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

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.

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

Gift card in Loblaw 's best interest. Applying for the gift card doesn ' t preclude customers from also joining a class action suit. If six million gift cards are distributed as planned , "they'll see an increase in store traffic and revenue." Groh said the company currently has no plan to limit the number of

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.

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Judge rules Loblaw gift card terms not misleading

  Judge rules Loblaw gift card terms not misleading TORONTO - An Ontario judge has ruled that it's too early to determine the enforceability of Loblaw Companies Ltd.'s policy that consumers who receive a $25 gift card from the company waive their right to that sum in possible future settlement money from a bread price-fixing scheme class-action lawsuit. Ontario Superior Court of Justice Edward M. Morgan dismissed a motion challenging the terms of Loblaw's gift card plan. The company announced Monday L

Signing up for gift card doesn ' t forbid participating in class actions, but any payout would be deducted. Loblaws says it reserves the right to limit the number of cards that will be issued under the program, although the site does not include a number where it may be capped .

Loblaw opened registration for the gift cards Monday and revealed a number of restrictions for redemption and eventual use. It will look at Loblaw ’s gift - card program and determine whether to give them any credit for it , he said .

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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.

Judge rules Loblaw gift card terms not misleading

  Judge rules Loblaw gift card terms not misleading TORONTO - An Ontario judge has ruled that it's too early to determine the enforceability of Loblaw Companies Ltd.'s policy that consumers who receive a $25 gift card from the company waive their right to that sum in possible future settlement money from a bread price-fixing scheme class-action lawsuit. Ontario Superior Court of Justice Edward M. Morgan dismissed a motion challenging the terms of Loblaw's gift card plan. The company announced Monday L

As a gesture of good will, Loblaw is offering customers a gift card that can be used at its grocery stores across Canada. "This conduct should never have happened," CEO Galen G. Weston said Tuesday.

Qualifying for a gift card from Loblaw Cos. Loblaw expects that as many as six million people will apply for the card and plans to treat that as a 0-million reduction in Loblaw also said it reserves the right to limit the number of cards it distributes, although Groh said more than one adult

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

Is price fixing a major problem in Canada? .
Opinion: Despite the righteous outrage over an admitted scheme to fix the price of bread, the reality is that Canada’s system largely worksEditor’s note: The opinions in this article are the author’s, as published by our content partner, and do not represent the views of MSN or Microsoft.

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