01:41:45 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Empire Company Ltd
Symbol EMP
Shares Issued 151,300,850
Close 2023-10-11 C$ 37.82
Market Cap C$ 5,722,198,147
Recent Sedar Documents

Globe/CP say Loblaw, rivals mum on price changes

2023-10-12 07:58 ET - In the News

See In the News (C-L) Loblaw Companies Ltd

The Globe and Mail reports in its Thursday, Oct. 12, edition that major grocers in Canada are not yet confirming whether they have committed to special promotions to stabilize prices, as was recently promised by Ottawa. A Canadian Press dispatch to The Globe reports that Industry Minister Francois-Philippe Champagne announced last week that the grocers have presented initial plans to stabilize prices. CP has reached out to the grocers -- Loblaw, Empire, Metro, Walmart and Costco -- to confirm what exactly each of them has promised to do. Metro declined to comment, while Loblaw, Empire and Costco have not responded to requests for information. Walmart Canada said it plans to keep offering "every day low prices," which refers to Walmart's strategy of offering low prices on a regular basis, rather than on promotion only. Mr. Champagne's announcement last week on the commitments from grocers included little detail. He did not clarify what products may be subject to special promotions, for example. When pressed by reporters on how Canadians will know these promotions are any different than the ones regularly offered by grocers, Mr. Champagne said he does not want to disclose what each company has pledged to do.

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