Home » Black Swans » Loblaws Still Looking for Joe Fresh Value. No Arithmetic on Fifth Ave. $L-CA

Loblaws Still Looking for Joe Fresh Value. No Arithmetic on Fifth Ave. $L-CA

Loblaw Great Food Logo.

Loblaw Great Food Logo. (Photo credit: Wikipedia)

Loblaws (TSX-L) is still looking for ways to score on Joe Fresh. Days before a hurricane was to shut down NYC the Fifth Ave store is selling decent rain jackets at $19. No sense of supply and demand. Rain jackets are now very important in NYC. Not to mention you will never cover Fifth Ave rents by selling $19.00 items.

Arithmetic not there. Wall of worry seems very high on this one.

George Gutowski writes from a caveat emptor perspective. Join him on twitter@financialskepti

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