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RMFP Portfolio Update 2014 - Oct 24

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Manulife Monthly High Income Fund

  • Loblaw Companies Ltd. is preparing to pilot a grocery click-and-collect program, which will allow shoppers to order online and pick up their completed order at stores.
  • A Loblaws location on High Tech Road in the Toronto suburb of Richmond Hill has set up a bright red archway in its parking lot that marks the assigned parking spots for "click&collect" customers. 
  • Subscribers to the new service will soon be able to choose their groceries online and pay with a credit card. Customers then drive to the assigned, red-painted parking spots and wait for an employee to bring the purchases to their car. 
  • While click- and collect is not well-known in Canada, the service is widely used in Europe and at some stores in the U.S., to service time-starved customers who don’t have time to shop themselves. 
  • In France, one in five shoppers report having used click-and-collect services from grocery chains, according to Canadian Grocer editor Rob Gerlsbeck. 
  • Loblaw Companies is a 3.2% weight in the portfolio.