About 90 % of the grocery stores in my region are owned by LobLaws, from Shoppers Drug Mart to Real Canadian Superstore to No Frills.
This must change.
To benefit the consumer, no company should own more than 30 % of the market share. Loblaws should be split up to facilitate competition. Employee-owned businesses are a way to facilitate consumer-friendliness.
Possibly because of the monopoly or backroom collaboration, the grocery industry engages in price-fixing and profiteering, to the detriment of the people.
- a formula should be developed to determine a company’s reasonable profit
- a company earning in excess of a reasonable profit should face consequences, including fines and publicization
- public shaming and consumer abandonment should correct profiteering