Sobeys

Nuts For Cheese™ Achieves BRC Global Standard for Food Safety Certification

Retrieved on: 
Tuesday, September 19, 2023

BRC Global Food Safety Certification is a leading global quality and food safety certification program that is recognized by the Global Food Safety Initiative (GFSI).

Key Points: 
  • BRC Global Food Safety Certification is a leading global quality and food safety certification program that is recognized by the Global Food Safety Initiative (GFSI).
  • Certification is only awarded to organizations that have fully embraced a top-to-bottom food safety culture and approach throughout their company.
  • From our wholesome ingredients to house-made cultures and sauces, our mission is to make delicious cashew-based cheese for cheese lovers everywhere," said Margaret Coons, Founder & CEO of Nuts For Cheese™.
  • "Food safety is an important focus as part of our commitment to quality and this achievement validates our continuous efforts to uphold the highest standards.

GREENHOUSE LAUNCHES 99.9 PER CENT PLASTIC-FREE BOTTLES AS PART OF NEW GLASS HOUSE PROJECT

Retrieved on: 
Thursday, September 14, 2023

The new 99.9 per cent plastic-free bottles feature an aluminum cap and 100 percent post-consumer waste (PCW), plastic-free labels.

Key Points: 
  • The new 99.9 per cent plastic-free bottles feature an aluminum cap and 100 percent post-consumer waste (PCW), plastic-free labels.
  • With the launch of our Glass House Project, we're taking our commitment to sustainability one step further.
  • Greenhouse, by shifting to 99.9 per cent  plastic-free bottles and transparently outlining its areas for improvement in its new Glass House Project, is doing just that.
  • To learn more about the Glass House Project (mobile only) and how Greenhouse is achieving plastic-neutrality, visit greenhouse.ca .

Family of Support: Child & Youth Mental Health Initiative is Empowering Children's Hospitals to Help More Kids Get the Help they Need Early

Retrieved on: 
Tuesday, September 12, 2023

The initiative provides children and youth across the country with access to early intervention support.

Key Points: 
  • The initiative provides children and youth across the country with access to early intervention support.
  • Through Family of Support, children's hospitals across Canada are helping more kids get access to mental health resources early.
  • One hundred per cent of funds raised locally will stay local and go toward supporting child and youth mental health early intervention and prevention programs at local children's hospitals.
  • Together, we are helping more kids access mental health support early, positively impacting the future of mental health support in Canada."

Scene+ is now available at Home Hardware store locations across Canada

Retrieved on: 
Thursday, September 7, 2023

With the addition of Home Hardware, Canada's largest Dealer-owned home improvement retailer to the Scene+ roster, Canadians will earn rewards on tools, paint, hardware, lumber, building materials, furniture, and more.

Key Points: 
  • With the addition of Home Hardware, Canada's largest Dealer-owned home improvement retailer to the Scene+ roster, Canadians will earn rewards on tools, paint, hardware, lumber, building materials, furniture, and more.
  • "We are incredibly excited that Scene+ is now available at Home Hardware locations across the country," said Kevin Macnab, President and CEO of Home Hardware Stores Limited.
  • Canadians will earn 2x the points for every dollar spent at Home Hardware when paying with their Scotiabank® Scene+ Visa* Card.
  • Every 1,000 Scene+ points can be redeemed for $10 off any purchase at Home Hardware stores or homehardware.ca.

Inflation is down overall, so why are my grocery bills still going up?

Retrieved on: 
Sunday, July 30, 2023

The Consumer Price Index slowed to 2.8 per cent in June compared to last year, but food prices increased by 8.3 per cent.

Key Points: 
  • The Consumer Price Index slowed to 2.8 per cent in June compared to last year, but food prices increased by 8.3 per cent.
  • The gap between general inflation and food prices is puzzling — and frustrating — for many, especially because the Bank of Canada’s interest rate hikes don’t seem to be affecting food prices at all.
  • But food prices don’t respond to interest rate policies as much as other factors do.

Competition Bureau report

    • Canada’s competition watchdog, the Competition Bureau, recently released a report that called for more competition in the Canadian food retail market.
    • The report suggested that more competition might help high food prices in Canada.
    • However, the Competition Bureau’s report ignored this, instead focusing on individual profit growth, which was similar for all three major brands.

Foreign competition

    • The Competition Bureau’s report also suggested that more foreign competition would benefit Canadian consumers, but that foreign competitors viewed the Canadian market as tough to break into.
    • A spokesperson from the Retail Council of Canada said foreign competitors didn’t feel they would be able to compete when it comes to prices.
    • Given this, it’s difficult to see how foreign competition would actually help bring prices down.

No single cause for food inflation

    • The reality is that there isn’t a single cause for food price increases in Canada; there are a combination of factors that affect different food categories.
    • Russia’s invasion of Ukraine has had a significant impact on the prices of wheat and edible oils.
    • India curtailed wheat exports, Argentina limited wheat and soybean oil and Indonesia limited palm oil exports.

A perfect storm

    • Flooding in California’s Salinas Valley caused disruptions in lettuce and tomato production, leading to higher prices for these products.
    • Europe had price increases and product shortages this winter due to bad weather conditions in northern Africa and southern Europe.
    • All these factors are happening simultaneously to create a perfect storm of food price increases.

Soylent Expands in Canada with UNFI Partnership, New Brick-and-Mortar Retail Locations and Online Presence with Walmart.ca

Retrieved on: 
Tuesday, July 25, 2023

This expansion includes Soylent’s first entry into brick-and-mortar retail at Longos, Thrifty’s and select Sobeys.

Key Points: 
  • This expansion includes Soylent’s first entry into brick-and-mortar retail at Longos, Thrifty’s and select Sobeys.
  • View the full release here: https://www.businesswire.com/news/home/20230725012910/en/
    Soylent expands in Canada with new brick-and-mortar retail locations.
  • In addition to already being able to purchase Soylent products through Amazon.ca , Canadians will soon have the opportunity to buy Soylent products through Walmart's Canadian online Marketplace (Walmart.ca).
  • To find out more about Soylent products or find a store near you, please visit www.Soylent.ca or www.Soylent.com .

What the end of Nike's sponsorship means for Hockey Canada

Retrieved on: 
Friday, July 21, 2023

Nike originally paused the relationship in October 2022, but now has permanently ceased it after nearly 25 years of working with Hockey Canada.

Key Points: 
  • Nike originally paused the relationship in October 2022, but now has permanently ceased it after nearly 25 years of working with Hockey Canada.
  • It joins a host of other sponsors that have also paused their support for Hockey Canada, including Telus, Tim Hortons, Bauer Hockey, Canadian Tire, Scotiabank, Esso and Sobeys.
  • The unique relationship between the two parties has additional complexities that make the end of this sponsorship especially notable.

A mutually beneficial departure?

    • Even though Nike is the one that ended its partnership with Hockey Canada, the decision could be a positive development for both parties.
    • In 2018, the Globe and Mail reported that a Nike Canada employee bought alcohol for Hockey Canada players prior to the alleged sexual assault in 2018.
    • In addition, Nike Canada is currently under investigation for the potential use of forced Uyghur labour in China.

Nike’s foray into hockey

    • Additionally, Nike ventured beyond uniform production into the business of hockey equipment at the end of the last century.
    • In 1994, Nike purchased Canadian hockey equipment manufacturer Bauer for $395 million and began its aggressive expansion into the hockey landscape.
    • For this reason, Nike’s decision to end their partnership with Hockey Canada could be reflective of their broader strategy to leave the hockey marketplace, as much as an ethical statement on the organization or its current state.

Hockey Canada’s future

    • While the impact of this decision appears to have grave short-term financial consequences for Hockey Canada, it’s important to consider the scale of Hockey Canada’s cash reserves.
    • However, the numbers from Hockey Canada have so far indicated that bankruptcy will not be imminent following Nike’s decision.
    • The answer to this question will not only dictate the nature of future relationships between Hockey Canada and its sponsors or donors, but the connection felt between Canadians and their national teams.

Increasing monopoly power poses a threat to Canada's post-pandemic economic recovery

Retrieved on: 
Sunday, July 16, 2023

A select few corporations dominate key sectors, leading to reduced competition, rising prices and limited purchase options for consumers.

Key Points: 
  • A select few corporations dominate key sectors, leading to reduced competition, rising prices and limited purchase options for consumers.
  • A recent report from the Competition Bureau found that a lack of competition in the grocery sector is resulting in higher food prices.
  • The grocery industry is dominated by five major players — Loblaws, Metro, Empire (the owner of Sobeys), Walmart and Costco.

History of monopolies

    • Canada’s economy has historically been marked by notable monopolies, thanks to its vast geographical expanse and relatively sparse population.
    • Entities like the Hudson’s Bay Company and Canadian Pacific Railway company played significant roles in the country’s development.
    • This largely happened out of concern that domestic companies would be overwhelmed by American competitors unless they grew significantly.

The Rogers-Shaw merger

    • Despite these conditions, some remain skeptical about the impact of the merger on competition in Canada’s telecommunications sector.
    • Some critics have argued the merger may lead to higher prices for consumers and less innovation.
    • The merger could lead to a dominant market share in Ontario, reducing competition and potentially leading to higher internet prices.

Loopholes in competition law

    • The merger has sparked controversy because it exploited weaknesses in Canada’s anti-monopoly law, the Competition Act, to push the deal through.
    • As Canada’s competition watchdog, the Competition Bureau can review mergers to determine if they will be harmful to competition.

Challenges and opportunities

    • Monopolies have the potential to stifle innovation — a key driver of economic growth, as a lack of competition tends to dampen innovative efforts.
    • As Canada embarks on its post-pandemic economic recovery, policymakers must ensure economic resilience and inclusiveness while preventing existing monopoly issues from worsening.

NEW Tim Hortons Coffee Creamers now available at grocery stores across Canada in three signature flavours: Double DoubleTM, Vanilla Dip Donut and Chocolate Dip Donut

Retrieved on: 
Wednesday, July 12, 2023

Tim Hortons Coffee Creamers are rolling out now to grocery stores across Canada including at Sobeys, Safeway, FreshCo, Metro Ontario, Walmart Canada and Co-Op stores, and at Loblaws (No Frills, Real Canadian Super Store, Fortinos and Your Independent Grocer) in the weeks ahead.

Key Points: 
  • Tim Hortons Coffee Creamers are rolling out now to grocery stores across Canada including at Sobeys, Safeway, FreshCo, Metro Ontario, Walmart Canada and Co-Op stores, and at Loblaws (No Frills, Real Canadian Super Store, Fortinos and Your Independent Grocer) in the weeks ahead.
  • TORONTO, July 12, 2023 /CNW/ - Introducing the NEW Tim Hortons Coffee Creamers, made with 100 per cent real Canadian dairy, and available in three iconic Tims flavours: Double DoubleTM, Vanilla Dip Donut and Chocolate Dip Donut.
  • Tim Hortons Coffee Creamers are rolling out now to grocery stores across Canada including at Sobeys, Safeway, FreshCo, Metro Ontario, Walmart Canada and Co-Op stores, and at Loblaws (No Frills, Real Canadian Super Store, Fortinos and Your Independent Grocer) in the weeks ahead.
  • Tim Hortons Coffee Creamers are currently unavailable in Quebec and Nova Scotia.

LYLT, LYLTQ FINAL DEADLINE TODAY: ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Alliance Data Systems Corporation n/k/a Bread Financial Holdings, Inc. Investors to Secure Counsel Before Important June 26 Deadline in Securities Class Action - LYLT, LYLTQ

Retrieved on: 
Monday, June 26, 2023

Loyalty Ventures was created as a result of a November 2021 spinoff from Alliance Data Systems Corporation n/k/a Bread Financial Holdings, Inc., the defendant company in this case.

Key Points: 
  • Loyalty Ventures was created as a result of a November 2021 spinoff from Alliance Data Systems Corporation n/k/a Bread Financial Holdings, Inc., the defendant company in this case.
  • WHAT TO DO NEXT: To join the Loyalty Ventures class action, go to https://rosenlegal.com/submit-form/?case_id=6803 or call Phillip Kim, Esq.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.