Empire Co. The parent company of Sobeys Inc. The grocery chain developed a cult-like following for its fresh produce selection, prepared meals, and in-house brand by like lemon-garlic dressing, fermented garlic flowers and chocolate chip cookie chips. Some of those fans were quick to take to social media and express their concern that Empire may change the beloved retailer too.
He assured the tweeter the company does not plan to screw this up. The plan is similar to other acquisitions in the industry. InLoblaw Companies Ltd.
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The acquisition delivers this loyal consumer base for Empire, said Kevin Grier, an agriculture and food market analyst with Kevin Grier Market Analysis and Consulting Inc.
Conventional grocery banners, like Sobeys, have been losing market share to discount chains, specifically Walmart and Costco, he said.
Their biggest hurdle is differentiating themselves from their competitors to entice customers through their doors, Grier said, adding Farm Boy offers Distinguished gentleman Mississauga distinction.
Within six months, missteps such as the cancellation of a popular loyalty program, failure to keep certain items in stock and problems with back-office software were Farmers boy Halifax customers and staff alike and led to plunging same-store sales numbers, a key metric in the retail space.
The company Farers launched Project Sunrise, a three-year transformation project intended, in part, to reduce costs after struggling financially. Get a roundtrip of the most important and intriguing national stories delivered to your inbox ever weekday.
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Sobeys owner to acquire Ontario-based grocery retailer Farm Boy
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