Nice to hear. After selling our grocery store, husband went to work in one. It was always a big deal when Galen (Jr or Sr -- we've been around for a while) deigned to drop by. I appreciate Mr. Bank's approach.
The number of tariff-hit products at the grocery store could soon spike as pre-tariff inventory runs out, CEO Per Bank said, which means prices for some items will go up too.
globalnews.ca
Loblaw says number of tariff-affected products will triple in coming weeks
The number of tariff-hit products at the grocery store could soon spike as pre-tariff inventory runs out, said Loblaw Cos. Ltd. chief executive Per Bank, which means prices for some items will go up too.
Loblaw has been aggressive in marking which products are affected by tariffs, a tally that so far it has limited to a little over 1,000 items. But that total will rise to more than 3,000 within the next week or two, and could peak at over 6,000 within the next two months, said Bank in a LinkedIn post on Wednesday.
“While the tariff situation might be improving between the U.S. and other countries, that’s not yet the case here in Canada. In fact, we’ll be facing a large wave of tariff-related increases in the weeks ahead,” he said.
Tariff-affected items will still account for a small share of the roughly 80,000 items the company stocks, but customers will notice changes in categories including natural foods, pantry staples and health and beauty products, he said.