Sobeys operates 633 corporate stores, encompassing supermarkets, convenience stores, drug stores and fuel centers, and supplies 701 franchised stores. It is owned by Empire Cos. and accounts for approximately 98% of Empire’s total sales.
Integration issues as Sobeys took ordering and inventory control of its acquired Safeway stores in Western Canada triggered a decline in margins and profits in a "challenging" first quarter, parent company Empire Cos. said Thursday....More
Sobeys is optimistic it can reverse the sales momentum it lost in the acquired Safeway stores in western Canada when it converted their software systems, Marc Poulin, president and CEO, told investors Thursday....More
Sobeys on Thursday said store closures and divestitures caused sales to decrease during the fiscal third quarter, but earnings improved as a result of synergies from its Safeway Canada acquisition....More