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How changing demographics and tastes are shaping Canada's grocery stores
(www.coastreporter.net)
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I'd say the boycott also had a big impact.
Did it? The Loblaw stores in my area seem to be doing fine
Loblaws stock kept going up. Doesn't seem like the shareholders noticed the boycott at all.
They noticed, and Loblaws reported "soft sales". It's just that everyone knew the boycott would end so they didn't freak out and sell stocks.