Empire Company’s President & CEO Marc Poulin to leave

Stellarton, NS, Country, 2016-Jul-10 — /EPR Retail News/ — The Boards of Directors of Empire Company Limited (TSX:EMP.A) and Sobeys Inc. have announced that President & CEO Marc Poulin has left the companies effective immediately.

“On behalf of the Board, I would like to thank Marc for his efforts and leadership as CEO over the past four years and, prior to that, for the important role he played in developing our Quebec business,” said Rob Dexter, Chair of Empire Company Limited.

François Vimard, Empire’s Chief Financial and Administrative Officer, has been appointed Interim President & CEO as the company initiates an orderly succession process to identify a permanent leader. Mr. Vimard will also replace Mr. Poulin on the Empire Board of Directors.   “The Board of Directors is unanimous in its support of François Vimard’s leadership as we undertake this succession process,” said Mr. Dexter.

“Despite the significant challenges we have faced over the past year, the Board is confident the company is pursuing the right strategy,” he continued. “It is our clear expectation that François and his strong and experienced leadership team will prioritize and advance the most critical elements of the company’s strategy to ensure we meet the needs and expectations of our customers and see the return of long-term profitable growth for the company.”

A Chartered Professional Accountant, Mr. Vimard brings a wealth of experience and extensive knowledge of Empire and Sobeys to his new position. He has more than 30 years of experience in the food retailing business, joining Sobeys in1995.

Clinton Keay, Empire’s Executive Vice President of Finance will assume the role of Interim Chief Financial Officer.

Mr. Keay is a Chartered Professional Accountant who joined Sobeys in 1989 and held a number of progressively senior finance roles before being appointed Senior Vice President & Chief Information Officer in 2002 and Executive Vice President of Finance for Empire in 2014.

ABOUT EMPIRE
Empire Company Limited (TSX: EMP.A) is a Canadian company headquartered in Stellarton, Nova Scotia. Empire’s key businesses are food retailing and related real estate. With $24.6 billion in sales and $9.1 billion in assets, Empire and its subsidiaries, franchisees and affiliates employ approximately 125,000 people.

Additional financial information relating to Empire, including the Company’s Annual Information Form, can be found on the Company’s website at www.empireco.ca or on SEDAR at www.sedar.com.

For more information please contact:
Andrew Walker
Senior Vice President
Communications & Corporate Affairs Sobeys Inc.
(905) 238-7124 ext. 6711

Source: Sobey’s

Sobeys Inc. announces the appointment of Beth Newlands Campbell as President of its Atlantic/Ontario business unit

STELLARTON, NS, 2016-Apr-21 — /EPR Retail News/ — Sobeys Inc. today announced the appointment of Beth Newlands Campbell as President of the company’s Atlantic/Ontario business unit.

An experienced grocery industry leader, Ms. Newlands Campbell has spent 30 years in progressively senior operations marketing, merchandising and strategic planning roles with Delhaize’s U.S. operations, including the Hannaford Supermarkets and Food Lion banners. Most recently, Ms. Newlands Campbell was President of Food Lion.

“Beth’s diverse experience and proven record in organizational growth and strategic planning will support all aspects of our business in Atlantic Canada and Ontario,” said Marc Poulin, President & CEO, Sobeys Inc. “Her passion for food, customer service and serving her community positions her well to continue advancing our mission to help Canadians Eat Better, Feel Better and Do Better.”

Ms. Newlands Campbell will report to Mr. Poulin and serve as a member of the Sobeys Inc. Leadership Committee. Her appointment is effective immediately.

About Sobeys Inc.
Proudly Canadian, with headquarters in Stellarton, Nova Scotia, Sobeys has been serving the food shopping needs of Canadians for 108 years. A wholly-owned subsidiary of Empire Company Limited (TSX:EMP.A), Sobeys owns or franchises approximately 1,500 stores in all 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores as well as more than 350 retail fuel locations. Sobeys, its franchisees and affiliates employ more than 125,000 people. The company’s purpose is to help Canadians Eat Better, Feel Better and Do Better. More information on Sobeys Inc. can be found at www.sobeyscorporate.com.

For more information, please contact: Andrew Walker Senior Vice President, Communications & Corporate Affairs Sobeys Inc. (905) 238-7124 ext. 6711

Sobeys Inc. announces the appointment of Yves Laverdière as President of it’s Quebec business unit

STELLARTON, NS, 2016-Feb-16 — /EPR Retail News/ —  Sobeys Inc. today announced the appointment of Yves Laverdière as President of the company’s Quebec business unit.

Mr. Laverdière served for a 19 years as a senior leader within the Quebec business unit, most recently as the Senior Vice President, Merchandising, for the IGA banner.

“Yves is a well respected, experienced food executive who understands all aspects of our business in Quebec,” said Marc Poulin, President & CEO, Sobeys Inc. “He is well positioned to continue advancing our Joy of Eating Better strategy and executing our plan to serve the needs of our customers throughout the province. His expertise and insight will also prove of great value for our company as a whole.”

Mr. Laverdière will report to Mr. Poulin and serve as a member of the Sobeys Inc. Leadership Committee. His appointment is effective immediately.

About Sobeys Inc.
Proudly Canadian, with headquarters in Stellarton, Nova Scotia, Sobeys has been serving the food shopping needs of Canadians for 108 years. A wholly-owned subsidiary of Empire Company Limited (TSX:EMP.A), Sobeys owns or franchises approximately 1,500 stores in all 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores as well as more than 350 retail fuel locations. Sobeys, its franchisees and affiliates employ more than 125,000 people. The company’s purpose is to help Canadians Eat Better, Feel Better and Do Better. More information on Sobeys Inc. can be found at www.sobeyscorporate.com.

For more information, please contact:
Andrew Walker
Senior Vice President, Communications & Corporate Affairs
Sobeys Inc.
(905) 238-7124 ext. 6711

Marie-Noëlle Cano
Director, Communications & Public Relations
Sobeys Quebec
(514) 324-1010 ext.5200

Sobeys Inc. announces the departure of its Quebec business unit president Claude Tessier

STELLARTON, NS, 2016-Jan-26 — /EPR Retail News/ — Sobeys Inc. today announced that Claude Tessier, President of the company’s Quebec business unit has left the organization to pursue another opportunity.

Simon Gagné, Chief Human Resources Officer, Sobeys Inc., will, in addition to his current responsibilities, oversee the Quebec business unit on an interim basis as the company undertakes a thorough search for Mr. Tessier’s replacement.

Mr. Gagné has a deep understanding of the Quebec business having served for 15 years as a member of the Quebec leadership team before being appointed as Chief Human Resources Officer for Sobeys Inc. in 2012.

“Our leadership team in Quebec, which manages the IGA retail chain as well as other banners throughout the province, will remain focused on advancing the Joy of Eating Better movement and in serving the needs of our customers each and every day,” said Marc Poulin, President & CEO, Sobeys Inc.

About Sobeys Inc. Proudly Canadian, with headquarters in Stellarton, Nova Scotia, Sobeys has been serving the food shopping needs of Canadians for 108 years. A wholly-owned subsidiary of Empire Company Limited (TSX:EMP.A), Sobeys owns or franchises approximately 1,500 stores in all 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores as well as more than 350 retail fuel locations. Sobeys, its franchisees and affiliates employ more than 125,000 people. The company’s purpose is to help Canadians Eat Better, Feel Better and Do Better. More information on Sobeys Inc. can be found at www.sobeyscorporate.com.

For more information, please contact:
Andrew Walker
Senior Vice President, Communications & Corporate Affairs
Sobeys Inc.
(905) 238-7124 ext. 6711

Marie-Noëlle Cano
Director, Communications & Public Relations
Sobeys Quebec
(514) 324-1010 ext.5200

Empire Company Q2-FY2016: Sales up 1.1 percent to $6,059.2 million

Stellarton, Nova Scotia, Canada, 2015-12-10 — /EPR Retail News/ — Empire Company Limited (“Empire” or the “Company”) (TSX: EMP.A) today announced financial results for its second quarter ended October 31, 2015. In the second quarter, the Company recorded adjusted net earnings, net of non-controlling interest, of $110.7 million ($0.40 per diluted share) compared to $126.6 million ($0.46 per diluted share) in the second quarter last year, a 12.6 percent decrease.

Second Quarter Highlights

  • Sales of $6,059.2 million, up $64.1 million or 1.1 percent.
  • Sobeys’ same-store sales (1) excluding fuel sales increased 0.9 percent. Including fuel sales, samestore sales increased 0.1 percent.
  • EBITDA (1) of $256.3 million compared to $323.8 million last year, down $67.5 million or 20.8 percent.
  • Adjusted EBITDA (1) of $303.7 million compared to $331.0 million last year, down $27.3 million or 8.2 percent.
  • Net earnings, net of non-controlling interest, of $68.5 million compared to $116.9 million last year, a decrease of $48.4 million or 41.4 percent.
  • Adjusted net earnings (1), net of non-controlling interest, of $110.7 million compared to $126.6 million last year, a $15.9 million or 12.6 percent decrease.
  • Adjusted EPS (2) (fully diluted) of $0.40 compared to $0.46 last year, a 13.0 percent decrease.
  • Funded debt to total capital (1) ratio of 29.1 percent versus 27.7 percent at May 2, 2015.

(1) See “Non-GAAP Financial Measures” section of this news release. (2) Earnings per share (“EPS”).

“As anticipated, our second quarter results continued to trail performance versus the same period last year as the integration of Safeway continues to present challenges,” said Marc Poulin, President and CEO, Empire Company Limited. “While we made progress in the adoption of new processes following the implementation of new technology systems, the challenges persisted. In the second quarter, samestore sales were below expectations as a result of customer reaction to our operational challenges and a difficult economy in the west.

“Now that our merchandising team is in place, their focus will be to implement strategies that will improve our overall offering and performance. This marks a critical milestone in the second phase of our Safeway integration strategy, which entails consolidating the majority of our Western Canada back office functions and processes in Calgary. This will yield meaningful cost savings and improve long-term profitability. We remain confident in our ability to realize, if not exceed, our three-year run rate Safeway integration synergy target of $200 million.”

Dividend Declaration
The Board of Directors declared a quarterly dividend of $0.10 per share on both the Non-Voting Class A shares and the Class B common shares that will be payable on January 29, 2016 to shareholders of record on January 15, 2016. These dividends are eligible dividends as defined for the purposes of the Income Tax Act (Canada) and applicable provincial legislation and, therefore, qualify for the favourable tax treatment applicable to such dividends.

ABOUT EMPIRE
Empire Company Limited (TSX: EMP.A) is a Canadian company headquartered in Stellarton, Nova Scotia. Empire’s key businesses are food retailing and related real estate. With approximately $24.0 billion in annualized sales and $11.6 billion in assets, Empire and its subsidiaries, franchisees and affiliates employ approximately 125,000 people.

Additional financial information relating to Empire, including the Company’s Annual Information Form, can be found on the Company’s website at www.empireco.ca or on SEDAR at www.sedar.com.

For further information, please contact:

Media Contact
Andrew Walker
Senior Vice President
Communications & Corporate Affairs
Sobeys Inc.
(905) 238-7124 ext. 6711

Investor Contact
Ken Chernin
Director, Investor Relations
Empire Company Limited
(902) 752-8371 ext. 3409

For full results

SOURCE: Empire Company Limited

The Sobeys Inc. Better Food Fund in new national partnership with Special Olympics Canada

Partnership to centre on nutrition education and cooking skills for Canadians with intellectual disabilities

Stellarton, NS, 2015-11-25 — /EPR Retail News/ — The Sobeys Inc. Better Food Fund is proud to announce a new national partnership with Special Olympics Canada. The partnership will centre on providing increased access to nutrition education for Canadians with intellectual disabilities.

Launched in 2014, the Sobeys Inc. Better Food Fund supports access to and the advancement of better food through donations and partnerships with national and regional charities. The Fund has three distinct areas of focus:

  • Eat Better – food access through the support of food banks and meal programs
  • Feel Better – health management, prevention and research on foodrelated health issues
  • Do Better – food literacy through nutrition education and cooking skills

A common thread in all Special Olympics Canada programs, whether daily sport programs or Team Canada on the world stage, is the need for increased focus on the importance of good nutrition. Research shows that Canadians with intellectual disabilities face significant adverse health conditions such as obesity, heart disease, stroke, type 2 diabetes and some types of cancer. Nutrition education is critical to reducing the risk of chronic disease.

Data on the health status of individuals with intellectual disabilities indicates that 60% of adult Special Olympics athletes are obese and overweight. Of those athletes screened in the Special Olympics Healthy Athletes program, 27% had low bone density and the overall mortality rate of people with intellectual disabilities is more than five times higher than people the same age, sex and residence.

The partnership between Special Olympics Canada and the Sobeys Inc. Better Food Fund will result in early introduction of better food, knowledge and skills in order to help combat the increased risk of chronic disease, additional stresses of families with members that have an intellectual disability and the need for increased food knowledge. Thousands of Canadians living with intellectual disabilities – from 2 years of age to senior citizens – as well as their families, caregivers and coaches will access nutrition guides, cooking classes and fresh accessible food, through the hundreds of local Special Olympics programs across the country.

“Together with Special Olympics Canada, the Sobeys Inc. Better Food Fund will make better food possible for families, athletes and coaches in the Special Olympics Canada community,” said Marc Poulin, President and CEO, Sobeys Inc. “This is just the beginning of an exciting partnership that will result in more of our neighbours living with intellectual disabilities eating better, feeling better and doing better.”

“We are proud to partner with the Sobeys Inc, Better Food Fund,” said Sharon Bollenbach, CEO of Special Olympics Canada. “Special Olympics Canada and Sobeys believe in the need for new and improved health and nutrition resources that will have a positive impact on the lives of Canadians with intellectual disabilities. Together, we can change the game and set our athletes, and their families, caregivers and coaches, on a course for a long, healthy, active life.”

More information about the Sobeys Inc. Better Food Fund is available at https://www.sobeys.com/betterfoodfund.

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For further information or to schedule an interview, please contact: Renée Hopfner Director, Community Investment Renee.Hopfner@sobeys.com 403-730-3631

About Sobeys Inc.
Proudly Canadian, with headquarters in Stellarton, Nova Scotia, Sobeys has been serving the food shopping needs of Canadians for 108 years. A wholly-owned subsidiary of Empire Company Limited (TSX:EMP.A), Sobeys owns or franchises approximately 1,500 stores in all 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores as well as more than 350 retail fuel locations. Sobeys and its franchise affiliates employ more than 125,000 people. The company’s purpose is to help Canadians Eat Better, Feel Better and Do Better. More information on Sobeys Inc. can be found at www.sobeyscorporate.com.

About Special Olympics Canada
Established in 1969, the Canadian chapter of this international movement is dedicated to enriching the lives of Canadians with an intellectual disability through sport. Operating yearround in all Canadian provinces and territories except Nunavut, this grassroots movement reaches beyond the sphere of sport to empower individuals, change attitudes, and build communities. From two-year olds to mature adults, there are more than 40,000 children and adults with an intellectual disability registered in Special Olympics programs across Canada. They are supported by more than 19,000 volunteers, including close to 14,000 trained coaches. For further information: Visit www.specialolympics.ca or follow us on Facebook and Twitter (@SpecialOCanada).

Earn AIR MILES reward miles at Sobeys, Sobeys Urban Fresh and Foodland stores in Ontario

Sobeys first national grocer to offer AIR MILES Reward Program across Canada 

STELLARTON, NS, 2015-1-16 — /EPR Retail News/ — Sobeys and LoyaltyOne, Co., owner and operator of the AIR MILES® Reward Program, are expanding their relationship in the province of Ontario. Beginning March 27, 2015, shoppers will be able to earn AIR MILES reward miles at Sobeys, Sobeys Urban Fresh and Foodland stores in Ontario. The expansion also includes the launch of the AIR MILES program’s instant redemption feature, AIR MILES Cash, for in-store savings at the check-out.

With the launch of the AIR MILES Reward Program in Ontario, Sobeys will become the loyalty program’s first Canadian grocery Sponsor to issue reward miles across Canada.

This expansion follows the September 2014 launch of the AIR MILES Reward Program in Sobeys Western Canadian banners including Sobeys, IGA, Thrifty Foods and Edgemont Market, and Sobeys Liquor, while continuing the partnership with Safeway and Safeway Wine and Spirits stores. AIR MILES Cash launched in Safeway and Safeway Wine and Spirit stores in November 2014. In Quebec, IGA, IGA extra, Marché Bonichoix, Les Marchés Tradition and Rachelle-Béry continue to offer the AIR MILES reward program.

Customers also continue to collect reward miles at Sobeys, Foodland and Lawtons Drugs in Atlantic Canada.

“Our customers have responded very positively to the AIR MILES Program in other provinces, and we are looking forward to adding the same value to our customers’ shopping experience in Ontario,” says Marc Poulin, president and chief executive officer, Sobeys Inc. “For the first time, we will have a national rewards program and we are delighted to partner with LoyaltyOne across Canada to provide a more rewarding experience in our stores.”

The Ontario Club Sobeys loyalty program and BMO Club Sobeys MasterCard will transition to the AIR MILES Reward Program in 2015.

The cross-Canada relationship provides Sobeys customers and AIR MILES Collectors the opportunity to earn even more AIR MILES reward miles for their everyday purchases at locations in all 10 provinces.

Collectors can redeem their reward miles for more than 1,200 rewards options, including travel and merchandise in addition to the Program’s instant redemption feature, AIR MILES Cash, which will be available at all Sobeys, Sobeys Urban Fresh and Foodland stores where AIR MILES reward miles are issued.“The expansion of our partnership with Sobeys over the past year, from Atlantic Canada and Quebec to Western Canada and now Ontario, has provided for even more customers to engage with the Program and benefit from its value,” says Andy Wright, president, AIR MILES Reward Program. “We are thrilled to grow and strengthen our long-standing partnership with Sobeys, one of Canada’s leading national grocers.”

Sobeys has been a valued Sponsor in the AIR MILES Reward Program for more than 15 years. Collectors can get more information on nearby Sponsors by visiting www.airmiles.ca.

About Sobeys Inc.
Proudly Canadian, with headquarters in Stellarton, Nova Scotia, Sobeys has been serving the food shopping needs of Canadians for 107 years. A wholly-owned subsidiary of Empire Company Limited (TSX:EMP.A), Sobeys owns or franchises more than 1,500 stores in all 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores as well as more than 350 retail fuel locations. Sobeys and its franchise affiliates employ more than 125,000 people.

The company’s purpose is to help Canadians Eat Better, Feel Better and Do Better. More information on Sobeys Inc. can be found at www.sobeyscorporate.com.

About LoyaltyOne Co.
LoyaltyOne is a global leader in the design and implementation of coalition loyalty programs, customer analytics and loyalty services for Fortune 1000 clients around the world. LoyaltyOne’s unparalleled track record delivering sustained business performance improvement for clients stems from its unique combination of hands-on practitioner experience and continuous thought leadership. LoyaltyOne has over 20 years history leveraging data-driven insights to develop and operate some of the world’s most effective loyalty programs and customer-centric solutions. These include the AIR MILES Reward Program, North America’s premier coalition loyalty program; a majority stake in European-based BrandLoyalty, one of the largest and most successful campaign-driven loyalty marketers outside of the Americas; and a working partnership with Latin America’s leading coalition program, dotz. LoyaltyOne is also the owner of COLLOQUY, a group dedicated to research, publishing and education for the global loyalty industry. LoyaltyOne is an Alliance Data company. For more information, visit www.loyalty.com.

About the AIR MILES Reward Program
Founded in 1992, the AIR MILES Reward Program is Canada’s premier coalition loyalty program with more than 10 million active Collector accounts, representing approximately two-thirds of all Canadian households. The AIR MILES Reward Program allows Collectors to earn reward miles simply by doing their everyday shopping at more than 240 leading brand-name Sponsors, representing thousands of retail and service locations across Canada and leading global brands online. The AIR MILES Reward Program also allows Collectors to indulge in more than 1,200 leisure, entertainment, merchandise, travel and a range of accredited, environmentally-friendly lifestyle rewards. With AIR MILES Cash, Collectors can also have the flexibility to instantly redeem their AIR MILES reward miles in-store towards many every day and high value purchases like gas, grocery, drug store items and home improvement purchases at participating Sponsors.

For More Information, Contact:
Sobeys Inc.: 902-752-8371, ext. 8455, cynthia.thompson@sobeys.com
AIR MILES Reward Program Media Office: 416-552-2352, mediaoffice@loyalty.com