Hi,
I heard Loblaw's share value is going down. Does this affect President's Choice banking customers?
I heard Loblaw's share value is going down. Does this affect President's Choice banking customers?
Loblaw share value going down. Does this affect President's Choice Banking?
- Thread starter orkut
- Start date
With no service charge and high interest saving account they may cut back some of the saving in the future.
Loblaws has some very good private brand stuff, but they are so damn expensive compared to other grocery retailers. And their stores are full of non core items that can be purchased somewhere else for less.
They need to get back to basics and focus on getting people into the stores.
They need to get back to basics and focus on getting people into the stores.
Its right on the website that says that
†President's Choice Financial services are provided by the direct banking division of CIBC.
President's Choice Financial MasterCard is provided by President's Choice Bank.
PC Financial insurance products are distributed by PC Financial Insurance Agency Inc.
and are underwritten by licensed insurance providers.
they just might have a pc financial kiosk in a loblaws or no frills or st clair mall, but CIBC owns them and they have the same insituation number like people who send me transfers will go into a CIBC bank and then it will show up in my pc account
†President's Choice Financial services are provided by the direct banking division of CIBC.
President's Choice Financial MasterCard is provided by President's Choice Bank.
PC Financial insurance products are distributed by PC Financial Insurance Agency Inc.
and are underwritten by licensed insurance providers.
they just might have a pc financial kiosk in a loblaws or no frills or st clair mall, but CIBC owns them and they have the same insituation number like people who send me transfers will go into a CIBC bank and then it will show up in my pc account
Unfortunately I own shares of Loblaws... I bought when they dropped from a solid 70 / 80 stock to 52 ish.
They bounced back to 58 and I was thinking I was so smart. Not so smart now.
They have several problems, not the least of which is that they have morons running the place. Gaelen Weston Jr. was all of what, 34 years of age when they made him CEO for some reason. There's a kid who has never paid his dues and most likely has no idea of what it's like to be a working stiff.
Loblaws is also in trouble because they are trying to compete against guys they can't compete with (Costco, Walmart, etc.) There's also competition from Sobeys and even Dominion again.
Personally, I think they need to reinvent themselves like they did 30 years ago. They need to "No frills" some of the dead wood, close other stores, etc.
If they are looking to grow anywhere, the only thing I can think of is that they get into the "Whole Foods" game. Whole Foods shares have gone oribital in the last few years. Really, who competes with Whole Foods?
No-one that I can think of.
Toronto has all of 1 Whole Foods and everytime I go in there, it's PACKED and they can't ring in the money fast enough.
There are too many players in the Walmart / Costco / Dominion end of the market. There's only one in the Whole Foods end of the market.
Lowblaws could open up an entirely new chain of Stores that features NOTHING by President's choice and no such other silly labels. You go into Whole Foods and they have Fresh Organic Produce, Organic meats, and my favourite - Fresh Squeezed Orange Juice (you can't find it anywhere else.)
There's a business model that works, so if Lowblaws had any brains (which I doubt they do) they'd just copy it and call it something else. No identification whatsoever as a Loblaws company.
They bounced back to 58 and I was thinking I was so smart. Not so smart now.
They have several problems, not the least of which is that they have morons running the place. Gaelen Weston Jr. was all of what, 34 years of age when they made him CEO for some reason. There's a kid who has never paid his dues and most likely has no idea of what it's like to be a working stiff.
Loblaws is also in trouble because they are trying to compete against guys they can't compete with (Costco, Walmart, etc.) There's also competition from Sobeys and even Dominion again.
Personally, I think they need to reinvent themselves like they did 30 years ago. They need to "No frills" some of the dead wood, close other stores, etc.
If they are looking to grow anywhere, the only thing I can think of is that they get into the "Whole Foods" game. Whole Foods shares have gone oribital in the last few years. Really, who competes with Whole Foods?
No-one that I can think of.
Toronto has all of 1 Whole Foods and everytime I go in there, it's PACKED and they can't ring in the money fast enough.
There are too many players in the Walmart / Costco / Dominion end of the market. There's only one in the Whole Foods end of the market.
Lowblaws could open up an entirely new chain of Stores that features NOTHING by President's choice and no such other silly labels. You go into Whole Foods and they have Fresh Organic Produce, Organic meats, and my favourite - Fresh Squeezed Orange Juice (you can't find it anywhere else.)
There's a business model that works, so if Lowblaws had any brains (which I doubt they do) they'd just copy it and call it something else. No identification whatsoever as a Loblaws company.
it pays to be the son of the chairman... he's has tons of experience. he's copying the style of a former predecessor, dave nichols...james t kirk said:
no worries though, he'll operate the company well after he gets off the golf course...
I don't think "owns them" is the right phrase. CIBC is contracted to provide services that PC markets. Ownership is something else.MinnieApple said:
Reminds me of Eatons.maverick said:it pays to be the son of the chairman... he's has tons of experience. he's copying the style of a former predecessor, dave nichols...
no worries though, he'll operate the company well after he gets off the golf course...
Spoiled useless brats sunk that one. Loblaws could very well go the same way.
The Loblaws brand isn't low quality, cheap groceries. It's mid- to high-quality, higher priced goods.
Saying it should go the No Frills route is saying it should throw away it's brand quality, which is folly. What makes you think it can compete at the No Frills level when it's strength is quality, not pricing.
Loblaws has had several problems over the years. Their inventory control system was a disaster and cost them millions. They tried broadening their inventory and creating lots of superstores; I dunno how well that worked.
Their main competition is Walmart, and Walmart has suffered some setbacks of late.
It will be interesting to see how the battle plays out.
Saying it should go the No Frills route is saying it should throw away it's brand quality, which is folly. What makes you think it can compete at the No Frills level when it's strength is quality, not pricing.
Loblaws has had several problems over the years. Their inventory control system was a disaster and cost them millions. They tried broadening their inventory and creating lots of superstores; I dunno how well that worked.
Their main competition is Walmart, and Walmart has suffered some setbacks of late.
It will be interesting to see how the battle plays out.
FYI, Loblaws owns No Frills.Keebler Elf said:
I didn't say Loblaws was low quality, but they are trying to compete with Dominion and Sobeys and at a lesser level, they are trying to compete with Costco and Walmart. The middle of the road grocery market appears to be saturated with players.
I'm not saying to pack in ALL the Loblaws stores, hardly. They are a good middle of the road store.
I've heard them singing the blues about their distribution and inventory issues, however, that's been going on for 2 years or more now. WTF how long does it take to correct that problem?
Their share price fell from 44 to 34 in 2 days last week. That's huge and I suspect that there are more problems than just distribution and inventory issues.
I was checking stockhouse to see why and there wasn't much info which leads me to believe that their numbers are down and more importantly, their numbers are bleak.
If that's the way of the future for Loblaws, then they have a very real problem on their hands.
My opinion is that the middle of the road grocery store segment of the market is over crowded and overly competative. The high end segment seems to be wide open as demonstrated by Whole Foods where people flock to.
I dunno why you're investing in Loblaws to begin with. Just the fact that Walmart has and continues to enter the market makes me thing that it's a poor choice for investing.
Hamilton
Yes they are around in the Hamilton Area. I think it used be owned by an Italian Family then sold it to Loblaws. You won't find Loblaws west of Oakville QEW until Niagara I think.Papi Chulo said:
http://www.theglobeandmail.com/servlet/story/LAC.20071116.RLOBLAW16/TPStory/Business
It would appear that the reason for their stock crash is quite simple.
Profits are down by half from last year and the outlook is murky.
Add to that Junior has turfed all of the former head office staff and his lack of experience and you have a recipe for disaster it would appear.
9 billion in revenue and only 100 million in profit = yikes.
It would appear that the reason for their stock crash is quite simple.
Profits are down by half from last year and the outlook is murky.
Add to that Junior has turfed all of the former head office staff and his lack of experience and you have a recipe for disaster it would appear.
9 billion in revenue and only 100 million in profit = yikes.
One comment...
Non of the aforementioned stores compete with Costco. They have their own marketing strategy that works well.
Example:- Price meat very competitively but cut everything thicker. You spend more and they make more.
:- Use their brand names which are predominant and you get a quality product but are you saving money by that bulk buy. No!
Basically the decision is do you want to go to Walmart and buy your condoms and caviar at the some place. I think not.
In the US "Bull S..T BAFFLES BRAINS WORKS WELL" Not here in Canada.
*************************************james t kirk said:
Non of the aforementioned stores compete with Costco. They have their own marketing strategy that works well.
Example:- Price meat very competitively but cut everything thicker. You spend more and they make more.
:- Use their brand names which are predominant and you get a quality product but are you saving money by that bulk buy. No!
Basically the decision is do you want to go to Walmart and buy your condoms and caviar at the some place. I think not.
In the US "Bull S..T BAFFLES BRAINS WORKS WELL" Not here in Canada.
Wegmann's in WNY is what Loblaws should emulate.
Loblaws, in comparison, appears tired. Shopping for food can be made to be a fun experience. I would model any new Loblaws on the St. Lawrence market or Wegman's. Unfortunately, against my better judgement I bought some Loblaws at 41... i guess I had better sell.
Loblaws should simply copy Wegman's. They offer an upper-end selection of everything from their bagels (which are just outstanding), to prepared foods, to meal replacements that come fully prepared and are very economical for families. I found myself lingering there, sampling all their little prepared foods, and buying a whole lot of stuff on impulse.smiley27 said:
Loblaws, in comparison, appears tired. Shopping for food can be made to be a fun experience. I would model any new Loblaws on the St. Lawrence market or Wegman's. Unfortunately, against my better judgement I bought some Loblaws at 41... i guess I had better sell.
