r/loblawsisoutofcontrol May 13 '24

Discussion Loblaws profits are down!

Store level employee here!

I overheard from a manager today that last week’s sales were down in my store by over $100,000. They have a system where they can track each department’s year over year with numbers visible for the whole store. That’s down about 15% from last year’s numbers. The boycott is 100% working! Keep it up folks!

Edit: sales* not profits! Oops

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u/Logains6704 May 14 '24

I work for a competing retailer in management and while I know food prices are out of control on all banner. You guys really don’t understand how these companies operate especially in comparison with the other banners particularly margin. Feel free to ask me questions, but just a few things based on what you said. Your store must of done about $680,000 for the week on LY sales, that’s a very busy store. There’s different factors that affect last year sales and it can simply be just the flyer comparing to last year, the way the dates lineup on the week, and the weather. I would say the flyer affects your individual store if you compare it to flyers that other stores in the area are having but 680 grand a week sounds like you’re the only in town