Seven new locations announced for discount grocery format
Sobeys Inc. parent Empire Company Ltd. is set to pass the halfway point in the expansion of its FreshCo discount supermarket format.
Stellarton, Nova Scotia-based Empire this week announced seven new FreshCo locations, including six in Alberta and one in northern Ontario. The Canadian food and drug retailer Company has now confirmed 37 of about 65 planned FreshCo stores in Western Canada.
In December 2017, Empire unveiled plans to convert underperforming Safeway and Sobeys supermarkets in Western Canada amounting to approximately 25% of the banners’ 255 locations in the region to FreshCo outlets over the following five years.
37 FreshCo locations in Western Canada confirmed to date (1.4 million gross square feet)
22 stores now open across British Columbia, Saskatchewan and Manitoba
Four stores in Manitoba and two in Alberta to open in Spring 2021
One store in Saskatchewan to open in Summer 2021
One store in Alberta to open in Winter 2021/2022
Six stores in Alberta announced today for conversion to FreshCo
One store in Northern Ontario announced today for conversion to FreshCo
$11.7 million in store closure costs to be expensed in the third quarter of fiscal 2021
STELLARTON, NS, Jan. 25, 2021 /CNW/ - Today Empire Company Limited ( Empire or the Company ) (TSX: EMP.A) announced the next seven locations for the expansion of its FreshCo discount banner, six in Alberta and one in Northern Ontario. With this announcement, the Company has now confirmed 37 of approximately 65 locations in Western Canada. In December 2017, the Company announced plans to convert approximately 25 per cent of its Saf