Loblaw, Sobeys and Metro make up more than half of all food retail sales in Canada, according to the Who's Who 2022 report by industry trade magazine Canadian Grocer.
The flyer for the Victory Meat & Produce Market, a small grocer in New Brunswick, recently featured fresh local turkey for $3.99 a pound, two bags of carrots or onions for $4 and a bunch of celery for $2.29 — prices that rival its national competitors.
Loblaw, Sobeys and Metro make up more than half of all food retail sales in Canada, according to the Who's Who 2022 report by industry trade magazine Canadian Grocer. The federal competition watchdog has separately launched a study into grocery store competition in Canada, questioning whether"competition factors" — in addition to extreme weather, higher input costs, Russia's invasion of Ukraine and supply chain disruptions — could be affecting the price of food. The Competition Bureau plans to publish its findings in June.
"I would argue that consolidation provides economies of scale," he said."I know the view that there's value in size is unpopular ... but it probably helps prices. We have a very competitive consumer market for food." "We feel the pinch at the grocery store," von Massow said."We're looking for someone to blame and that's who's charging us more."
"It's just the environment we're in right now," Scholten said."Everybody is facing significant cost increases."
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