Western Canada woes trigger heavy 3Q loss for Sobeys

Western Canada woes trigger heavy 3Q loss for Sobeys

Still struggling to overcome Safeway integration issues and beset by economic and competitive challenges in Safeway's Western Canada markets, Empire Cos. posted slow sales growth and heavy losses in the fiscal third quarter.

The parent of the Sobeys chain said net losses in the period totaled $1 billion (U.S.), triggered by a $1.3 billion impairment charge related to its assets in Western Canada. Excluding the effects of the w

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