Empire

• Grocers likely to exceed record profits in 2023, economist says

  Profits in the Canadian grocery sector will likely exceed $6B in 2023, setting a new record as they rise eight per cent from last year, according to the Centre for Future Work.

  Money

  Dec 11, 2023
  
• Ottawa summons major grocery CEOs to talk lowering food prices — or else

  The companies are being tasked with coming up with a plan to stabilize prices by Thanksgiving, Prime Minister Justin Trudeau said, warning the government is prepared to act.

  Politics

  Sep 14, 2023
  
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• 5 takeaways from the Competition Bureau’s study into Canada’s grocery sector

  Canada's competition watchdog released its much-awaited study into the country's retail grocery market, painting a picture of an industry dominated by few players.

  Money

  Jun 27, 2023
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• ‘Profits are profits’: As food prices soar, Liberal MP says Canada needs more competition

  London North Centre Liberal MP Peter Fragiskatos asked Galen Weston, CEO of Loblaws, why the company wouldn’t reintroduce the ‘hero pay’ for workers.

  Canada

  Mar 10, 2023
• Canadians making fewer grocery store trips as food inflation continues to bite: report

  RBC's consumer spending tracker showed the average number of grocery transactions last month was still above pre-pandemic levels, but lower than the bump seen last fall.

  Consumer

  Mar 9, 2023
• Grocery CEOs defend ‘reasonable profitability’ in grilling over soaring food costs

  The heads of Loblaw, Empire and Metro told the House of Commons agriculture committee they aren't contributing directly to food inflation despite rising profits.

  Canada

  Mar 8, 2023
• Big grocery store CEOs summoned to testify at committee studying food inflation

  MPs called on the CEOs and presidents of Loblaw, Metro and Empire — which operates chains including Sobeys, Safeway and FreshCo — to attend an upcoming meeting.

  Politics

  Feb 14, 2023
• Shell Canada snapping up gas stations in preparation for green energy transition

  Because Shell has a strong presence in Europe, where EV adoption has occurred faster, the company said it has a strong sense of what the fuel station of the future will look like.

  Consumer

  Dec 15, 2022
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• Sobeys parent Empire selling gas stations in Western Canada as profit climbs

  The Sobeys parent company announced the sale of the retail fuel sites to Canadian Mobility Services Ltd. on Thursday as it reported its latest quarterly earnings.

  Canada

  Dec 15, 2022
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• Empire Co. hit by IT problems affecting pharmacies at Sobeys and other grocery stores

  The company said an 'IT systems issue' is affecting certain pharmacies, though it said stores remain open and are not experiencing significant disruptions.

  Canada

  Nov 7, 2022