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Empire Co. Reports Q1 Dip, Highlights Growth Strategy

Image: Sobeys Orangeville

Canadian grocery conglomerate Empire Company Limited announced a decrease in its first-quarter earnings for fiscal 2024. The retail giant, headquartered in Stellarton, Nova Scotia, reported a profit of $207.8 million, down from $261 million in the same period last year.

Despite the profit dip, Empire’s CEO Michael Medline expressed optimism about the company’s trajectory. “We are increasingly optimistic as market conditions are gradually improving, contributing to a more predictable operating environment,” Medline stated in a press release.

The earnings, which cover the 13-week period ended August 3, 2024, translate to 86 cents per diluted share. This represents a decrease from $1.03 per diluted share in the previous year’s quarter, which had been boosted by the sale of 56 gas stations in Western Canada.

headshot of Michael Medline
MICHAEL MEDLINE. PHOTO: LINKEDIN

On an adjusted basis, Empire’s earnings showed improvement, reaching 90 cents per share compared to 78 cents per diluted share in the same quarter last year. The company’s sales also saw a modest increase, totalling $8.14 billion, up from $8.08 billion a year earlier.

Same-store sales, a key metric in retail performance, rose by 0.5% overall. Excluding fuel, this figure increased by 1%, indicating resilience in Empire’s core grocery business.

Empire’s strategic initiatives appear to be gaining traction. The company has been investing heavily in store renovations, converting some traditional outlets to discount formats, and expanding its network. “Investing in the store network will remain a priority, demonstrated by a sustained emphasis on renovations and continued store expansion in discount,” the company emphasized.

Founded in 1963, Empire Company Limited has grown into a major player in Canadian retail through a series of strategic acquisitions and investments. The company owns, affiliates, or franchises more than 1,500 stores across Canada, operating under various banners including Sobeys, Safeway, IGA, Foodland, Farm Boy, FreshCo, Thrifty Foods, and Lawtons Drug.

Image: Sobeys Orangeville

Empire’s growth strategy has been marked by significant acquisitions over the decades. In 1976, the company acquired Lawton’s Drug Stores Limited, expanding its presence in the pharmacy sector. A pivotal moment came in 1980-1981 when Empire acquired a majority stake in Sobeys, solidifying its position in the grocery retail market.

The company’s expansion continued through the 1980s and 1990s with investments in various retail and real estate ventures. Notable acquisitions included the purchase of the Oshawa Group for $1.5 billion in 1998, which significantly expanded Empire’s grocery retail footprint.

Recent Strategic Moves

In more recent years, Empire has made several high-profile acquisitions to strengthen its market position:

  1. In 2013, Empire made a bold move by acquiring all of Safeway Canada’s stores for $5.8 billion, significantly expanding its presence in Western Canada.
  2. In 2018, the company announced its intent to buy Farm Boy stores in an $800 million deal, enhancing its offerings in the fresh and prepared foods category.
  3. Most recently, in March 2021, Empire announced plans to acquire a 51% stake in Longo’s and its Grocery Gateway e-commerce business for $357 million, further expanding its presence in the Ontario market and bolstering its e-commerce capabilities.

VIDEO: Value Village Boutique opens in downtown Calgary

Photo by Mario Toneguzzi

Value Village, the well-known thrift store chain, has unveiled its first-to-Alberta boutique concept in downtown Calgary. This marks a bold step into upscale, curated second-hand retail for the city.

The doors opened on September 12 and opened to a new era of thrift shopping on Stephen Avenue at 120 8th Avenue SW. The multi-level boutique stands out with its sleek design and carefully selected merchandise. The location is quite different from the traditional, warehouse-style layouts typical of Value Village stores across the province.

The location previously hosted a SportChek which closed in the first half of 2023. Independent bookseller, McNally Robinson, occupied the space prior to SportChek but closed its doors in early 2008 bringing the end of the chain’s presence in Calgary.

The Value Village ‘Boutique’ Shopping Experience

The “Boutique” iteration of Value Village first came to the Canadian marketplace in June 2022 in downtown Toronto. The boutique concept focuses on quality over quantity. Unlike traditional Value Village stores, this location offers a refined selection of goods. Designer labels, vintage pieces, and trendy items take center stage.

Shoppers will find a curated collection of clothing and accessories. The store also features stylish home decor options. This approach aims to attract fashion-forward customers who value sustainability.

Value Village Across the Province

This would be the first “Boutique” location in the province of Alberta. The remaining seven other locations in the greater Calgary area (including Airdrie) are the traditional, non-Boutique variety. Other Albertan communities with traditional Value Village locations include:

  • Grand Prairie (1 location),
  • Edmonton (10 locations, including Spruce Grove, Sherwood Park and St. Albert),
  • Red Deer (1 location),
  • Medicine Hat (1 location) and
  • Lethbridge (1 location).

Jimmy The Greek continues expansion with first dine-in restaurant in Toronto (Photos)

Photo courtesy of Jimmy The Greek

Toronto-based Jimmy The Greek, third-generation family business and beloved Greek quick-service restaurant, has opened its newest location in Toronto’s Premium Outlets in Halton Hills and it’s the brand’s first-ever dine-in experience.

Jimmy Antonopoulos opened the first restaurant in Toronto in 1985.

After offering food in the food courts of major shopping centres and office towers across the country for more than 35 years, Jimmy The Greek now has indoor seating, alongside its traditional take-out option.

Nicole Mitrothanasis. Photo: LinkedIn

“We’ve built a restaurant with a one-of-a-kind design that pays tribute to my grandparents’ hometown and restaurant roots,” said Nicole Mitrothanasis, Director of Operations at Jimmy The Greek and granddaughter of original founder, Jimmy. “While we’ll still be providing the same fast, fresh, and delicious meals, we’re thrilled to have created such a special place where we can welcome customers in through our very own doors, and continue to serve them our family’s favourite recipes.”

After immigrating to Canada from Greece, husband and wife, Dimitrios ‘Jimmy’ Antonopoulos and Helen Antonopoulos, opened their first fine-dining restaurant, Epikourion, in 1977. Upon noticing an opportunity to serve freshly prepared, home-cooked meal options for consumers on-the-go, the first quick-service Jimmy The Greek restaurant opened in 1985 to offer the same high quality menu options and Greek hospitality with the convenience of take-out.

James Mitrothanasis: Photo: LinkedIn

“After our grandparents immigrated from Greece in the 1960s, they opened three successful Greek fine dining restaurants in Toronto’s downtown core. One of those restaurants, Epikourion, expanded to become the first ever Jimmy The Greek location in 1985 and it’s been there ever since as our standalone corporate location,” said James Mitrothanasis, Director of Network Development.

“This fine-dining feel has been translated to our QSR concept, shaping the brand identity of Jimmy The Greek – which we definitely feel differentiates us. And we’re really proud of it.” 

The brand has 57 locations in Ontario, Manitoba and Alberta. 

Photo courtesy of Jimmy The Greek

“The typical size is around 300 to 600 square feet. We are a compact restaurant in a food court. Our new location at Toronto Premium Outlets is 1,200 square feet, giving us a brand new landscape. We’re extremely excited,” said Nicole.

James said the company is excited to introduce its first dine-in, sit down experience. 

“We’re staying true to our core strengths, but we are eager to expand our new dine-in concept with street level locations. We’re sticking with our roots, but looking to capitalize on this momentum,” he added.

The brand is focused on its existing markets and strengthening its foothold there.

“We are fortunate to have a vast customer base that appeals to all ages and demographics. It’s amazing to see three generations in line; grandparents, parents, grandkids, and friends. It’s food you can confidently share and feel good about,” said Nicole.

Using Greek cuisine and tradition as its guiding light, the new location has been designed to offer a relaxed and elegant mediterranean-inspired space. It nods to the original Jimmy’s heritage and fine-dining restaurants, including Epikourion and Penelopes, which first opened in Canada in the 1970s by Dimitrios ‘Jimmy’ and Helen Antonopoulos following their arrival from Greece, said the company. 

“Notable design elements include cobblestoned tiling, alonger main table to promote group ‘family-style’ dining, and an archway reminiscent of traditional Greek homes and monuments. The design remains true to Jimmy The Greek’s legacy, promising all customers an environment to enjoy a home-cooked meal away from home, while also demonstrating the brand’s mission of constantly innovating its award-winning store designs,” according to the company.

Photo courtesy of Jimmy The Greek
Photo courtesy of Jimmy The Greek
Photo courtesy of Jimmy The Greek

Three new restaurants to open in Montreal’s Maestria Condominiums project (Photos)

Image courtesy of Groupe Devimco

Groupe Devimco, in collaboration with Groupe Grandio, has announced the expansion of their successful partnership with the opening of three new restaurants in the commercial core of the Maestria Condominiums project, located in the heart of the Quartier des spectacles in Montreal. 

“This initiative is part of a continuity process, as the Grandio Group has already established successful franchises in the Solar Uniquartier project in Brossard,” said the company in a news release.

“At a time when the restaurant industry is facing some significant challenges, Devimco and Grandio are showing boldness and optimism by joining forces to launch new culinary destinations in downtown Montreal. 

“This expansion also marks the Cochon Dingue’s first foray into the Montreal region. Known for its diversified menu from breakfast to dinner and warm atmosphere, Le Cochon Dingue will open its doors in the spring of 2025. The beloved chain among Quebec City residents, which currently operates six establishments in the Capitale-Nationale region, will be able to accommodate up to 250 customers.”

The company said IRU Izakaya will follow in June 2025, offering an authentic Japanese bistro experience, and Chez Lionel in September 2025, with its friendly atmosphere and French brasserie-style menu.

Caroline Girard

“In tune with urban transformation and densification, our partnership with Groupe Grandio demonstrates our commitment to creating mixed-use projects. The opening of these three restaurants within Maestria Condominiums is proof of our confidence in the future of the restaurant industry in Montreal and a celebration of our shared desire to offer exceptional culinary experiences. Our continued collaboration with Groupe Grandio reinforces our shared vision of enhancing urban living through innovative, high-quality projects,” said Caroline Girard, VP, Property Management and Leasing, Devimco Group.

Jean Bédard

“Our team is proud to expand its presence in downtown Montreal with brands that are new to the area. Our diverse restaurant offerings will surely delight festivalgoers, businesspeople, and visitors who frequent the Quartier des spectacles and its surroundings,” said Jean Bédard, President and CEO, Groupe Grandio.


Groupe Devimco is a leader in developing mixed-use real estate projects in Quebec. 

Groupe Grandio brings together Quebec restaurateurs in a single company and it has over 4,000 employees in more than 64 locations under the following banners: La Cage, Cochon Dingue, Lapin Sauté, Ciel!, Paris Grill, Café du Monde, Madame Chose, Chez Lionel, IRU Izakaya, Moishes, Gibbys, PF Chang’s, and Brasseurs du Monde.Grandio famous. 

Image courtesy of Groupe Devimco
Image courtesy of Groupe Devimco

Unified Commerce Reshapes Retail Landscape

Unified commerce is transforming retail. Photo: Shutterstock

Unified commerce is transforming the retail industry, moving beyond traditional omnichannel strategies to create seamless shopping experiences. The approach integrates all customer touchpoints onto a single platform, aligning with evolving consumer behaviours and expectations.

A Coresight Research survey conducted on July 8, 2024, revealed that 65.8% of US consumers use multiple channels when shopping. Of these, 31.9% frequently use multiple channels and switch between them, while 33.9% sometimes use different channels but generally stick to one primary method.

The impact of multi-channel shopping on consumer behaviour is significant. Nearly one-quarter of survey respondents reported that their overall spending has increased either significantly (8.2%) or slightly (16.6%) as a result of engaging with retailers across multiple channels.

Key technologies driving unified commerce include customer data platforms (CDPs), RFID for real-time inventory management, and advanced order fulfillment systems. CDPs aggregate data from various touchpoints, creating a centralized repository that ensures retailers have a comprehensive view of each customer.

RFID technology enhances inventory visibility, crucial for preventing stockouts and enabling omnichannel fulfillment services. In January 2024, Sensormatic Solutions announced its continued collaboration with Allbirds to enhance the latter’s shopping experience through RFID-enabled inventory accuracy.

Order fulfillment remains a critical challenge in unified commerce. A Coresight Research survey found that 40% of retailers identified high delivery costs as their top last-mile challenge. To address this, companies like Locus offer delivery-linked checkout features that enable retailers to fulfill orders on customer-preferred timelines while maintaining optimal capacity and service efficiencies.

The digitalization of physical stores is another crucial component of unified commerce. Technologies like smart shopping carts, electronic shelf labels (ESLs), and digital screens are blending online convenience with in-store experiences. In April 2024, Amazon announced the deployment of its Dash Carts to all Amazon Fresh stores and select Whole Foods Market and third-party grocery locations.

Target has implemented a unified commerce approach by providing customers with flexible fulfillment choices and implementing RFID tags for real-time inventory visibility. Similarly, Walmart has invested heavily in digital technologies, including the launch of Walmart Connect, a digital advertising platform.

The benefits of unified commerce extend beyond customer convenience. Kroger noted that customers who shop both in-store and online spend 3–4X more than in-store-only shoppers. Ulta Beauty reported that its omnichannel guests spend 2.5–3X more than in-store-only shoppers.

As unified commerce continues to reshape retail, shoppers can expect more innovative and integrated experiences. Retailers who successfully implement unified commerce strategies will be well-positioned to thrive in this evolving retail landscape, meeting the needs of increasingly tech-savvy and channel-agnostic consumers.

Dolce Vita opens 1st Canadian flagship store at Royalmount (Photos)

Photo courtesy of Dolce Vita

Steve Madden-owned New York City-based fashion footwear & accessories brand Dolce Vita has opened its first flagship store outside the United States at the newly opened Royalmount Mall in Montreal.

The brand has another retail location in Metrotown in Burnaby, BC.

“We’re thrilled to announce the opening of our new Dolce Vita store at the Royalmount Mall following the successful launch of our Canadian website in 2023. We look forward to providing a true Dolce Vita brand experience to complement the online experience that launched last year,” said Kerry Norlin, President of Dolce Vita.

Photo courtesy of Dolce Vita
Photo courtesy of Dolce Vita

“As we enter this new market, our focus is on connecting with the community and tailoring our approach to fit the market’s unique needs. It’s with huge thanks to Jennifer Walewski, President of Canada, and her team that we’re able to celebrate this milestone.” 

The retailer said in-store, shoppers can find a curated assortment of women’s styles, from stylish heels and waterproof boots to everyday sneakers and chic handbags. Known for combining versatile silhouettes with premium materials, Dolce Vita’s fall collection is currently available to be shopped in-person with styles starting at $130, sizes 5-12, with wide-calf options available.

Photo courtesy of Dolce Vita
Photo courtesy of Dolce Vita

“Since its beginnings, Dolce Vita has been synonymous with chic, trend-setting footwear. The brand has long put a heavy emphasis on community, with a commitment to craft items that resonate with us all. Dolce Vita’s entrance into Canada retail will expand on the Dolce Vita shopping experience customers have come to know and love. The 1,536-square foot store boasts arched recessed shelving and reclaimed oak touches for a comforting feel and floating display shelves for a convenient shopping experience,” it said.

The brand opened a ‘test store’ at Metropolis at Metrotown near Vancouver in August of 2023. The store remains open.

“Dolce Vita currently operates online in the US, Canada and Mexico, with retail locations in Los Angeles, New York City, Washington D.C and Austin. Shoppers can visit dolcevita.ca or follow the brand on social at @dolcevita to keep up to date on the latest offers.

Photo courtesy of Dolce Vita
Photo courtesy of Dolce Vita
Photo courtesy of Dolce Vita
Photo courtesy of Dolce Vita

Cadillac Fairview hosts Mid-Autumn Festival celebrations

Mid Autumn Festival. Image: idealwine.info

Cadillac Fairview is hosting Mid-Autumn Festival celebrations at two of its shopping centres. The events, taking place at CF Markville in Markham and CF Richmond Centre in Richmond, are part of an effort by the landlord to attract Chinese shoppers.

There are significant Chinese populations in both Markham and Richmond. Markham boasts the highest visible minority population of any major Canadian city at 78%.

The event in Markham is a collaboration with the Chinese Collective Arts Association. Visitors can enjoy captivating displays and engaging activities suitable for all ages. On September 14th and 21st, from 2:00 pm to 4:00 pm, the Centre Court near Uniqlo will come alive with dazzling dance performances showcasing various Chinese dance styles by local artists.

CF Richmond Centre in Richmond, British Columbia. Uniqlo store in photo. Photo: Cadillac Fairview

CF Richmond Centre has partnered with Angel Entertainment for its cultural event. The Main Galleria will host special dance performances on the same dates, September 14th and 21st, from 2:00 pm to 2:30 pm.

Both shopping centres are offering exclusive Mid-Autumn Festival passports to enhance the experience. Shoppers can collect themed stamps during the events for a chance to win CF SHOP! cards and prizes from center retailers. The passports include a scavenger hunt, guiding participants to food vendors and unique retailers throughout the malls.

CF Markville in Markham, Ontario. Photo: Cadillac Fairview

Visitors are encouraged to capture memories of the festivities by taking pictures with lion and rabbit displays or in front of festival-themed backdrops. CF Richmond Centre is also offering a lantern-making workshop as part of its celebration.

As a major player in the Canadian real estate landscape, CF manages over 36 million square feet of leasable space across 68 landmark properties in Canada.

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Cadillac Fairview Launches Experiential Activation ‘Mirror Mirror’ in CF Chinook Centre’s Former Nordstrom Space [Interviews/Photos]

Cadillac Fairview Portfolio Dominates in ICSC Mall Productivity Ranking Study [Interview]

UNIQLO opens latest store at Montreal’s Royalmount (Photos)

Uniqlo's new store in Royalmount in Montreal. Photo courtesy of Uniqlo

Japanese retailer UNIQLO has opened it fifth Quebec store at the recently opened Royalmount shopping centre in Montreal.

“Royalmount Mall is groundbreaking for UNIQLO. Quebec remains a key market in our Canadian growth strategy, and we are excited to be part of the next evolution of retail. At the same time, we introduce LifeWear to new guests—clothing that is made for everyone every day,” said the company in a statement to Retail Insider.

“Earlier this summer, we announced our plans to open four more new stores in Ontario and British Columbia this fall.”

Uniqlo’s new store in Royalmount in Montreal. Photo courtesy of Uniqlo

The new UNIQLO stores opening in Fall 2024 are: CF Sherway Gardens (Toronto); Heartland Centre Town (Mississauga); Bramalea City Centre (Brampton); and Willowbrook Shopping Centre (Langley).

Jeff Berkowitz of Aurora Realty Consultants has negotiated Uniqlo’s leases since the brand entered the country nearly eight years ago, and continues to do so with the most recent store announcements.

Uniqlo’s new store in Royalmount in Montreal. Photo courtesy of Uniqlo

“UNIQLO continues to resonate with Canadian customers. This latest new store opening builds upon the momentum the brand initiated in 2022 to reach 200 stores in North America by 2027,” said the retailer.

UNIQLO said its Royalmount Mall store will offer the brand’s iconic products for men, women, and kids, such as Ultra-Light Down—warm, packable jackets perfect for layering or travel—and HEATTECH products— made of an innovative fabric that uses the moisture on your skin to generate heat. Other staples include high-quality Knitwear, including 100 per cent cashmere; premium denim; t-shirts; and more.

Uniqlo’s new store in Royalmount in Montreal. Photo courtesy of Uniqlo

“Additionally, for any pair of pants $20 or above (excluding athletic wear and sweatpants), UNIQLO provides free hemming services to ensure pant lengths fit the customers’ unique measurements. UNIQLO also offers complementary in-store pick-up for online orders. Their online store offers a full variety of products, styles, colours, and extended sizes that are not available in-store.

UNIQLO opened its first store in Hiroshima in 1984 and now has over 2,400 stores worldwide, including 24 in Canada, and online at UNIQLO.ca. UNIQLO creates apparel based on the Japanese values of simplicity, quality, and longevity. Its products feature timeless designs, supreme fit, and comfort, shaped by customers’ needs to improve their daily lives.

Uniqlo’s new store in Royalmount in Montreal. Photo courtesy of Uniqlo

The company said LifeWear is “apparel that comes from the Japanese values of simplicity, quality and longevity.

“Designed to be of the time and for the time, LifeWear is made with such modern elegance that it becomes the building blocks of each individual’s style. A perfect shirt that is always being made more perfect. The simplest design hiding the most thoughtful and modern details. The best in fit and fabric made to be affordable and accessible to all. LifeWear is clothing that is constantly being innovated, bringing more warmth, more lightness, better design, and better comfort to people’s lives,” it said.

UNIQLO is a brand of Fast Retailing Co., Ltd., a leading Japanese retail holding company with global headquarters in Tokyo, Japan. UNIQLO is the largest of eight brands in the Fast Retailing Group, the others being GU, Theory, PLST (Plus T), Comptoir des Cotonniers, Princesse tam.tam, J Brand and Helmut Lang.

Related: Uniqlo to Open 5 Canadian Stores in Fall 2024

Loblaw launching second ‘Get to Give Days’ campaign 

Image: Loblaw

Loblaw Companies Limited is launching its second Get to Give Days campaign from September 12-15.

During this time, the company said it will donate a portion of the proceeds from every PC product sold in its grocery stores to President’s Choice Children’s Charity – which operates the nation’s largest charitable direct-to-school food program.

“Food security has long been an issue of concern in Canada, especially for children, where the problem can hinder their ability to learn and increase their levels of anxiety,” stated Loblaw in a news release. “Data from the University of Toronto’s PROOF research program indicates that, in 2023 alone, 2.1 million kids faced food security challenges. President’s Choice Children’s Charity, and Loblaw, believe our children deserve better.”

The company said the Get to Give Days campaign will help the Charity as it strives to feed 1 million kids annually through its Power Full Kids™ program in approximately 2,200 schools across Canada. The program provides children with good food and teaches them how to grow and cook food as well.

Mark Wilson

“Supporting President’s Choice Children’s Charity is a foundational part of who we are as an organization,” said Mark Wilson, Chief Human Resources Officer at Loblaw and Chair of President’s Choice Children’s Charity. “With the help of our customers, $2M will go a long way towards helping the Charity feed 1 million kids.”

Lisa Battistelli

“In 2023, our Power Full Kids™ program helped provide 990,000 Canadian children with over 142 million meals and snacks,” said Lisa Battistelli, Executive Director, President’s Choice Children’s Charity. “We are grateful to our founding partner, Loblaw, and its customers for their support, which will help turn classrooms into places of hope and nurture our future leaders.”

Loblaw said this is how people can support President’s Choice Children’s Charity:

  • Shop in-store from September 12-15, 2024 – Purchase any PC product* at a Real Canadian Superstore, No Frills, Maxi, Your Independent Grocer, Zehrs, Fortinos, Loblaws, Atlantic Superstore, Dominion, Provigo, Wholesale Club, Club Entrepot or Valumart, and a portion of proceeds will be donated to President’s Choice Children’s Charity, up to $2M collectively.
  • At Cash – Customers can join the movement by donating at checkout at any time throughout the year.
  • Online at pcchildrenscharity.ca – Click the ‘Donate’ button.

100 per cent of At Cash and online donations go directly to President’s Choice Children’s Charity to feed students across Canada, it said.