Loblaw Companies Ltd., Canada’s leading grocery retailer, has decided to remove all Folgers coffee products from its stores. This decision follows a disagreement over proposed price increases from the manufacturer, J.M. Smucker Co. Loblaw believes these increases are not justified and aims to protect consumers facing rising costs.
• Loblaw’s internal communications revealed failed negotiations with Folgers' manufacturer.
• The grocery chain is focused on keeping prices reasonable for customers.
• A list of alternative coffee options is being provided to stores as Folgers products are phased out.
• Coffee prices in Canada have surged, with a 13.4% increase reported year-over-year.
This situation highlights the ongoing challenges in the grocery sector, where rising costs impact both retailers and consumers. By taking a stand against unjustified price hikes, Loblaw is prioritizing affordability for its customers. This decision may set a precedent for how retailers handle similar disputes in the future.
Enjoying the read? Subscribe for free to one of the fastest-growing newsletters and get weekly coffee news (TL;DR updates) delivered right to your inbox.