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Gillette plans to spend $150 million supporting Venus during its first year, the bulk of its marketing budget for women’s razors. And Europe in April 2001 and will continue rolling out overseas through 2002. The handles and refill razors will be priced at $7.49 to $7.99 at retail, about the same range as the Mach3 system..

TORONTO Restaurants are dealing with the increased costs of minimum wage raises by hiking menu prices, but the same can be said for food prices at grocery stores.A report from BMO Capital Markets notes that food purchased from restaurants saw inflation of 4 per cent in February, citing Statistics Canada data, after climbing 3.7 per cent in January.marked an uptick in the level of inflation that was experienced in the preceding 10 months, which was between 2 per cent and 3 per cent, said Peter Sklar, retailing analyst at BMO, in a research note on Monday.An Ontario minimum wage increase to $14 took effect at the beginning of January, and on a provincial level, the data showed Ontario was the province that experienced a significant increase in restaurant price inflation in the first two months of the year, the analyst said.While that bodes well for restaurant companies such as Cara Operations Ltd., operator of Swiss Chalet and the Keg, it doesn appear Canada fiercely competitive grocery companies have been able to enjoy the same pricing upside.Nordstrom off price Rack brand dares to tread where Holt Renfrew failedOntario hasn’t seen a jump in restaurant prices this big since GST came in 27 years agoMetro adding more self checkouts, testing scan and go tech to cope with minimum wage hikesInflation in food purchased from stores rose 1.4 per cent year over year in February, the sixth consecutive month of grocery inflation after 11 months of deflation. But on a month over month basis, the consumer price index declined about 0.2 per cent, Sklar noted, the first month of decline since October.the basket continues to experience sequential declines and, consequently, tempered levels of inflation, we believe this could signal an increase in competitive intensity, among grocery retailers, Sklar said.On a call with analysts two weeks ago, Empire Co. Chief executive Michael Medline said the Sobeys and IGA owner had observed more promotional activity from its largest competitors in Ontario and the West in the most recent fiscal quarter than it had at any time in the prior 12 months, particularly in the discount segment.

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