Loblaw chairman Galen Weston, as well as the company’s new chief executive, pushed back on what they called “misguided criticism” of the grocer as a boycott against“As a well-known company and Canada’s largest grocer, it is natural thatfor media and government and of course consumer frustrations,” said Weston at the grocer’s annual meeting on Thursday.
“Let me assure you that in every corner of the business, our colleagues are working hard to reduce costs and do things more efficiently. These efforts enabled us to reinvest savings to offset the impact of price inflation in our stores,” he said, adding that the company’s internal measure of food inflation was lower than Canada’s grocery inflation index for the past three quarters.
Bank and Weston also criticized recent calls to steal from Loblaw, which the boycott organizers have said they are not affiliated with.
Source: News Formal (newsformal.com)
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