Industry minister wants a foreign grocery giant to challenge Canada's Big Five. Will anyone bite? (spoiler - no.)

[CdnFox]

https://www.thestar.com/business/industry-minister-wants-a-foreign-grocery-giant-to-challenge-canadas-big-five-will-anyone-bite/article_dcda81e4-a0f1-11ee-aacf-7fbba27f0298.html

So he's asked other food retailers to come to canada to compete with the ones we have because they're 'ripping us off' and if these people come they can still make good profit but charge lower prices.

And the answer (politely) from all of them seems to be NO times NO to the power of OH HELL NO.    Or thanks but no thanks we're good.

Canada - one of the worlds larger producers of food - cannot attract investments for grocery stores.

This is what we've come to.

[ExFlyer]

The industry minister is a dolt. As are all of Justin's cabinet.

Yes, the grocery chains make money, that is what they are supposed to do for their shareholders.
As they said though, it is their ancillary businesses that are making all the money. Shoppers, Joe Fresh, Valu mart, Zehrs, Jean Coutu, Brunet, Lawton Drugs , BoniChoix and on and on  that are not grocery stores. Of course, Walmart and Costco sell much more than groceries too.

Bottom line is that industry minister can crap on grocery stores but we, the people, are the ones buying form the subsidiaries of the chains and increasing their profits.

Just another  Trudeau tactic tryign to deflect his responsibility for poor economic policy.

[CdnFox]

5 minutes ago, ExFlyer said:

The industry minister is a dolt. As are all of Justin's cabinet.

Yes, the grocery chains make money, that is what they are supposed to do for their shareholders.
As they said though, it is their ancillary businesses that are making all the money. Shoppers, Joe Fresh, Valu mart, Zehrs, Jean Coutu, Brunet, Lawton Drugs , BoniChoix and on and on  that are not grocery stores. Of course, Walmart and Costco sell much more than groceries too.

Bottom line is that industry minister can crap on grocery stores but we, the people, are the ones buying form the subsidiaries of the chains and increasing their profits.

Just another  Trudeau tactic tryign to deflect his responsibility for poor economic policy.

All true.

As proof of his allegations the minister points to the fact that the grocery stores make RECORD PROFITS EACH AND EVERY YEAR!!!!!!

Yeah dumbass - you're bringing in about a million extra people a year right now, and some research indicates  they all eat food. It s a cultural thing or something.

You hand the grocery stores an extra million customers a year and they don't need to be overcharging to make more money than they did last year.  You make a buck an apple this year but sell a mllion more apples next year than you did this year guess what happens to profits?  

[Perspektiv]

13 hours ago, CdnFox said:

'ripping us off'

Its disturbing the lack of understanding of business that this person has.

To blame grocers, is oversimplifying the problem.

They like any business, will want to profit. Their operational costs go up, well then, their prices will reflect this, for them to remain profitable.

Requesting they cut their costs, ignores the unintended consequences of doing so. IE where to cut. 

It obviously won't be from their supply chain or from their executives, so those who will fall, likely will be at the bottom of the food chain, meaning employees. Or they pressure suppliers who shrink packaging to hold the same rates. 

Since you can't cut salaries, you cut jobs. 

A smarter approach is studying the factors affecting the price increases across Canada, and remedying it.

[CdnFox]

7 hours ago, Perspektiv said:

Its disturbing the lack of understanding of business that this person has.

To blame grocers, is oversimplifying the problem.

They like any business, will want to profit. Their operational costs go up, well then, their prices will reflect this, for them to remain profitable.

Requesting they cut their costs, ignores the unintended consequences of doing so. IE where to cut. 

It obviously won't be from their supply chain or from their executives, so those who will fall, likely will be at the bottom of the food chain, meaning employees. Or they pressure suppliers who shrink packaging to hold the same rates. 

Since you can't cut salaries, you cut jobs. 

A smarter approach is studying the factors affecting the price increases across Canada, and remedying it.

Precisely.  Grocers aren't going to run their operations for free. Something has to give somewhere for them to charge less and it's not going to be in their pocketbooks.

Another unintended consequence can be shutting down less profitable stores in more remote locations.

But this is how the liberals work   if you're poor. lets blame the rich.  If you aren't happy with life in the east  lets blame the west. If you feel the younger generation isn't doing well, lets blame the older generation. 

Divide divide divide - pick a group and blame them for another group's problems. Rather than actually deal with the causes or issues.