Canadian retailer Loblaw Companies Ltd on Wednesday reported first-quarter sales rose 6%, helped by strong demand for essential goods including groceries and drugs.
Loblaw executives said Wednesday that the grocer is continuing to see ‘outsized’ price hikes passed on from it suppliers, particularly big multinational food brands.
Galen G. Weston has played both spokesperson and corporate leader for Loblaws’ grocers and has defended the company’s profits amid soaring food inflation.
Galen G. Weston has played both spokesperson and corporate leader for Loblaws’ grocers and has defended the company’s profits amid soaring food inflation.