STELLARTON, N.S. — With its acquisition of Safeway’s Western-based Canadian stores in the bag, Sobeys is doubling down on consolidation efforts, demanding that its suppliers reduce their prices by 1% retroactive to November. At the same time, the company made it known that it would not accept any price increases for most merchandise during 2014. The move reflects the crunch which grocers are feeling in a busy competitive market, and may inspire other players in the industry to follow suit, says Report on Business in The Globe and Mail.
Sobeys lays down the law to suppliers
Most Recent
Most Read
CertainTeed Canada introduces Lanaé, a new insulation technology
Mon, June 16th, 2025
Castle Building Centres raises over $47,000 for IWK Health Centre
Mon, June 16th, 2025
IKEA Canada transforms its loyalty program
Mon, June 16th, 2025
Global DIY Summit tackles creating meaningful customer relationships
Fri, June 13th, 2025
EvoX welcomes new member
Fri, June 13th, 2025
Industry descends on Lisbon for Global DIY Summit
Thu, June 12th, 2025
AD Canada marks successful annual meeting
Thu, June 12th, 2025
CTC headquarters to get upgrade
Thu, June 12th, 2025
Throwback Thursday: 20 years ago, Michael Schurman was inducted into the P.E.I. Business Hall of Fame
Thu, June 12th, 2025
Dollarama reports Q1 growth
Thu, June 12th, 2025