Viewing a single comment thread. View all comments

spoof17 t1_iy16s68 wrote

Prices are locked.*

^ *at the highest prices they have ever been because we matched the arbitrary price hikes that the big brand names did.

1,293

Relative_Ad1685 t1_iy1ekfv wrote

Yeah....and for a whole 2 months. All bets are off Jan 31st.

231

TheRC135 t1_iy2be77 wrote

Also, the period from around Thanksgiving to Christmas is insane in grocery stores. Season changeover, tons of special holiday products, decorations, unusual delivery schedules, some of the busiest days of the entire year...

They generally don't mess with prices at this time of the year anyway.

74

[deleted] t1_iy1imrt wrote

[deleted]

213

spoof17 t1_iy1iswa wrote

Legit though, have you seen any of those videos weighing what your paying for vs what your getting. False atvertisment at best in some cases.

48

artraeu82 t1_iy4jlon wrote

Their products are also shit, the worst of the off brand stuff.

5

lolmemelol t1_iy1s238 wrote

Fuck Galen Weston and this fake-as-fuck price freeze PR move.

They froze the prices while they were high. They only "froze" the shitty No Name house brand; they didn't freeze their Presidents Choice house brand. They previously got caught price fixing - we all know they are up to shady shit considering all the major grocers in Canada are making record profits during a pandemic and massive inflation.

91

jenkinsonfire t1_iy289vp wrote

Why is Canada just a dirty breeding ground for this type of fuckery?

12

lolmemelol t1_iy29tsl wrote

It sure is interesting when the three cellular providers all release the same plans on the same day. Not shady at all is it, CRTC?

29

skmo8 t1_iy2f05z wrote

Because Canada has always had a small group of wealthy people who act toward their collective benefit, often by influencing government decision making.

The Family Compact never went away.

16

010011100000 t1_iy32ri5 wrote

Because the government actively encourages oligopolies

9

unebellecoeur t1_iy2s981 wrote

I also read somewhere that its pretty typical to “freeze” prices in Q4 for budgeting purposes etc…so its just all around so ridiculous

10

pokepoke t1_iy4syel wrote

Loblaws does over $50 billion per year in revenue. This is not about making things better for the average consumer.

2

Taniwha_NZ t1_iy1rvsn wrote

Here in NZ, shortly after the inflation scare got going, the major supermarkets all introduced some kind of price-freeze marketing ploy. They promised to keep prices the same on all essentials, or took prices back to 2 years ago, etc.

In every single case, the deals turned out to be lies. They either raised prices beforehand, or chose items they controlled themselves, or the offer had all sorts of conditions.

These companies aren't charities, the modern supermarket CEO would kill his own grandmother to hit their bonus targets and trigger share-buybacks or splits or vesting or whatever their contract promises them.

Whatever they are promising, they are actually just profiting even more than usual.

77

MetricJester t1_iy2mmge wrote

The company that own No Name has a stranglehold on our food in Canada. They have like a 75% market share of everything. They owned half of all bakeries, one third of all frozen food processing, and had deals with nearly every farm. They own entire corners of some markets, and have eked out or bought up 2/3 of all grocery stores, and drug stores.

25

TamanduaShuffle t1_iy3u4ms wrote

Canada really likes monopoly eh?

9

spoof17 t1_iy437te wrote

Check out internet and cellphone plans

Goverment sanctioned monopoly.

10

Lorneehax37 t1_iy4jfbf wrote

Power companies and liquor stores in every province.

3

MetricJester t1_iy3x8vg wrote

No we complain about it nearly as much as we complain about the weather. The trouble is there's not much room in a market with only 38 million people. In the states that's like three major cities, here that's the whole country.

0

spoof17 t1_iy1s96a wrote

No, you see my insert big business name here is different they really care for my time and dedication I've spent 10 years oh I'm fired for not attending a meeting that I was out of the country on vacation for?

At least I can trust that they won't be making record breaking profits through shady business practices off of me and my fellow citizens who are struggling financially since the world decided to get a little kooky.

7

223454 t1_iy3vu4p wrote

>raised prices beforehand

This is common in the US too. I've heard that stores will raise prices leading up to a sale (like Black Friday). JCPenney was known to do this.

2

Ladymistery t1_iy2ne45 wrote

Yup.

"and Feb 1, prices will get jacked up again because we can."

​

*sigh*

8

Crackersnuf t1_iy2w3ps wrote

Prices locked, so our suppliers can wear the inflationary costs and potentially go out of business

−6

spoof17 t1_iy43fld wrote

How are corporations raking in >30% margin with record breaking profits facing going out of business?

1