News at a Glance
Retail Insider is streamlining its Canadian retail news from around the web to include a handful of top news stories that can be viewed quickly during the day. Here are the top stories from the past 24 hours.
- Loblaw, Metro say latest results show they aren’t taking advantage of inflation, despite rising profits (Financial Post)
- Loblaw’s profits up 30%, led by booming sales of high margin items like beauty products, cold meds (CBC)
- Metro warns food inflation could persist as suppliers continue to increase prices (BNN)
- Half of Canadians plan to make cutbacks this holiday season, says new PayPal Canada survey (TorStar)
- Shoppers Drug Mart parent company says cough and cold sales hit all-time high (CP24)
- Amazon layoffs hit Canada (Betakit)
- Mass layoffs at Amazon hit Vancouver offices (BIV)
- Canada’s annual inflation rate unchanged in October as grocery price growth slows (Canadian Grocer)
- Walmart launches hot table and cold sweets counter concept in Brampton (Grocery Business)
- Rabba invests in solar panel initiative, expects to reduce its dependency on provincial electricity grid (Grocery Business)
- Asian grocery stores in B.C.’s Interior battle rising wholesale costs (CBC)
- The Sweet Potato Is Ready to Expand in Toronto (Progressive Grocer)
