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To: Loblaws Board of Directors

Stop the Loblaws Price Hike

Stop the Loblaws Price Hike

Loblaws: stop profiting from inflation at our expense.

Why is this important?

Loblaws is profiting from inflation — raising prices more than they have to and hitting Canadians with sky-high grocery bills.

Loblaws is raking in record profits at our expense. Last week at their AGM, Loblaws announced a banner quarter — a staggering 40% profit increase from this time last year. [1]

Worst of all? Loblaws isn’t just profiting off inflation — they’re DRIVING it. A recent report from the CCPA found that Canada’s inflation rate would be at least a quarter lower if not for the profiteering of companies like Loblaws. [2] A 25% increase in grocery costs could mean the difference between putting food on the table and paying rent.

Loblaw Companies Ltd owns hundreds of grocery stores across the country: their stores include Loblaws Market, Real Canadian Superstore, No Frills, Shoppers Drugmart, Loblaws Market, Joe Fresh and more. We all shop at these stores — and we’re all paying the price for their greedy profit margins. [3]

Loblaws should be making sure every Canadian can access the basic necessities of life. We already know they can afford it — they boasted $12 Billion in revenue this quarter alone, and gave $437 million in profit to their shareholders. [4]

Will you send an email calling on the Loblaws Board of Directors to stop profiting off inflation and bring grocery prices down while their record-breaking profits are still in the headlines?

Sources
[1-4] https://www.thestar.com/business/2022/05/05/critics-accuse-loblaws-of-profiting-from-inflation-as-profits-surge-by-40.html

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Updates

2022-05-17 11:05:47 -0400

5,000 signatures reached

2022-05-12 16:32:55 -0400

1,000 signatures reached

2022-05-12 16:10:21 -0400

500 signatures reached

2022-05-12 15:59:59 -0400

100 signatures reached

2022-05-12 15:59:02 -0400

50 signatures reached

2022-05-12 15:58:37 -0400

25 signatures reached

2022-05-12 15:58:09 -0400

10 signatures reached