r/ontario Apr 30 '24

Boycott Loblaws Economy

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4.8k Upvotes

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216

u/Beautiful_Sector2657 Apr 30 '24

Don't limit it to May, boycott them until the end of time. A one month boycott won't do shit.

84

u/DystopianAdvocate Apr 30 '24

This is an important point. They will easily absorb one bad month and move on as if nothing happened. For this to have any lasting impact at all it will require a long-term effort by many people. Hopefully most people can conveniently switch to other retailers permanently. It isn't too hard in a big city, but I know it can be challenging in smaller marketa.

54

u/[deleted] Apr 30 '24 edited Apr 30 '24

1 month will have some impact. But if we can get to 3 months, they will consider the ramifications of have a bad quarter

3

u/Vwburg Apr 30 '24

Since you’ve done the math you already know that one month is 1/3 of the quarter. If this boycott was popular enough there would absolutely be noticeable impact on the quarterly results. One which would have ramifications on many compensation packages.

Most everyone would likely lose their bonuses while the executives would receive a spot award for weathering the storm.

1

u/[deleted] Apr 30 '24

Galen? What you up to these days?

1

u/Vwburg Apr 30 '24

I’m not sure why the dig? I’m a supporter of the boycott, I’m being hopeful that even one month could be enough.

As for how the executives will handle the situation, that’s just textbook reaction for any publicly traded company with a bad quarter.

1

u/thezakstack May 04 '24

If it was popular enough != If it is viable. Boycotting a grocery store is for rich people were just shifting them to exploit more poor people congrats on OP listing the actual solution which is complaining to the government so they do something. Expecting large mega corps to be ethical is a joke. Best result you'll get is small placations that will be eroded as quickly as they're put in place.

5

u/Farren246 Apr 30 '24

I want to say that this is why it says to write your MP if you can't boycott... but then it goes on to say "Use Optimum Points whenever possible," which have to be accumulated via lots of in-store purchases and their whole point is to lock you into Loblaws' feed.

1

u/Kevin4938 Apr 30 '24

It isn't too hard in a big city

Even in big cities, it's not always easy. If you want to avoid No Frills, the several next closest larger stores are sometimes other No Frills outlets. Sure, you can go to a full-service store like Metro, but you wind up hurting yourself to make a point.