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Loblaw hits the brakes on food inflation by freezing prices on 1,500 no name products
Loblaw hits the brakes on food inflation by freezing prices on 1,500 no name products ...
About this update from Loblaw Companies Limited
[{"type":"text","content":"\n \n \n \n Loblaw hits the brakes on food inflation by freezing prices on 1,500 no name products\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n BRAMPTON, ON\n \n \n ,\n \n \n Oct. 17, 2022\n \n \n /CNW/ - Today, Loblaw Companies Ltd (TSX: L) \"Loblaw\" announced a price freeze on more than 1,500\n \n no name\n \n brand items, in an effort provide grocery-bill predictability to Canadians facing the highest food inflation in decades. With a range of grocery and household essentials,\n \n no name\n \n is\n \n Canada's\n \n second-largest food brand, already offering average savings of 25% against comparable name brands.\n \n \n \n \n \n \n \n \n Available within minutes of most Canadians, the brand 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. The\n \n no name\n \n brand has a wide assortment of essentials including apples, potatoes, butter, eggs, cheese, rice, pasta, toilet paper and paper towels.\n \n \n Effective today and until the end of\n \n January 2023\n \n ,\n \n no name\n \n 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.\n \n \n In an\n \n email to millions of PC Optimum members\n \n , Loblaw President and Chairman,\n \n Galen Weston\n \n , said the following:\n \n \n 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.\n \n \n That's why, to help Canadians hit the brakes on food inflation, we are focusing on what\n \n is\n \n in our control. Starting today,\n \n we're freezing prices of all\n \n no name\n \n products\n \n —\n \n more than 1,500 grocery essentials,\n \n sold in stores across the country – until\n \n January 31, 2023\n \n .\n \n \n In the...