Business
Empire progresses FreshCo discount expansion, announcing first two Alberta locations and four new Manitoba locations
Empire progresses FreshCo discount expansion, announcing first two Alberta locations and f...
About this update from Empire Co Ltd Class A
[{"type":"text","content":"\n\n\n\nEmpire progresses FreshCo discount expansion, announcing first two Alberta locations and four new Manitoba locations\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSTELLARTON, NS, June 9, 2020\n\n\n\n28 FreshCo locations in Western Canada confirmed to date 16 FreshCo stores open across British Columbia and Manitoba Two FreshCo stores to open in B.C. in June 2020 Four FreshCo stores in Saskatchewan to open in Summer 2020 One Chalo! FreshCo in Alberta announced today One store in Alberta announced today for conversion to FreshCo Four stores in Manitoba announced today for conversion to FreshCo $4 million in store closure costs to be expensed in the first quarter of fiscal 2021 STELLARTON, NS, June 9, 2020 /CNW/ - Today Empire Company Limited (\"Empire\" or the \"Company\") (TSX: EMP.A) announced the next six locations for the expansion of its FreshCo discount banner in Western Canada, including the first FreshCo locations in Alberta. With this announcement, the Company has now confirmed 28 of approximately 65 locations in Western Canada. In fiscal 2018, the Company announced plans to convert approximately 25% of its underperforming Safeway and Sobeys locations to FreshCo over a five-year period. \n\"Breaking ground in Alberta is a significant milestone in our Western Canadian expansion. We have now opened or planned locations in every province in Western Canada,\" said Mike Venton, General Manager, Discount. \"Our FreshCo expansion into Western Canada is more relevant than ever before, as economic realities continue to shift. We are seeing a strong appetite for discount grocery options as the brand continues to resonate with the Western Canadian shopper.\"\nSince the first FreshCo opened in April 2019, the Company has opened 14 FreshCo stores in B.C. and two in Manitoba. By the end of the second quarter of fiscal 2021, the Company plans to open two additional FreshCo stores in B.C. and four in Saskatchewan.\nThe Company will work with the union that represents impacted employees in Manitoba to ensure that all terms of the collective agreeme...