Shares of Empire Co. Ltd. were down six per cent on Wednesday amid news it's planning to convert up to a quarter of stores in Western Canada to its discount FreshCo banner as it struggles with industry challenges and increased labour costs. The company made the announcement after it posted a loss in its latest quarter as it was hit by restructuring costs, and said it would incur increased labour costs starting at the end of the third quarter of fiscal ...
12-14-2017, 04:30 AM
Empire shares down amid restructuring news
Shares of Empire Co. Ltd. were down six per cent on Wednesday amid news it's planning to convert up to a quarter of stores in Western Canada to its discount FreshCo banner as it struggles with industry challenges and increased labour costs. The company made the announcement after it posted a loss in its latest quarter as it was hit by restructuring costs, and said it would incur increased labour costs starting at the end of the third quarter of fiscal ...
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