Justin Castreaux on Grocery Prices

[George K]

[jon-nyc]

Not sure how it works in CA, here grocery store margins are razor thin. A little better in higher end shops.

[xenon]

This guy has been a light weight from day 1. His accomplishments before becoming PM were high school teacher and snowboard instructor - and it shows.

@Jon - it's not a whole lot different in Canada. But he used the term "record profits" - which can still be true with small margins.

[LuFins Dad]

Attack the profits and they’ll just disappear.

Record profits are great depending on the ROI.

[Doctor Phibes]

He sounds like Elizabeth Warren. These people attack conservative populism, but they're pretty much the same, only with different scapegoats.

[Mik]

So, in a supply chain economy you go after the retailer first as the root cause? Idiot.

[Renauda]

@xenon said in Justin Castreaux on Grocery Prices:

@Jon - it's not a whole lot different in Canada. But he used the term "record profits" - which can still be true with small margins.

Margins on food are razor thin here as well. The big grocery chains make their money in their pharmacies and non food retail where margins are much higher. There was a time they were in the food retail business. Hasn’t been that way for past 20 or more years. Food is a draw to get people in the doors. Almost a lost leader.

I agree, Trudeau is a lightweight. I cannot see him leading the Liberals into the next election.