Loblaw freezes food prices
By Food in Canada StaffBusiness Operations Editor pick Food inflation Loblaw private label
Loblaw announces a price freeze on more than 1,500 No Name brand items, in an effort provide grocery-bill predictability to Canadians facing the highest food inflation in decades.
No name is sold in more than 2,400 stores, including Loblaws, Zehrs, Real Canadian Superstore, No Frills, T&T, Atlantic Superstore, Maxi and Shoppers Drug Mart.
Effective today and until the end of January 2023, No Name product prices will be frozen. Food prices have risen rapidly over the past year, with increased suppliers’ costs due to fuel, labour, weather and global conflict, which are passed to retailers, and reflected on grocery shelves.
In an email to millions of PC Optimum members, Loblaw president and chair, Galen Weston, said, “Anyone who regularly visits the grocery store knows that over the past year the cost of food has increased rapidly. Maddeningly, much of this is out of our control. That’s why, to help Canadians hit the brakes on food inflation, we are focusing on what is in our control. Starting today, we’re freezing prices of all No Name products — more than 1,500 grocery essentials, sold in stores across the country – until January 31, 2023. In the weeks ahead, we’ll continue to lower prices [through PC Optimum], in our flyer, and across our stores, all designed to provide immediate relief from escalating food costs.”
Print this page