Business
Empire Provides E-Commerce Update
Empire Company Limited ("Empire" or the "Company") (TSX: EMP.A) and its wholly-owned subsidiary, Sobeys Inc., today provided an e-commerce update focused on delivering immediate earnings improvement while expanding its successful third-party delivery partnerships. The actions contained in this update will allow the company to better serve the evolving needs of its online customers, particularly in the fastest-growing immediacy segment of e-commerce.
About this update from Doordash, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Empire expands third-party delivery partnerships with the addition of DoorDash ","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"Company rationalizes certain e-commerce assets","length":46,"tagName":"p"}]},{"val":[{"type":"text","content":"Company expects immediate benefits of approximately $95 million in annualized operating income; records write down of approximately $750 million in the third quarter of fiscal 2026","length":180,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":304,"olType":false},{"type":"text","content":"STELLARTON, NS, Jan. 28, 2026 /CNW/ - Empire Company Limited ("Empire" or the "Company") (TSX: EMP.A) and its wholly-owned subsidiary, Sobeys Inc., today provided an e-commerce update focused on delivering immediate earnings improvement while expanding its successful third-party delivery partnerships. The actions contained in this update will allow the company to better serve the evolving needs of its online customers, particularly in the fastest-growing immediacy segment of e-commerce.","length":511,"tagName":"p"},{"type":"image","alt":"Empire Company Limited and Sobeys Logo (CNW Group/Empire Company Limited)","displaySize":"","headline":null,"caption":"Empire Company Limited and Sobeys Logo (CNW Group/Empire Company Limited)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":245,"url":"https://media.zenfs.com/en/cnwgroup.com/8c9514773ad112716a4913a8cfbed8c3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vTBOAgSNMENcw2G0zF2R4w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQzMjtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/8c9514773ad112716a4913a8cfbed8c3","width":400,"height":245}},"href":"https://mma.prnewswire.com/media/2872063/Empire_Company_Limited_Empire_Provides_E_Commerce_Update.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Empire expects the actions contained in this update to deliver approximately $95 million in annualized operating income in fiscal 2027. The Company will incur non-cash impairment and related cash charges (including the impairment of right of use assets) in the third quarter of fiscal 2026 of approximately $750 million as a result of the rationalization and financial underperformance of its e-commerce network.","length":412,"tagName":"p"},{"type"...