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.
What you say is true but the decision to check receipts may have come from a store manager just trying to solve a problem in their store. That manager can’t really force the giant corporation to make less money no matter that they are being jerks.
They dgaf about corporate social responsibility. You know, the bullshit universities were going on and on about while telling us we would be the next generation of CEOs, all the while selling us useless degrees that couldn’t even get us a fucking supervisor position at a dollar store.
Honestly bruh, there’s being an “armchair expert” and then there’s being in touch with reality. Your choice
It kind of does when you say they “have to” raise either prices. Why can’t they take the loss and let it eat into their excessive executive compensation packages? They could take a huuuge hit without going into the red.
I take it you subscribe to the belief that the only way to successfully run a business is to have ever increasing years of historically high record profits, year after year, at any and all costs?
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.
I agree they are price gauging. That has nothing to do with my argument.
Theft is a product of their price gouging
No they don’t
They don’t have to, they’re making money hand over fist
So then be clear and say you are angry at them for price gauging and not just get angry at them for everything they do for their business.
Everything they do “for their business” is detriment to human beings. It’s relevant, and thus why I bring it up.
I’m not just mad at them for price gouging. I’m mad at them for everything they do “for their business”.
Increased theft is the cost of price gouging. It should have been built into their calculations.
What you say is true but the decision to check receipts may have come from a store manager just trying to solve a problem in their store. That manager can’t really force the giant corporation to make less money no matter that they are being jerks.
They dgaf about corporate social responsibility. You know, the bullshit universities were going on and on about while telling us we would be the next generation of CEOs, all the while selling us useless degrees that couldn’t even get us a fucking supervisor position at a dollar store.
Honestly bruh, there’s being an “armchair expert” and then there’s being in touch with reality. Your choice
You really don’t like it when someone has a different opinion huh?
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It kind of does when you say they “have to” raise either prices. Why can’t they take the loss and let it eat into their excessive executive compensation packages? They could take a huuuge hit without going into the red.
I take it you subscribe to the belief that the only way to successfully run a business is to have ever increasing years of historically high record profits, year after year, at any and all costs?