Description: Loblaw is freezing its prices on approximately 1,500 store-brand “No Name” products until 31 January 2023. Some experts are labeling the freeze as a publicity move, something to blunt public and political rhetoric around profiteering by grocery giants. Another grocery chain, Metro, followed suit by announcing its own price freeze shortly after Loblaw made its announcement.
Date: October 18, 2022
1) Do you buy No Name products? How about your classmates?
2) What do you think of the opinion that this may have been a publicity move?
3) Page 5-1 of Wiley’s Financial Accounting: Tools for Business Decision-Making discusses Loblaw’s supply chain and inventory management. What percentage of Loblaw’s current assets does inventory represent?