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Money Loblaw says it doesn’t plan to cap number of gift cards

08:15  10 january  2018
08:15  10 january  2018 Source:   moneysense.ca

You can sign up for the $25 Loblaw gift card starting today. Here’s how.

  You can sign up for the $25 Loblaw gift card starting today. Here’s how. Some estimate Loblaw pocketed a whopping $1 billion in extra profit made on bread bought by all Canadians at the grocery chain over the 14 years. “We don’t believe $25 is much in the way of compensation,” says Bruce Cran, president of the Consumer’s Association of Canada (CAC), based in Vancouver. “A gift card for a few loaves of bread is not enough accountability for the length of time this scheme went on.

Grocer clarifies policies around make-good after price-fixing scandal.

Grocer clarifies policies around make-good after price-fixing scandal.

a slice of bread© Used with permission of / © Rogers Media Inc. 2018.

Loblaw Cos. says it has no plans to cap the number of gift cards it issues to Canadians as a make-good gesture to battle a consumer backlash to its bread price-fixing scandal. However, the grocer has also further stoked that reaction when it revealed that the $25 value of the card would be taken off any future amount paid out to consumers who win any class action settlements.

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Loblaw Companies Ltd

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Judge rules Loblaw gift card terms not misleading

  Judge rules Loblaw gift card terms not misleading TORONTO - An Ontario judge has ruled that it's too early to determine the enforceability of Loblaw Companies Ltd.'s policy that consumers who receive a $25 gift card from the company waive their right to that sum in possible future settlement money from a bread price-fixing scheme class-action lawsuit. Ontario Superior Court of Justice Edward M. Morgan dismissed a motion challenging the terms of Loblaw's gift card plan. The company announced Monday L

Signing up for gift card doesn ' t preclude participating in class actions, but any payout would be deducted. Loblaws says it reserves the right to limit the number of cards that will be issued under the program, although the site doesn ' t include a number where it might be capped .

Loblaw said the gift cards should take six to 12 weeks to arrive and customers have until May 1 to sign up. Loblaw said , at this time, it doesn ' t plan to cap the number of people who can receive a card .

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The number of class actions has risen to seven, according to media reports, and one of those parties communicated its displeasure immediately to an Ontario Superior Court judge, in an effort to prevent Loblaw from making it a condition that consumers who receive a $25 gift card would have that amount deducted from any future awards. The court reserved judgment on that request.

MORE: How to register for the Loblaws gift card

The company opened registration Monday to consumer to sign up for the gift card and included on the sign-up page a comment that it reserved the right to limit the number of cards issued. Kevin Groh, Loblaw Cos vice-president of corporate affairs and communication, said that language should not be read as an indication that the grocer would actually do so, “Loblaw currently has no plan to limit the number of cards and anticipates being able to fulfill all valid card registrations,” he told Maclean’s.

Judge rules Loblaw gift card terms not misleading

  Judge rules Loblaw gift card terms not misleading TORONTO - An Ontario judge has ruled that it's too early to determine the enforceability of Loblaw Companies Ltd.'s policy that consumers who receive a $25 gift card from the company waive their right to that sum in possible future settlement money from a bread price-fixing scheme class-action lawsuit. Ontario Superior Court of Justice Edward M. Morgan dismissed a motion challenging the terms of Loblaw's gift card plan. The company announced Monday L

The Loblaw Card Program is administered by JND Legal Administration (the “Program Administrator”) on behalf of Loblaw . Blackhawk Network (Canada) Ltd. (“Blackhawk”) will be fulfilling and distributing the cards as well as tracking their activation and use on behalf of Loblaw

WATCH: Loblaws gift card registration begins Monday. The Greater Vancouver Food Bank (GVFB) says their organization and its sister groups are more than happy to accept the cards , but says would-be donors can actually triple their assistance by not donating the cards .

As of yesterday, and until May 8 of this year, consumers can start claiming the $25 gift card. Other limitations Loblaws put on the card included that it not be used to buy alcohol or tobacco products, and it also can’t be used at the Mobile Shop or Cooking School in Loblaw Stores, be used at gas stations or be redeemed for cash.

READ: How to donate your gift card to charity

Bakery to offer free bread in exchange for bread price-fixing $25 gift cards .
A local bakery in Kamloops, B.C., is offering customers five loaves of bread in exchange for their $25 gift cards to Save-On-Foods and Loblaws grocery stores, which they will then donate to local charities.AMZN

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