Canada’s big three grocers say rising food prices are shaping shopping habits, with Loblaw Companies Ltd. the latest to offer insight into how people are saving money on their grocery bill amid soaring inflation.
Consumers are shopping for groceries more often, buying less with each visit and shifting to value-oriented stores as pandemic restrictions loosen and the cost of food increases, Loblaw said Wednesday as it reported its first-quarter results.
The grocery and drugstore retailer said its discount division, which includes No Frills and Maxi, posted strong growth in the quarter while demand for its in-house products surged.
Sales of Loblaw’s No Name private label brand, with its distinctive yellow and black packaging, reached an all-time high, Loblaw chairman and president Galen G. Weston said.
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