Empire closes Voilà e-commerce facilities in Alberta and takes $750-million writedown

theglobeandmail.com [$]

Empire Co. is closing its Voilà e-commerce facilities in Alberta and taking a $750-million writedown due to underperformance. The company cited a smaller-than-anticipated e-commerce market in Alberta for the closures of its Calgary and Edmonton facilities. It will now rely on third-party delivery partners. Voilà's operations in Toronto and Montreal will continue, and Empire plans a new partnership with DoorDash. The changes are expected to boost annualized operating income.


With a significance score of 1.2, this news ranks in the top 48% of today's 31263 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Empire closes Voilà e-commerce facilities in Alberta and takes $750-million writedown | News Minimalist