Sobeys has confirmed it will be closing from 50 to 60 under performing stores.
We’re told one of those stores will be in St. Stephen with more details about the closures being divulged today during the quarterly conference call with Empire management this afternoon at 2:00 Atlantic time.
The closures follow its $5.8-billion acquisition of rival Safeway Canada. Sobeys pledged to cut $200-million in annual costs within three years of the takeover.
Competition has also intensified with Wal Mart and Target now offering groceries.
