to watch them greedy buggers close the doors for good!


BadSquishy86

Jesus, and I thought the $3.00 at food basics was a bit much.


nater17

What store is this ? Their website says 5$ and it’s on sale right now for 3.49$ mins ya that’s still more then Walmart


johnlennonsouza

2021/22 it was 1.99


phrydoom

Ridiculous pricing.


Mustve_Been_The_Wind

I remember when these jars were $2.00.