Various fed-up Canadian consumers seem to have had it with Loblaw (TSX:L). Indeed, a Reddit (NYSE:RDDT)-organized boycott is apparently on for May.
The subreddit r/loblawisoutofcontrol has gained considerable traction, with over 75,000 members subscribed to the channel. That’s a lot of Canadians, many of whom may be inclined to participate in a boycott that encompasses all Loblaw-owned stores, from Shoppers Drug Mart to No Frills, Real Canadian Superstores to Loblaw CityMarkets, and everything in between.
Higher prices amid inflation haven’t been unique to Loblaw-owned stores. That said, the firm seems to have made some moves that have rattled Canadian shoppers, some of whom have been showing all on Reddit that they’ve canceled their President’s Choice credit cards in protest of its business decisions.
Reddit’s r/loblawisoutofcontrol: A potential quarterly headwind?
Apart from price increases, the lowering of discounts…
