Loblaw offers staff discount

Employee perk a rarity in the grocery sector
By Shannon Klie
|Canadian HR Reporter|Last Updated: 07/09/2008

In response to tough competition from Wal-Mart and four years of profit declines, Canadian grocery giant Loblaw has rolled out a turnaround plan that includes cutting costs, expanding services, reducing prices and revamping employee programs.

Judging by results from the first quarter of 2008, the plan is starting to pay off. The grocery retailer’s first-quarter earnings were $62 million, up from $54 million in the first quarter of 2007.

Then last month, the Toronto-based grocery chain, which controls 32 per cent of the Canadian grocery market, took its employee programs to the next level by rolling out an employee discount plan — a rarity among grocery stores.