PROFILE |
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Sobeys' stores would be cool even if its freezers were on the fritz. The second-largest food retailer in Canada (behind Loblaw Companies), Sobeys has about 1,400 grocery stores, some 950 of them franchised. Some of its stores (which include IGA, Knechtel, Food Town, Foodland, Sobeys, Price Chopper, and Boni Choix) offer bakeries, pharmacies, dry cleaning, and banking services. Through its SERCA Foodservice division, Sobeys supplies food to restaurants, hotels, hospitals, and other institutions. The company acquired The Oshawa Group in 1998; Sobeys then merged its private-label products into Oshawa's private-label brands. Sobeys is 62%-owned by Empire Company, itself controlled by the Sobey family.
COMPETITION |
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Canada Safeway Limited (dossier)
Loblaw Companies Limited (L)
Wal-Mart Stores, Inc. (WMT)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: April
2000 Sales (mil.): 7,433.60
1-Yr. Sales Growth: 73.7%
KEY PEOPLE |
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Bill McEwan
CEO
Glenn Hynes
CFO
CONTACT INFO |
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115 King St.
Stellarton Nova Scotia B0K 1S0, Canada
Phone: 1-902-752-8371
Fax: 1-902-752-2960
Online: Web Site
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