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Quick Glance: Costco named Canada's top grocery retailer
- Costco ranked first among 14 grocery retailers in a survey.
- Canadian chain Metro Inc. placed second, followed by Walmart Inc. in third.
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Quick Glance: Quebecers Shift to Costco, Maxi for Savings: Study
- Stores increased market share in Quebec food market since 2021 at the expense of traditional grocers, according to new study.
- They captured 16.3% of total foot traffic at Quebec grocery stores in first half of 2023, up from just under 13% in 2021, study says.
- Loblaw-owned discount food retailer Maxi also fared well, lifting its share to 16.5% from 15% in two years.
- Conversely, Quebec's biggest supermarket chain, IGA, saw traffic dip to 23.6% in 2023 from 26.3%.
Quick Glance: Wealthy households fuel inflation, making life unaffordable for others.
- One in every four people could not afford a $500 surprise expense, but overall spending on restaurant meals, travel, and jewelry is holding up well.
- Wage increases - ironically to offset inflation - and resilient spending on goods and services are among the reasons why inflation is taking so long to control.
- That is the only way inflation will subside sufficiently to allow interest rates to fall.
- In order for inflation to return to the bank's target rate of 2%, "the effects of higher interest rates need to work through the economy and restrain spending enough for supply to catch up."
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Despite consumer price increases and worldwide inflation, Costco’s signature $1.50 hot dog has maintained the same price since the 80s ... Show more
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From outperforming the market to helping Americans battle inflation, here's why Yahoo Finance's 2022 Company of the Year is Costco ... Show more
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Costco Wholesale CEO Craig Jelinek discusses the link between Costco’s success and its prioritization of valuing employees ... Show more
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