The head of Loblaw Cos. Ltd. says the company expects a surge of tariff-related price increases at its stores as its pre-tariff inventory runs out.
Chief executive Per Bank says that so far, the company has limited the number of tariff-hit products to a little over 1,000 but that within the next week or two it will rise to over 3,000, and could peak at over 6,000 within then next two months.
He says in a LinkedIn post that it will still be a small share of the roughly 80,000 items the company stocks, but customers will notice changes to categories including natural foods, pantry staples and health & beauty products….