The good, bad & ugly of retail grocers
Episode Stats
Words per Minute
139.29314
Summary
In this episode of the update, I talk about whether or not there is any evidence of "gouging" by Canadian food retailers. I discuss the evidence and why I think there is no evidence of this happening.
Transcript
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I've always asked some of the experts out there and politicians, well, if right now
00:00:07.040
companies are making too much money, how much is too much?
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My answer to you clearly, Corey, when you look at the evidence, when you actually look
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at verified, audited financial reports coming from companies, there is no evidence of gouging.
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If you look at gross margins, which to me is probably the most important metric, you look
00:00:34.800
If that changes due to inflation, you'll notice, I mean, you'll notice.
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And for the big three, Empire, Sobeys, Loblaws and Metro, all three gross margins have not
00:00:48.760
And so that's why it's difficult to say, well, there's gouging going on.
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However, and this is a big however, margins are actually quite high compared to the US.
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And we've seen some shortfalls in Ottawa with the bread price fixing scandal, for example,
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the investigation being going on for eight years.
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So I can't blame Canadians for being upset about what's going on.
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I actually totally understand why they're upset because they feel unprotected.
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But as far as gouging goes, just the evidence is just not there.
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You can become a Western standard member for just $10 a month or $99 a year for unlimited access.
00:01:44.620
Well, I think I should read multiple and share opinions in certain areas.
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That meansatchening and потерating some resources.