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July 30, 2015 5:42 PM ET

Food and Staples Retailing

Company Overview of Sobeys Inc.

Company Overview

Sobeys Inc. engages in the food retailing business. It operates through five operating segments: Sobeys West, Sobeys Ontario, Sobeys Quebec, Sobeys Atlantic, and Lawtons. The company operates full service, fresh service, community services, price service, convenience service, and other format stores that provide groceries, fuel and convenience goods, healthcare and beauty products, health foods, and fresh foods. As of August 2, 2014, it owned or franchised approximately 1,500 stores in 10 provinces under the retail banners, such as Sobeys, Safeway, IGA, Foodland, FreshCo, Price Chopper, Thrifty Foods and Lawtons Drugs; and approximately 350 retail fuel locations. The company was founded in 1...

115 King Street

Stellarton, NS B0K 1S0

Canada

Founded in 1907

Phone:

902-752-8371

Key Executives for Sobeys Inc.

Chief Executive Officer, President and Chief Executive Officer of Empire Company Limited
Age: 53
Chief Financial & Administrative Officer
Age: 53
President of Multi-Format Operations
President of IGA Operations Business Unit
President of Operations - Safeway
Compensation as of Fiscal Year 2015.

Sobeys Inc. Key Developments

Sobeys Plans to Open Automated Distribution Centers in Ontario and Alberta

Sobeys announced that it will open automated distribution centers in Ontario and Alberta.

Sobeys Inc. to Slash 1,300 Jobs

Sobeys Inc. announced that it is preparing to shave 1,300 jobs in the wake of its takeover of Safeway Canada to consolidate its distribution and office operations and cut costs. The company is closing three of its distribution centres and launching a new one as well as an expanded one in the next couple of years. Those closings and the job losses, including some at its offices, resulted in Empire recording a $103-million charge in its latest quarter. Sobeys bought last month its new distribution centre in Rocky View, just north of Calgary, from insolvent Target Canada for $50 million. It will be updated and partly automated. Sobeys and other grocers are under pressure to slim down their costs as they take on U.S. global behemoths Wal-Mart Stores Inc. and Costco Wholesale Corp., while Canadian leader Loblaw Cos. Ltd. sharpens its game. It closed an ice cream and cheese manufacturing plant in Winnipeg, consolidating production in a facility in Edmonton and cutting 50 jobs. In its upcoming moves, it will close its Milton, Ont., distribution centre after its expanded automated centre in Vaughan, Ont., launches in October of 2016. And its Calgary 42nd Avenue centre will close after its recently acquired former Target distribution centre opens in mid-2017. It expects its King Edward centre in Winnipeg to close early in 2016.

Sobeys Unveils New Canadian Chuck Burger

Sobeys Inc. has introduced the new Canadian Chuck Burger along with an assortment of other fresh burgers reportedly made for grilling. In addition to the Canadian Chuck Burger, Sobeys' new line of fresh burgers available exclusively for Sobeys banner stores includes: a Certified Humane Canadian Chuck Burger, made from beef raised humanely without added antibiotics or hormones; the Canadian Turkey Burger, made from 100% Canadian turkey and the Canadian Pork Burger, made from 100% Canadian pork. Sobeys' 100% AAA Canadian Burgers are also available in fresh new flavours such as jalepeno and cheddar cheese; bacon and cheddar cheese; poutine gravy and cheese curds; or rimmed with steak and onion spice.

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