Personal Shopper Part Time Day

Loblaw not yet seeing price increases due to elevated fuel costs. Grocer "fighting back" against "unjustified" requests from suppliers Loblaw opened its first No Frills in Komoka, Ont. in March, debuting a new, modern design. Photography courtesy Loblaw Companies Loblaw Companies said high fuel costs are not yet affecting prices in its stores. Per Bank, chief executive officer, said the food and pharmacy retailer is "fighting back on price increases from suppliers." "So far, we are not seeing any price increases due to [high fuel costs]," Bank said on Loblaw's first quarter earnings call Wednesday (May 6). Richard Dufresne, chief financial officer, added: "It's definitely more in Q2 we see a slight change, but not material." In his opening remarks, Dufresne said Loblaw's inflation measures at the cash register are "more or less" aligned with same-store sales growth. "Our efforts to push back on unjustified cost increases from global suppliers has delivered results, helping to reduce the inflationary pressures on Canadians," he said. Revenue, including the company's retail operations and its PC Financial business was $14.72 billion, an increase of $589 million. Retail revenue alone was $14.48 billion, a $580 million increase. PC Financial is being sold to EQ Bank for $800 million. The deal, announced last December, is expected to close this year. Food retail same-store sales increased by 2.4%. Drug retail same-store sales rose 4.1%. E-commerce sales increased by 20.3%. "We deliver solid financial results, including strong revenue and adjusted EPS growth. And I'm delighted that we are able to achieve this while making significant investments to grow our pharmacy and discount presence, expand our T&T banner into the U.S. and advance two new technology enabled distribution centres," Bank said. The first quarter's food sales growth included results from 28 discount stores that have opened since 2023. "These stores are averaging double digit same-store sales growth," Dufresne said. Loblaw opened 13 stores in the first quarter of its 2026 fiscal year, which ended March 28. That includes eight Shoppers Drug Mart stores and five hard discount supermarkets. On March 26, the retailer opened its first No Frills in Komoka, Ont. No Frills called the location a "fresh take on the traditional warehouse feel," intended to change the way people view discount shopping. The grocer plans to open a total of 30 discount stores this year. "We're confident that we can continue to build about, I don't know, 30 to 40 new No Frills and Maxis per year, and about 70 stores total including Shoppers Drug Mart," Bank said. Dufresne said Loblaw's discount banners remain a key driver of absolute sales growth, but said its conventional business "remains very healthy." "When we look at our same-store performance, our total growth - despite the fact that we're not adding much square footage, if any, that business continues to perform really well for us," he said.

Skip, Loblaw bring grocery delivery to more Canadians. 3 hours ago Skip has officially partnered with Loblaw to bring nationwide grocery delivery to millions of households. This collaboration allows customers to order fresh produce, pantry staples, and everyday essentials from 13 different Loblaw banners directly through the Skip app. Whether it is a last-minute dinner save or a mid-week pantry refill, Canadians can now access a massive variety of products from some of the country's most trusted grocery names. The partnership includes popular banners such as No Frills, Real Canadian Superstore, Loblaws, Maxi, and Your Independent Grocer. This partnership brings together two of the most recognizable names in Canada. Skip, which began as a Prairies-based startup in 2012, has grown into a massive technology success story, now operating in over 450 cities and towns. On the other side, Loblaw remains Canada's food and pharmacy leader, boasting a massive footprint of over 2,800 locations nationwide. "Our partnership with Loblaw brings together two homegrown brands to redefine convenience and bring the best of Canadian grocery directly to customers' doors," said Paul Sudarsan, Senior Vice President of Partnerships at Skip. He noted that the goal is to meet Canadians exactly where they are, regardless of their postal code or price point. To celebrate the launch of this nationwide service, Skip is offering a significant promotion to encourage users to try the new grocery feature. From now until May 31, 2026, Canadians can receive 30% off their first three Loblaw orders of $45 or more (up to a $15 discount per order) by using the promo code SHOP30. P.S. Want to keep this site truly independent? Support Iphoneincanada by buying Iphoneincanada a beer, treating Iphoneincanada to a coffee, or shopping through Amazon here. Links in this post are affiliate links, so Iphoneincanada earn a tiny commission at no charge to you. Thanks for supporting independent Canadian media! 0 Comments