The page you are looking for is temporarily unavailable.
Please try again later

Money Loblaw says it doesn’t plan to cap number of gift cards

08:15  10 january  2018
08:15  10 january  2018 Source:   moneysense.ca

Former Manitoba grand chief files $1B class-action suit over bread price-fixing

  Former Manitoba grand chief files $1B class-action suit over bread price-fixing Derek Nepinak, the former grand chief of the Assembly of Manitoba Chiefs, has filed a $1 billion class-action lawsuit against multiple Canadian grocers after Loblaw Companies revealed it participated in industry-wide bread price-fixing for 14 years. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; var config = {}; config.indexdetailsurl = "/en-ca/money/indexdetails"; config.stockdetailsurl = "/en-ca/money/stockdetails"; config.funddetailsurl = "/en-ca/money/funddetails"; config.etfdetailsurl = "/en-ca/money/etfdetails"; config.

Grocer clarifies policies around make-good after price-fixing scandal.

Grocer clarifies policies around make-good after price-fixing scandal.

a slice of bread© Used with permission of / © Rogers Media Inc. 2018.

Loblaw Cos. says it has no plans to cap the number of gift cards it issues to Canadians as a make-good gesture to battle a consumer backlash to its bread price-fixing scandal. However, the grocer has also further stoked that reaction when it revealed that the $25 value of the card would be taken off any future amount paid out to consumers who win any class action settlements.

Quotes in the article

Loblaw Companies Ltd

L

You can sign up for the $25 Loblaw gift card starting today. Here’s how.

  You can sign up for the $25 Loblaw gift card starting today. Here’s how. Some estimate Loblaw pocketed a whopping $1 billion in extra profit made on bread bought by all Canadians at the grocery chain over the 14 years. “We don’t believe $25 is much in the way of compensation,” says Bruce Cran, president of the Consumer’s Association of Canada (CAC), based in Vancouver. “A gift card for a few loaves of bread is not enough accountability for the length of time this scheme went on.

Loblaw Cos. says it has no plans to cap the number of gift cards it issues to Canadians as a make-good gesture to battle a consumer backlash to its bread price-fixing scandal.

Loblaw Cos. says it has no plans to cap the number of gift cards it issues to Canadians as a make-good gesture to battle a consumer backlash to its bread price-fixing scandal.

67.86
+0.61
+0.91%
S&P/TSX Composite

0000

16,319.24
+1.59
+0.01%
S&P/TSX Venture Composite

ISPVX

924.62
+3.58
+0.39%
S&P TSX 60

TSP60

968.79
+0.63
+0.07%

The number of class actions has risen to seven, according to media reports, and one of those parties communicated its displeasure immediately to an Ontario Superior Court judge, in an effort to prevent Loblaw from making it a condition that consumers who receive a $25 gift card would have that amount deducted from any future awards. The court reserved judgment on that request.

MORE: How to register for the Loblaws gift card

The company opened registration Monday to consumer to sign up for the gift card and included on the sign-up page a comment that it reserved the right to limit the number of cards issued. Kevin Groh, Loblaw Cos vice-president of corporate affairs and communication, said that language should not be read as an indication that the grocer would actually do so, “Loblaw currently has no plan to limit the number of cards and anticipates being able to fulfill all valid card registrations,” he told Maclean’s.

Man faces 12 charges after police find drugs, cash and credit cards

  Man faces 12 charges after police find drugs, cash and credit cards A 40-year-old man is facing 12 charges after Regina police found seven different types of drugs, as well as credit cards and cash, on Saturday after pulling over a "suspicious" vehicle. Police pulled over a "suspicious" vehicle on St. John Street, near 13th Avenue, around 10:40 p.m. CST.

Loblaw said the gift cards should take six to 12 weeks to arrive and customers have until May 1 to sign up. Loblaw said , at this time, it doesn ' t plan to cap the number of people who can receive a card .

Loblaws says it reserves the right to limit the number of cards that will be issued under the program, although the site doesn ' t include a number Michael Vathilakis, a partner at a law firm attempting to certify a class action against the company, said the gift card plan is pure "PR spin" from a company

As of yesterday, and until May 8 of this year, consumers can start claiming the $25 gift card. Other limitations Loblaws put on the card included that it not be used to buy alcohol or tobacco products, and it also can’t be used at the Mobile Shop or Cooking School in Loblaw Stores, be used at gas stations or be redeemed for cash.

READ: How to donate your gift card to charity

Bakery to offer free bread in exchange for bread price-fixing $25 gift cards .
A local bakery in Kamloops, B.C., is offering customers five loaves of bread in exchange for their $25 gift cards to Save-On-Foods and Loblaws grocery stores, which they will then donate to local charities.AMZN

—   Share news in the SOC. Networks
This is interesting!