TORONTO — Some Canadian shoppers may soon receive cash from a class-action lawsuit that accused Loblaw Cos. Ltd. and its parent company George Weston Ltd. of engaging in an industry-wide scheme to fix the price of bread.
Did some quick and rough math: assuming they had 2000 stores (tried to average out the years I had data for) and that they only overcharged by $1.50, they would’ve made $500 million by each store selling just 22 loaves per day. And that’s not considering the fact they also sold their bread wholesale to restaurants (and I’m pretty sure other non-loblaws owned stores).
Did some quick and rough math: assuming they had 2000 stores (tried to average out the years I had data for) and that they only overcharged by $1.50, they would’ve made $500 million by each store selling just 22 loaves per day. And that’s not considering the fact they also sold their bread wholesale to restaurants (and I’m pretty sure other non-loblaws owned stores).
Wording is a little weird there. Thought you were saying that each of the 2000 stores was making $500m lol