Business
Empire Provides E-Commerce Update
Empire Provides E-Commerce Update Canada NewsWire Empire expands third-party deli...
About this update from Empire Co Ltd Class A
[{"type":"text","content":"\n\n\nEmpire Provides E-Commerce Update\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\nCanada NewsWire\n\n\nEmpire expands third-party delivery partnerships with the addition of DoorDash Company rationalizes certain e-commerce assetsCompany expects immediate benefits of approximately $95 million in annualized operating income; records write down of approximately $750 million in the third quarter of fiscal 2026STELLARTON, 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.\n\n\n\n\n\n\n\nEmpire 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.\n\"We remain highly committed to grocery e-commerce in Canada and on continuing to make online shopping more convenient for our customers, while delivering immediate bottom-line improvements to our e-commerce business,\" said Pierre St-Laurent, President & CEO, Empire.\nKey elements of Empire's e-commerce update include:1. Immediate wind-down and closure of its Alberta e-commerce facilities, comprised of a Customer Fulfillment Centre (CFC) in the Calgary area and a smaller support facility in Edmonton. In addition, and as previously communicated, the Company will continue the pause on development of its CFC located in the Vancouver area.\nEmpire's Alberta e-commerce operations have not met the company's financial expectations, largely due to the Alberta gro...