Sobeys boss says he’s fed up with ‘reckless and incendiary’ criticisms about grocery profits amid inflation

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: The head of Canada’s second-largest grocery chain called suggestions the country’s big grocers are exploiting their market power to profit from inflation “reckless” and “incendiary,” and characterized the critics who are making such assertions as lazy “armchair quarterbacks” who know little about the food business.

Source: FinancialPost.com

Date: Sep 15, 2022

Link: https://financialpost.com/news/retail-marketing/sobeys-boss-says-hes-fed-up-with-reckless-and-incendiary-criticisms-about-grocery-profits-amid-inflation

Questions for discussion:

  • What is the basis for the criticism?
  • Do you think it is fair?
  • What do you think of the CEO’s response?
  • What do you think the impact of that response will be in the marketplace?

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