Empire Company Limited

Empire Company Limited continues to make market share gains with its latest financial results and its announcement to build a third customer fulfillment centre in Calgary, Alta. in 2023. Same-store sales increased by close to 9 per cent, while food retailing net earnings climbed 27.3 per cent. E-commerce sales spiked 241 per cent, driven by the company's aggressive expansion of its Voilà home delivery service and fulfillment infrastructure.

"The market share gains our teams are delivering, quarter after quarter, give us tremendous confidence in our ability to achieve our Project Horizon goals," says Michael Medline, president and CEO of Empire. "Strong execution continued throughout the Company, with robust sales and margin growth, and very strong year on year increases in Food retailing operations. The health and safety of our frontline teammates continues to be paramount as the pandemic continues and our stores become even busier again. Our full-service and e-commerce businesses continue to meet the one-stop-shop needs of families across Canada, while delivering a safe and reliable shopping experience. In areas where government-mandated lockdowns are in effect, like the province of Manitoba, and Peel and Toronto in Ontario, we have implemented a Lockdown Bonus to recognize the incredible efforts of our frontline teammates."

Medline says "it's time" for Voilà to service Western Canada.

"In 2021, we will launch Voilà's curbside pickup service in Alberta to begin providing an omnichannel experience to customers in that province, before going live with our home delivery service from the CFC in 2023."

The company will partner with Crombie REIT to develop the third CFC in Calgary. Empire intends to lease the location from Crombie REIT and Crombie REIT will build the site to Empire's specifications.

 

 

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