malvinspooner

Grocers to benefit from eat-at-home due to coronavirus

Long
TSX:EMP.A   EMPIRE CO
As coronavirus pandemic spreads, consumers will continue to work at home and eat-at-home. Prime beneficiaries will be grocers. Sobeys in Canada (owned by Empire Company) is also reducing costs rapidly and has a 'smaller' store format strategy across Canada. Synergies from its acquisition of Safeway's Canada stores continue.

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