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Here's how much the stock market could drop during the weakest time of the year, according to top strategists. - Business Insider

·Aug 12, 2025
Source: Business Insider
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Loblaw CEO Per Bank says discount stores now key to winning price-weary shoppers

Published: October 25, 2026 at 6:14a.m. EDTTORONTO — Narrow aisles, fewer shelves, and plenty of house-brand items: this Loblaw store feels cosier but still offers enough variety for a grocery run. Loblaw’s Danish chief executive, Per Bank, brought a little bit of Europe with him three years ago when he moved here to run the country’s largest grocery chain. “Small discount stores ... I would probably say that’s some of the things I brought to Canada,” Bank said, sitting in the backroom of a small-scale Toronto No Frills on a brisk October morning. In its smaller 5,000-product stores, Loblaw has done away with the deli counters, live pizza stations and fresh bakeries typical of its conventional banners — and shoppers aren’t complaining. While discount stores aren’t a new phenomenon, Loblaw’s transition into a quick in-and-out shopping experience at its discount banners, No Frills and Maxi, has taken it up a notch. Now, many of its discount banners are downsized into something more like a corner store. When he took the helm, Bank said the company had about 43 small-format stores under 20,000 sq. ft. Today, there are more than 75 across the country with an intentional strategy.

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