TSX:EMP.AConsumer Retailing
Empire’s Valuation After E Commerce Reset And DoorDash Shift At Empire (TSX:EMP.A)
Empire’s e-commerce reset: what the fulfillment shift means for investors
Empire (TSX:EMP.A) is overhauling its online grocery footprint by closing Alberta e-commerce fulfillment centers, pausing Vancouver expansion, and leaning more on DoorDash delivery, while concentrating its automated Voilà network in Ontario and Quebec.
The move includes a $750 million non-cash impairment tied to e-commerce restructuring, with management targeting about $95 million in annualized operating income benefits...