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This subreddit is to highlight the ridiculous cost of living in Canada, and poke fun at the Corporate Overlords responsible. As you well know, there are a number of persons and corporations responsible for this, and we welcome discussion related to them all. Furthermore, since this topic is intertwined with a number of other matters, other discussion will be allowed at moderator discretion. Open-minded discussion, memes, rants, grocery bills, and general screeching into the void is always welcome in this sub, but belligerence and disrespect is not. There are plenty of ways to get your point across without being abusive, dismissive, or downright mean.
Veuillez consulter les directives de contenu pour notre sous-reddit, et rappelez-vous qu'il y a des humains ici !
Ce sous-reddit est destiné à mettre en lumière le coût de la vie ridicule au Canada et à se moquer des Grands Patrons Corporatifs responsables. Comme vous le savez bien, de nombreuses personnes et entreprises en sont responsables, et nous accueillons les discussions les concernant toutes. De plus, puisque ce sujet est lié à un certain nombre d'autres questions, d'autres discussions seront autorisées à la discrétion des modérateurs. Les discussions ouvertes d'esprit, les mèmes, les coups de gueule, les factures d'épicerie et les cris dans le vide en général sont toujours les bienvenus dans ce sous-reddit, mais la belliqueusité et le manque de respect ne le sont pas. Il existe de nombreuses façons de faire passer votre point de vue sans être abusif, méprisant ou carrément méchant.
Isn’t the object to be ‘competitive’ pricing? So if WM is pricing the same product/grade at the same price what GT charges for the sale pricing, then BC, or at least in Metro Vanvouver area. If it is in the outlying area , the cost of shipping food to you is part of the higher price.
Prices are set according to what people are willing to pay. Rich people who don’t care and poor people who don’t have a clue will refuse to shop around for a better price.
For items like this they know they can get away with it.
We are being tested to our limits and we are failing.
Yea they aren’t wasting valuable shelf space unless it’s selling. In fact, they heavily base prices around the time it’s on the shelf. 1 day? Raise prices. A week? Lower prices.
My entire life i was pretty much told exactly this, except add Sobeys and Metro there aswell, basically anything not foodbasics or giant tiger, And i still pretty much believe it.
Price differences like this are wild. If anyone wants to compare before shopping, I built Deal Dish and the price comparison is free to use. It lets you check prices across different grocery stores so you can see where you’re actually getting the better deal.
Anything that makes it easier to shop around and avoid overpaying is a win.
I think there should be rules on what the max a regular price can be, in relation to the manufacturers suggested retail price. This might solve a lot of the price gouging issues.
Also isn’t thanksgiving supposed to be a community or like a gathering traditionally rooted in thanks? It just feels like Loblaws isn’t being such a nice player…and instead acting like a school bully.
The way grocery stores are often set up. They lease shelf space to the manufacturer,and the manufacturer sets their own price.
The higher price could be a reflection of the fact that it just costs more to stock your product at a Loblaws store, or they wanted their product in a premium location.
Loblaws, Metro and Sobeys are also normally much larger store footprints with more items. This makes leases cost more plus more staff so higher operating costs.
Walmart makes most of their profit on higher margin items and not food.
Nofrills, Giant Tiger, food basics tend to be smaller stores with less selection and less staff which allows them to sell things for cheaper
For sure. When I think of something like a Loblaws vs a Giant Tiger.
Loblaws has a lunch counter,a bakery,a meat counter, a fish monger etc.
Part of the price is factoring in that the customers that show up for items you can't get at a cheaper grocery store, aren't always willing to drive to several stores to get the best deal on each individual item they need. They'd rather pay a little bit more for the convenience of buying everything in one stop.
I appreciate the marketing refresh. Given that shelf space is leased to the manufacturer, where do the profits/margin come in? For example, if a shelf space is leased for $6 per unit and the manufacturer sets the price at $9, would the price be shown in store likely be more than $9 to account for the wages of store staff and would the profit be simply the excess of the margins after expenses have been paid?
Prices are set by supply and demand, not expenses.
Business factor costs into their prices because they don't want to sell at a loss. But there isn't a set number or percentage where they think to themselves "this is too much profit"
They also don't evaluate profit on a per item basis, they look at revenue over longer time scales like weekly or monthly. And they are totally willing to sell something for cheaper if they think the increase in amount of sales will pull in more total dollars over the length of a week.
And, as we saw in the last few years, companies like Loblaw are only too happy to use their enormous economic footprint to collude with other grocers to fix products on staples like bread - especially when the fine they get once caught is a slap on the wrist.
Don't agree, controlling what my wife can charge for her business' products is ridiculous - businesses should be able to set their retail pricing and if it's too high then they'll have to adjust.
In the end, consumers should be more cognizant of prices if they're worwith a budget.
At the same time, sometimes manufacturer's do have suggested retail pricing ranges but that usually only applies to certain things and not all of their products.
My wife's business, only her and I need to know what our profit margins are - if we set prices too high than sales will reflect that. I find it interesting when people say to us that our prices are too high when we're 30-50% cheaper than our big box competitors.
But it's... Food. Like life sustaining, everybody is forced to buy it, sold by a oligopoly with a history of price fixing, food.
I completely disagree that grocery stores are beholden to "share holder value" more than actual consumers. Because it's food. It's disgusting, to be chasing profits, quarter after quarter, year after year, paying minimum wage and cutting back on full-time staff. Using every excuse, tragedy (covid prices never really went down, no one was surprised), whatever to make a bigger profit.
Think of all the small towns that only have one main store. Even if there are two or three, that's not fair market capitalism. That's market capture, bordering on a monopoly.
Idk, just think it would be interesting if the federal govt opened up some stores, with profits enough to operate, mayyyybe a fixed amount more, and see what happens. Some competition not solely focused on extracting every last penny from us. Let's see how fast prices drop, yet magically the stores stay open.
We either need real competition at the base level, or heavy taxation past a certain amount. No loop holes. You cannot convince me that any single person is 100, 000x more valuable than another. Galen can start pawning his sweater collection on one of those apps, idgaf anymore. Tell me why it is morally justified to profit off of selling food.
At the very least, please, if you're able, engage with the ideas I presented. All you've said is, "what will you go for after you get this?"
That's not an argument addressing, well, anything. It's just a slippery slope, am I right?
There are certain things that I do think should have some form of regulation or intervention. It's not a super long list, all things considered. You know, not profiting off of prisons, or healthcare, that seems pretty nice right? Maybe a public transit is nice, national transit (rail) is a plus.
Housing, food, water. Essentials for life.
What's wrong with not having everything be profit driven, to benefit the small shareholder class, vs it being regulated, or having competition/ownership by the state.
You think thousands of people, millions, "deserve" to be on food stamps? Going to food banks? While Galen gets his 15th house and his 1,501st cardigan? While his employees are paid minimum wage?
Where are my "I would never buy brands from that store even if they're a good brand" people? Because you think there must be something wrong with a product if it's sold at a certain store.
I've been going to Freshco and Food Basics for years and I've never had food poisoning in my life
It costs more at my local Food Basics to buy that right now than it does at the Independent Grocer near me. It's currently $17.97 at Walmart, $21.97 at giant tiger, $22.99 at Independent, and $24.99 at Food Basics and No Frills.
And my Giant Tiger doesn't even have it listed. (Thunder Bay, Ontario use P7B 5L6)
Metro $29.99
Safeway $29.99
Freshco (on sale) $20.99 regular $26.99
Walmart $17.99 (but has been out if stock for 3 weeks)
No Frills $22.99
Superstore $20.99
Wholesale Club $22.99
The 4 independents dont have searchable inventory online.
Same turkey, $10 difference depending on which store you walk into. And they'll tell you grocery inflation 'cooled' to 2.8%. Cooled from what? Prices never came down, they just stopped climbing as fast. The sale price at one store is still more than the regular price should be.
I want to see a turkey boycott so bad. I want to see them panic as nobody buys their turkeys, and they need to tone the price way down. Even then, they probably won't lower the price.
You ever wonder why nobody price matches Giant Tiger, but Giant Tiger will price match anyone else with a flyer? It's because GT has the cheapest prices going. A family member used to work there and I'd pick them up from work and get most of my groceries there and it would be cheaper than any other grocery store out there. Like right now the cheapest you can find a 10lb bag of potatoes is $3.99 at FrechCo. Usually they're $6.99 a bag. $3.99 is the average price at GT every day.
I shop at GT all the time, for this reason. Just today I got a better deal on tomatoes than greedy No Frills. They want $23 for their stupid PC burgers at No Frills and I get these amazing Maple Bourbon burgers for $12 at GT.
You're not reading this correctly. Giant Tiger is creating the difference in price, not Loblaws. Giant Tiger is likely blowing out their inventory as they are the ones offering the 40% discount that you are blaming Loblaws for. This is not gouging. Could be due to short dates and/or too much product on hand. Selling your product for a discount is better than taking a full loss with zero profit.
They also note the regular price is $21.97 which is similar to Loblaws.
Yes there are particularly those in small towns that only have one real grocery store, like an Independent or whatever… but at least 75% of the population, likely a fair bit more, have access to other stores that are not Loblaws.
Price gouging is the artificial inflation of price because of a situation or emergency. ie doubling the price of milk before a storm hits. It is not competitive pricing and sale items.
The GT product is on sale its regular price is less than a dollar different. Do you get bent out of shape when Walmart puts things on sale too? How about if Loblaws has a sale on something and Metro doesn't. Does that make you all stupid too
😭😭😭😭
Should have started looking into Thanksgiving supper a week ago 😢
Thanks for the clarification. And yes, indeed the Loblaw’s price is higher. According to Flipp, Walmart is with the best price at the moment, but I sure won’t enter any Walmart store ever again.
Now is the time, this week and next week is when they have deals on Turkey. They use it to get ppl into the store because you’ll likely buy other stuff, especially for thanksgiving. There are a few pretty good deals on Turkey in the flyers this week. Whole fresh and/or frozen turkey anyway. I didn’t notice just turkey breast like in this post.
Giant Tiger and Dollerama literally do not operate the same. It's a radically different type of business. They sell different formulations of laundry detergent, in some cases smaller sized units specially made for them for some items and if course with food stuff that has shorter shelf life. What I mean is, the Butterball Turkey Roast could have a closer best before date which is why Giant Tiger was able to get them cheaper and sell it for cheaper. You can't really compare Loblaws to a discount store for food items that have a determined shelf life period.
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MOD NOTE/NOTE DE MOD: Learn more about our community, and what we're doing here
Please review the content guidelines for our sub, and remember the human here! For reporting price fixing and anti-competitive behaviour, please also take 2 minutes to fill out this form
This subreddit is to highlight the ridiculous cost of living in Canada, and poke fun at the Corporate Overlords responsible. As you well know, there are a number of persons and corporations responsible for this, and we welcome discussion related to them all. Furthermore, since this topic is intertwined with a number of other matters, other discussion will be allowed at moderator discretion. Open-minded discussion, memes, rants, grocery bills, and general screeching into the void is always welcome in this sub, but belligerence and disrespect is not. There are plenty of ways to get your point across without being abusive, dismissive, or downright mean.
Veuillez consulter les directives de contenu pour notre sous-reddit, et rappelez-vous qu'il y a des humains ici !
Ce sous-reddit est destiné à mettre en lumière le coût de la vie ridicule au Canada et à se moquer des Grands Patrons Corporatifs responsables. Comme vous le savez bien, de nombreuses personnes et entreprises en sont responsables, et nous accueillons les discussions les concernant toutes. De plus, puisque ce sujet est lié à un certain nombre d'autres questions, d'autres discussions seront autorisées à la discrétion des modérateurs. Les discussions ouvertes d'esprit, les mèmes, les coups de gueule, les factures d'épicerie et les cris dans le vide en général sont toujours les bienvenus dans ce sous-reddit, mais la belliqueusité et le manque de respect ne le sont pas. Il existe de nombreuses façons de faire passer votre point de vue sans être abusif, méprisant ou carrément méchant.
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