Sobeys said Thursday that a store network review in the wake of its Canada Safeway acquisition led to a decision to close 50 underperforming stores. Around 60% of the stores to be closed are located in Western Canada. The stores represent around 3.8% of the company's total retail square footage and 1.9% of its total sales. "This rationalization will strengthen the quality of Sobeys' store network and is expected to improve net earnings as a result of cost savings; however it ...
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