Loblaw sends strongly worded letter to major suppliers, asks group to lower costs

 In International
Loblaw president Galen Weston, who observed in May that consumers were getting fed up with rising food prices, now wants his company’s largest suppliers to shoulder a bigger part of the inflationary burden.
In a strongly worded letter to its large suppliers this week, Loblaw is asking the group to cut costs by 1.45 per cent for shipments received by the country’s largest grocery chain on or after Sept. 4.
The move comes after Loblaw told its suppliers last October that it intended to reform and simplify its pricing practices in order to smooth out friction between the two parties and provide greater cost clarity. Financial Post – Read more…

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