Business
Empire reaches half-way mark in Western Canada discount expansion plans with announcement of seven new FreshCo stores
Empire reaches half-way mark in Western Canada discount expansion plans with announcement...
About this update from Empire Co Ltd Class A
[{"type":"text","content":"\n \n \n \n Empire reaches half-way mark in Western Canada discount expansion plans with announcement of seven new FreshCo stores\n \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 Canada NewsWire\n \n \n \n \n \n Seven new locations for FreshCo discount banner\n \n \n 37 FreshCo locations in\n \n Western Canada\n \n confirmed to date (1.4 million gross square feet)\n \n \n \n 22 stores now open across\n \n British Columbia\n \n ,\n \n Saskatchewan\n \n and\n \n Manitoba\n \n \n \n Four stores in\n \n Manitoba\n \n and two in\n \n Alberta\n \n to open in Spring 2021\n \n \n One store in\n \n Saskatchewan\n \n to open in Summer 2021\n \n \n One store in\n \n Alberta\n \n to open in Winter 2021/2022\n \n \n Six stores in\n \n Alberta\n \n announced today for conversion to FreshCo\n \n \n One store in\n \n Northern Ontario\n \n announced today for conversion to FreshCo\n \n \n \n \n $11.7 million\n \n in store closure costs to be expensed in the third quarter of fiscal 2021\n \n \n \n \n STELLARTON, NS\n \n ,\n \n Jan. 25, 2021\n \n /CNW/ - Today Empire Company Limited (\"Empire\" or the \"Company\") (TSX: EMP.A) announced the next seven locations for the expansion of its FreshCo discount banner, six in\n \n Alberta\n \n and one in\n \n Northern Ontario\n \n . With this announcement, the Company has now confirmed 37 of approximately 65 locations in\n \n Western Canada\n \n . In\n \n December 2017\n \n , the Company announced plans to convert approximately 25 per cent of its Safeway and Sobeys locations to FreshCo over a five-year period.\n \n \n Empire is on track with the Project Horizon commitment to open 10 to 15 FreshCo stores in fiscal 2021.\n \n \n \"Empire's discount network has grown 23 per cent since we opened our first store in the West only two years ago,\" said\n \n Mike Venton\n \n , General Manager, Discount. \"We are committed to delivering market share growth through Project Horizon;\n \n Alberta\n \n is ripe with opportunity for Empire to compete with a strong discount offering. We are now more than half way through our FreshCo expansion in\n \n We...