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Thread: Loblaws Bread-Fixing Scandal, Get Your Free $25 Gift Card!

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    Default Loblaws Bread-Fixing Scandal, Get Your Free $25 Gift Card!

    https://globalnews.ca/news/3926527/l...-price-fixing/


    Loblaw Companies Ltd. is offering customers a $25 gift card as a goodwill gesture after admitting the company participated in an industry-wide bread price-fixing arrangement.

    “This conduct should never have happened,” said Galen G. Weston, CEO, during a conference call with analysts Tuesday.

    “The gift card is a direct acknowledgment of that to our customers. We hope that they’ll see it as a meaningful amount that demonstrates our commitment to keeping their trust and confidence,” he said in response to how the company arrived at the card’s $25 value.

    Loblaw and George Weston Ltd. revealed Tuesday that they participated in an industry-wide bread price-fixing arrangement from late 2001 to March 2015, but tipped off Canada’s competition watchdog and will receive immunity in the ensuing investigation.


    Customers can visit LoblawCard.ca and enter their email address to be notified once registration opens.
    Originally posted by GTS Jeff
    You know those bored stay at home moms who's entire lives revolve around driving their kids to soccer, various cleaning accessories, and worrying about neighbourhood rapists? The kind of people that watch the View and go "uh huh..." Those unfulfilled people who try to fill the void in their empty lives by writing whiny letters to the editor complaining about shit that no one really cares about?

    Well imagine if instead of writing that letter to the editor, she just posts on a car forum for car enthusiasts. That's Kritafo.

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    Thanks!
    "Masked Bandit is a gateway drug for frugal spending." - Unknown303

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    Thanks for the tip! Waiting 2.5 weeks just to get $25

    How many of us will remember? *puts alert into Calendar*

    I wonder who's going to get hit hardest from this scandal. If Loblaws made the first move for immunity, maybe something was coming down the pipeline and they made a deal preemptively.

    If 6 million people cash in on the gift card, $150 million is chump change for the profits they made over the decade-plus long fix.
    Last edited by rx7boi; 12-20-2017 at 11:26 AM.

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    Quote Originally Posted by rx7boi View Post
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    Thanks for the tip! Waiting 2.5 weeks just to get $25

    How many of us will remember? *puts alert into Calendar*

    I wonder who's going to get hit hardest from this scandal. If Loblaws made the first move for immunity, maybe something was coming down the pipeline and they made a deal preemptively.

    If 6 million people cash in on the gift card, $150 million is chump change for the profits they made over the decade-plus long fix.
    Add to the fact that they don't really lose with the gift card.
    I mean your going to going in spending more than $25. Its like CocaCola. The stores sell it as a loss because customers buy other items along side it.

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    As far as I know this doesn’t apply to calgary.

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    $25 worth of free PC beer! Oh if only I could order it online and have it waiting for me when I get home

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    Quote Originally Posted by rx7boi View Post
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    Thanks for the tip! Waiting 2.5 weeks just to get $25

    How many of us will remember? *puts alert into Calendar*
    Sign up in advance and they will email you when the registration opens

    Hell, $25 is a decent meal at home for 2, and you should never turn down a free meal

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    lol again pretty sure doesn’t apply to calgary

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    Quote Originally Posted by J-hop View Post
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    lol again pretty sure doesn’t apply to calgary
    Why are pretty sure that it doesn't? Care to provide a reason?

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    Quote Originally Posted by J-hop View Post
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    As far as I know this doesn’t apply to calgary.
    giphy.gif

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    The article I read did mention Alberta so I'm curious why Calgary would not be included.

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    Quote Originally Posted by roopi View Post
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    Why are pretty sure that it doesn't? Care to provide a reason?
    Read the article, you have to provide some sort of indication that you bought the products at a Loblaws market prior to March 1, 2015.

    Correct me if I’m wrong but didn’t the first Loblaws market in Calgary open just last year?

    Might make that requirement difficult to meet

    Edit:
    They will also have to declare that they bought certain packaged bread products at one of the eligible banner stores in Canada before March 1, 2015, he said.

    Actually isn’t that the first one in Alberta so Alberta is excluded from this
    Last edited by J-hop; 12-20-2017 at 02:55 PM.

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    Quote Originally Posted by J-hop View Post
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    Read the article, you have to provide some sort of indication that you bought the products at a Loblaws market prior to March 1, 2015.

    Correct me if I’m wrong but didn’t the first Loblaws market in Calgary open just last year?

    Might make that requirement difficult to meet

    Edit:



    Actually isn’t that the first one in Alberta so Alberta is excluded from this


    doesn't Loblaws own Shoppers Drug Mart as well?

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    Quote Originally Posted by J-hop View Post
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    Read the article, you have to provide some sort of indication that you bought the products at a Loblaws market prior to March 1, 2015.

    Correct me if I’m wrong but didn’t the first Loblaws market in Calgary open just last year?

    Might make that requirement difficult to meet
    Article says to "declare," not prove - probably a checkbox

    Also, Loblaw Companies owns Superstore, which has been in Calgary since the 1990s

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    Quote Originally Posted by taemo View Post
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    doesn't Loblaws own Shoppers Drug Mart as well?
    That wouldn’t have any impact on this.

    - - - Updated - - -

    Quote Originally Posted by bulaian View Post
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    Article says to "declare," not prove - probably a checkbox

    Also, Loblaw Companies owns Superstore, which has been in Calgary since the 1990s
    I read into that although they are owned by Loblaws they essentially aren’t operated by them and pricing doesn’t carry over.

    Plus this is specifically for Loblaws market from what I can tell. It’s for “banner stores”. Superstore is not a Loblaw banner store

    You can try but they’ll no doubt tell you to pound sand
    Last edited by J-hop; 12-20-2017 at 03:02 PM.

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    Quote Originally Posted by J-hop View Post
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    Read the article, you have to provide some sort of indication that you bought the products at a Loblaws market prior to March 1, 2015.

    Correct me if I’m wrong but didn’t the first Loblaws market in Calgary open just last year?

    Might make that requirement difficult to meet

    Edit:



    Actually isn’t that the first one in Alberta so Alberta is excluded from this
    Where the hell did you pull/ get the understanding this is only valid at "Loblaw's Market" (which is not even the name BTW, and has only existed as a brand since 2013).?!?!?!?! It blatantly states their banner stores. And yes, Superstore is.

    Put down the eggnog, sign up, and enjoy your $25 card
    Last edited by NoSup4U; 12-20-2017 at 03:15 PM.

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    I'm also pretty sure Loblaws owns Superstore, of which Galen Weston owns 47%. Superstore most definitely sells Weston (westfair) made bread.

    They sell about $45 Billion a year in food and take a "tiny" $623 million profit off of it. Though still, its made Galen Weston somewhere around the 2nd richest person in Canada. Taken from a commodity standpoint, having a pound of bread roughly equivalent in price to a pound of nickel - is preposterous if you look at actual labour needed. You could argue that you can't eat nickels (lets not forget than the Canadian loonie is technically nickel and has been since 1970 to 2012) but I leave that for another day. At $140 per ton wheat (7 cents per pound or so) the wheat to bread ratio is also preposterous if you consider mechanically produced bread.

    I get the strongest feeling that Trump actually influenced this. He was already gunning for the Canadian dairy board and its practices, and especially the Softwood Lumber pricing. To bring bread back to "reality" to a more realistic USA type price, might have been politically necessary.

    Pharma products are also in the middle of a huge price war. Shrelki, and some drugs instantly costing 100x more could be the norm.
    Last edited by ZenOps; 12-20-2017 at 03:38 PM.
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    Quote Originally Posted by NoSup4U View Post
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    Where the hell did you pull/ get the understanding this is only valid at "Loblaw's Market" (which is not even the name BTW, and has only existed as a brand since 2013).?!?!?!?! It blatantly states their banner stores. And yes, Superstore is.

    Put down the eggnog, sign up, and enjoy your $25 card
    Could be right but I’ve read that Loblaws doesn’t control superstore pricing as they effectively don’t operate superstore so they’re is a significant chance they aren’t included.


    And yes their grocers are referred to as Loblaws city market


    Edit:
    Actually I think I might be wrong on this with superstore. It might be named in this.

    Watched globals coverage and they named Atlantic Superstore which is distinct from real Canadian superstore so that’s questionable

    Will be interested to see the results in January. But I won’t hold my breath
    Last edited by J-hop; 12-20-2017 at 03:37 PM.

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    Quote Originally Posted by J-hop View Post
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    Could be right but I’ve read that Loblaws doesn’t control superstore pricing as they effectively don’t operate superstore so they’re is a significant chance they aren’t included.


    And yes their grocers are referred to as Loblaws city market


    Edit:
    Actually I think I might be wrong on this with superstore. It might be named in this.
    Oh god they do. They do.
    Same with the other grocery stores and parent companies, they defo do.

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    Quote Originally Posted by J-hop View Post
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    Could be right but I’ve read that Loblaws doesn’t control superstore pricing as they effectively don’t operate superstore so they’re is a significant chance they aren’t included.

    Edit:
    Actually I think I might be wrong on this with superstore. It might be named in this.
    Trust me, majority of category management across their banners is controlled from the Loblaws head office, so wherever you read/ heard that is inaccurate. I was in Key Account Management at one point so I lived this personally. Pricing is set based on region and banner, so this might be where the confusion was extracted.

    Nothing but gain by signing up
    Last edited by NoSup4U; 12-20-2017 at 04:02 PM.

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