Empire Tumbles as Safeway Stores Struggle in Western Canada

  • Company posts 1.8% decline in same-store sales, loss in 4Q
  • CEO Poulin sees softening trend in other parts of country

Empire Co., the parent of the Canadian grocery chain Sobeys, plunged to its lowest in more than three years after posting a C$942.6 million ($725 million) quarterly loss amid weak sales in the western part of the country.

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