TORONTO – Walmart Canada has finally started to raise its grocery prices in some markets as it expands and tries to steal market share from rival supermarket chains, according to a new industry report.
Analysts at BMO Capital Markets see a “consistent and significant trend [suggesting] Walmart Supercentre is finally passing through higher wholesale grocery costs in the form of retail grocery inflation.”
That’s good news for industry competitors like Sobeys and Loblaw, the report said, because Walmart Supercentre establishes itself as a price leader in this country.
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