The North West Company Purchases Price Chopper from Sobeys Inc

Total Page：16

File Type：pdf, Size：1020Kb

THE NORTH WEST COMPANY PURCHASES PRICE CHOPPER FROM SOBEYS INC. Winnipeg, April 15, 2014 – The North West Company (North West) today announced it has entered into a binding purchase and sale agreement with Sobeys Inc. to acquire a Price Chopper store in Winnipeg, Manitoba. The sale is part of Sobeys’ October, 2013 Consent Agreement with the Competition Bureau related to its purchase of Canada Safeway and is subject to approval by the Competition Bureau and other customary closing conditions. With this addition, North West will now operate ten stores in Winnipeg together with a distribution centre and its head office, employing a total of 1,227 people. “We are very excited about the addition of the Price Chopper location to our retail presence in the Winnipeg market,” says Dan McConnell, Vice President Development and Corporate Affairs, The North West Company. The store will continue to operate under the same Price Chopper name with the same complement of employees following the transaction. Price Chopper is located at 677 Stafford Street in Winnipeg, Manitoba. -30- About The North West Company The North West Company Inc. is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 226 stores under the trading names Northern, NorthMart, Giant Tiger, AC Value Center and Cost-U-Less and has annualized sales of approximately CDN$1.5 billion. The common shares of North West trade on the Toronto Stock Exchange under the symbol “NWC”. Media Contact: Connie Tamoto Manager, Corporate Communications P: 204.934.1672 C: 204.918.0344 E: [email protected] Investor Contact: John King Chief Financial Officer P: 204.934.1397 E: [email protected] .

Copy Link

Recommended publications

Reconstituting Tbc Fur Trade Community of the Assiniboine Basin
Reconstituting tbc Fur Trade Community of the Assiniboine Basin, 1793 to 1812. by Margaret L. Clarke a thesis presented to The University of Winnipeg / The University of Manitoba in partial fulfillment of the requirements for the degree of Master of Arts in History Winnipeg, Manitoba MARCH 1997 National Library Bibliothèque nationale du Canada Acquisitions and Acquisitions et Bibliographie Services seMces bibliographiques 395 WdtïSûeet 395, nn, Wellingtwi WONK1AW WONK1AON4 Canada Canada The author has granted a non- L'auteur a accordé une licence non exclusive licence allowing the exclusive permettant à la National Ll'brary of Canada to Bibliothèque nationale du Canada de reproduce, loan, disbi'bute or sefl reproduire, prêter, disbiiuer ou copies of this thesis iu microfo~a, vendre des copies de cette thèse sous paper or electronic fomiats. la fome de microfiche/nlm, de reproduction sur papier ou sur format eectronicpe. The author retains ownership of the L'auteur consewe la propriété du copyright in this thesis. Neither the droit d'auteur qui protège cette thèse. thesis nor substantial extracts fiom it Ni la thèse ni des extraits substantiels may be printed or otherwise de celle-ci ne doivent être imprimés reproduced without the author's ou autrement reproduits sans son permission. autorisation. THE UNIVERSITY OF MANITOBA COPYRIGHT PERMISSION PAGE A TksW/Pnicticw ribmitteà to the Faculty of Gruluate Studies of The University of Manitoba in parail fntfülment of the reqaifements of the degrce of brgarct 1. Clarke 1997 (a Permission hm been grantd to the Library of Tbe Univenity of Manitoba to lend or sen copies of this thcsis/practicam, to the National Librory of Canada to micronlm tbb thesis and to lend or seU copies of the mm, and to Dissertritions Abstmcts Intemationai to publish an abtract of this thcsidpracticam.
[Show full text]
Opens on Guam Biggest Names in Nities IGA Communities
t INSIDE North West to Guam Bringing three centuries of successful retail tradition to Guam and the Pacific Islands. (See story on Page 3) Partners in freshness and quality — Volume 7 No. 3 www.mbjguam.net June 8, 2009 - June 21, 2009 SuperValu and IGA BY JOAN MUNA AGUON A Fresh Approach island fresh IGA Hometown proud will bring one of the Making customers’ commu- island fresh IGA opens on Guam biggest names in nities IGA communities. BY JOAN MUNA AGUON grocery shopping to (See story on Page 5) Guam shoppers for the first time. The IGA sland residents who are all about great central area of the island, since it is less than name carries with it a deals and savings, now have another five minutes from Hagatna and from Mangi- standard of product exciting option when it comes to gro- lao. Its location will undoubtedly be one of Mark Batenic quality and freshness cery shopping. the keys to its success. along with the sup- I rd t indeX On May 23 , island fresh IGA grocery The North West Company invested more porting infrastructure and a global repu- store, which is owned by The North West than $6 million in the property and building tation for giving customers what they Company, the parent company of the Cost- to ensure that island fresh IGA would provide want. THE NORTH WEST COMPANY 3 U-Less stores, held its grand opening. The its customers with a clean, convenient, com- Independent Grocers Alliance or new store is located on Route 4 in Chalan fortable shopping environment that would IGA, is the world’s largest voluntary su- Pago, and occupies the thoroughly refur- highlight the quality and freshness of its permarket chain with more than 4,000 GRAND OPENING PHOTOS 6, 7 bished, upgraded building that had been the products.
[Show full text]
Our Strategy at Work
1 9 9 9 A N N U A L R E P O R T our strategy at work front cover photo: Northern staff in Rossville, Manitoba show off team spirit after their store was reprofiled with expanded food selling space and lower pricing. In response to customers’ comments of “My, oh, my how things have changed,” staff initiated a themed campaign complete with t-shirts, buttons and display signs. clockwise from top left to right: Eva Alainja, Iqaluit, Nunavut Ula Arnaquq, Iqaluit, Nunavut Paulusi Davidee, Iqaluit, Nunavut Northern living, Iqaluit, Nunavut Wilfred Ferland, Rossville, Manitoba Tasha Kootoo-Reist, Iqaluit, Nunavut N O R T H W E S T C O M P A N Y F U N D 1999 financial highlights 52 weeks ended 52 weeks ended 53 weeks ended (in thousands of Canadian dollars) January 29, 2000 January 30, 1999 January 31, 1998 RESULTS FOR THE YEAR Sales and other revenue $626,469 $629,118 $ 616,710 Earnings before interest, unusual item, and income taxes (EBIUT) 39,809 42,831 39,587 Earnings 27,957 16,145 21,037 Pre-tax cash flow 46,503 54,731 47,586 FINANCIAL POSITION Total assets $387,537 $ 387,411 $ 425,136 Total debt 171,475 173,973 201,408 Total equity 169,905 164,117 160,160 PER UNIT/SHARE ($) Earnings for the year before unusual item $ 1.86 $ 1.82 $ 1.40 Earnings for the year 1.86 1.08 1.40 Pre-tax cash flow 3.10 3.65 3.17 Cash distributions/dividends paid during the year 1.44 1.00 0.60 Equity 11.33 10.94 10.68 Market price – year end 11.75 15.50 14.00 – high 15.95 16.65 14.80 – low 11.25 11.55 10.25 FINANCIAL RATIOS Debt to equity 1.01 : 1 1.06 : 1 1.26 : 1 Return on net assets* 11.6% 12.1% 11.4% Return on average equity before unusual item 16.8% 17.6% 13.9% *Earnings before interest, unusual item and income taxes as a percent of average net assets employed.
[Show full text]
The World's Most Active Retail Professionals on Social
Canada's Most Active Retail Professionals on Social - August 2021 Industry at a glance: Why should you care? So, where does your company rank? Position Company Name LinkedIn URL Location Employees on LinkedIn No. Employees Shared (Last 30 Days) % Shared (Last 30 Days) 1 Lowe's Canada https://www.linkedin.com/company/lowescanada/Canada 1,713 162 9.46% 2 Staples Canada https://www.linkedin.com/company/staples-canada/Canada 3,024 260 8.60% 3 SSENSE https://www.linkedin.com/company/ssense_2/Canada 1,189 90 7.57% 4 OSL https://www.linkedin.com/company/oslrs/Canada 2,646 194 7.33% 5 lululemon https://www.linkedin.com/company/lululemon/Canada 14,629 947 6.47% 6 Walmart Canada https://www.linkedin.com/company/wal-mart-canada/Canada 12,043 672 5.58% 7 Groupe Dynamite https://www.linkedin.com/company/groupe-dynamite/Canada 1,849 102 5.52% 8 Laura Canada https://www.linkedin.com/company/laura-canada/Canada 626 34 5.43% 9 Harry Rosen https://www.linkedin.com/company/harry-rosen/Canada 636 33 5.19% 10 Sleep Country Canada https://www.linkedin.com/company/sleep-country-canada/Canada 704 35 4.97% 11 Aritzia https://www.linkedin.com/company/aritzia/Canada 3,118 152 4.87% 12 Bath Fitter https://www.linkedin.com/company/bath-fitter/Canada 1,294 63 4.87% 13 Best Buy Canada https://www.linkedin.com/company/best-buy-canada/Canada 3,086 146 4.73% 14 Kent Building Supplies https://www.linkedin.com/company/kent-building-supplies/Canada 949 43 4.53% 15 Holt Renfrew https://www.linkedin.com/company/holt-renfrew/Canada 1,765 78 4.42% 16 Chatters https://www.linkedin.com/company/chatters-canada/Canada
[Show full text]
Measurement Canada Banner Table
Measurement Canada Banner Table Note: The Establishment's Legal Business Name as indicated on its business licence must always be recorded in the "Establishment Name" field of the Inspection Certificate and not the legal banner name of the franchise, unless this is the business name under which the establishment operates. If so, legal banner names have been supplied for this purpose. The banner (column 1) is to be entered in the "Banner" field of the inspection certificate. Banner Legal Name 3M 3M Worldwide 7-11 7-Eleven Inc. A&M A&M Group Inc. A&H A&H Petroleum Services Ltd. A&P The Great Atlantic and Pacific Tea Company A1 Autogas Autogas Propane Ltd. Abitibi Bowater Abitibi-Consolidated Inc. and Bowater Incorporated Acklands Acklands-Grainger Inc. ACT Advanced Clutch Technology Inc. ACTION PLUS Action Plus Active Tire Active Tire & Auto Centre Inc. AGORA Marchands en alimentation AGORA Agricore Agricore United Agropur Agropur Cooperation Aikenheads Aikenheads Constuction and Design Inc. Air Canada Air Canada Air Consol Sol Air Consultants Inc. Aki Sushi Aki Sushi Bar AWP Alberta Wheat Pool Inc. Alcan Alcan Inc. ALIGRO ALIGRO Demaurex & Cie SA All West All West Supermarket Allied Allied Ready Mix Ltd. (B.C.) Alta Sugar Alberta Sugar Co. Ltd. AMICAL Amical Automobiles Inc. Amoco Amoco Canada Petroleum Co. Ltd. ANIMAX Animax Anne Louise Anne Louise Jewellers Ltd. ARC EN CIEL Aluminium Acr-En-Ciel Arco Arcotronics America Inc. ASG Associated Grocers ASL ASL Paving Ltd. ASTRO Parmalat Dairy & Bakery Inc. Atlas Atlas Auto Parts Atwood Atwood Cheese Co. Ltd. Auto Place Garage André Coursol Enr.
[Show full text]
Growing with the North OUR MISSION
1997 ANNUAL REPORT growing with the North OUR MISSION NWC is the leading provider of food and everyday products and services to remote communities across northern Canada and Alaska. Our purpose is to create superior long-term investor value by enhancing our value to our customers, our employees, and the communities we serve. serving remote communities F I N A N C I A L H I G H L I G HTS 53 weeks ended 52 weeks ended 52 weeks ended (in thousands of Canadian dollars) January 31, 1998 January 25, 1997 January 27, 1996 RES ULTS FOR THE YEAR Sales and other revenue $ 616,710 $ 590,583 $ 592,034 Operating profit before provision for loss on disposition 39,587 43,208 32,860 Net earnings (loss) 21,037 17,858 (5,172) Pre-tax cash flow 42,244 44,094 33,321 FINANCIAL POSITION Total assets $ 425,136 $ 383,736 $ 375,947 Total debt 201,408 175,027 178,275 Total equity 160,160 147,353 139,953 PER UNIT / S HARE Fully diluted earnings for the year before provision for loss on disposition $ 1.40 $ 1.18 $ 0.68 Fully diluted earnings (loss) for the year 1.40 1.18 (0.32) Pre-tax cash flow 2.82 2.92 2.08 Cash distributions/dividends paid during the year 0.60 0.40 0.40 Equity 10.68 9.82 9.02 Average units/shares outstanding (# in 000’s) 15,000 15,095 16,040 Units/shares outstanding at year-end (# in 000’s) 15,000 15,000 15,519 1997 highlights FINANCIAL RATIOS Debt to equity 1.26 : 1 1.19 : 1 1.27 : 1 Return on net assets* 11.7% 13.4% 9.8% Return on average equity before provision 13.8% 12.7% 7.0% * Operating profit as a percent of average net assets employed.
[Show full text]
Growth in Store…
More growth in store… The NorTh WesT CompaNy iNC. 2010 summary annual report 2010I F nanCIal hIGhlIGhts a ll currency figures in this report are in Canadian dollars, unless otherwise noted year ended year ended year ended ($ in thousands, except per share information) January 31, 2011 January 31, 2010 January 31, 2009 resulTs For The year sales $ 1,448,104 $ 1,444,366 $ 1,392,634 same store sales % increase 1 2.7% 0.1% 2.7% trading profit 2 (earnings before interest, income taxes and amortization) $ 125,302 $ 130,274 $ 122,257 earnings before interest and income taxes 2 I(eB t) 89,810 95,124 90,203 net earnings 76,594 81,813 75,378 Cash flow from operations 2 113,076 116,486 106,324 FiNaNCial posiTioN total assets $ 620,482 $ 623,800 $ 609,173 total debt 192,596 209,170 213,026 total equity 302,497 289,926 274,410 FiNaNCial raTios Debt-to-equity .64:1 .72:1 .78:1 return on net assets 3 17.5% 18.7% 19.8% return on average equity 25.8% 29.3% 28.6% sales blend: Food 76.0% 77.0% 75.0% General merchandise 20.0% 20.0% 22.0% o ther 4.0% 3.0% 3.0% per share ($) ¬ DiluTeD 4 trading profit $ 2.58 $ 2.69 $ 2.52 net earnings 1.58 1.69 1.56 Cash flow from operations 2.33 2.40 2.20 market price ¬ January 31 21.09 17.94 16.14 ¬ high 23.00 19.60 19.99 ¬ low 17.02 14.88 13.00 s ales t rading profit2 Cash Distributions ($ in millions) ($ in millions) p er unit ¬ Diluted ($) 1,444 1,448 1.42 1,500 150 1.50 1,393 1.40 1.39 130 122 125 1,250 125 1.25 1.13 1,064 107 1,000 945 100 96 1.00 0.80 750 75 0.75 500 50 0.50 250 25 0.25 0 0 0.00 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 1 same store sales, excluding the foreign exchange impact, on an equivalent year basis 2 See non-Gaap measures section on page 26 in the annual Financial report which is available through SEDar at www.sedar.com and the Company’s website at www.northwest.ca 3 Earnings before interest and income taxes as a percent of average net assets employed 4 Effective January 1, 2011, north West Company Fund converted to a share corporation called the north West Company Inc.
[Show full text]
Alberta Securities Commission Page 1 of 2 Reporting Issuer List - Cover Page
Alberta Securities Commission Page 1 of 2 Reporting Issuer List - Cover Page Reporting Issuers Default When a reporting issuer is noted in default, standardized codes (a number and, if applicable a letter, described in the legend below) will be appear in the column 'Nature of Default'. Every effort is made to ensure the accuracy of this list. A reporting issuer that does not appear on this list or that has inappropriately been noted in default should contact the Alberta Securities Commission (ASC) promptly. A reporting issuer’s management or insiders may be subject to a Management Cease Trade Order, but that order will NOT be shown on the list. Legend 1. The reporting issuer has failed to file the following continuous disclosure document prescribed by Alberta securities laws: (a) annual financial statements; (b) an interim financial report; (c) an annual or interim management's discussion and analysis (MD&A) or an annual or interim management report of fund performance (MRFP); (d) an annual information form; (AIF); (e) a certification of annual or interim filings under National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings (NI 52-109); (f) proxy materials or a required information circular; (g) an issuer profile supplement on the System for Electronic Disclosure By Insiders (SEDI); (h) a material change report; (i) a written update as required after filing a confidential report of a material change; (j) a business acquisition report; (k) the annual oil and gas disclosure prescribed by National Instrument
[Show full text]
EVAC CLEANTECH SOLUTIONS for Supermarkets
EVAC CLEANTECH SOLUTIONS for supermarkets Vacuum collection Wastewater treatment Bvac® system Fresh water generation Evac – World leading expertise Design and engineering support dedicated to your project We offer custom product design and engineering solutions, plumbing design, and other engineering services for architectural, civil, and environmental engineering projects. We fully support your architecture and design teams throughout the design process to ensure the best possible results. Evac vacuum systems comply with the EN 12109 European standard for vacuum drainage systems inside buildings. Our global network of skilled plumbing partners and representatives are all trained and supported by Evac. We are constantly developing our network to ensure that when you’re looking for vacuum plumbing installation, you know you can rely on a local contractor with the Evac stamp of approval. When you’re looking for maintenance for your Evac systems our global network of local plumbing partners can provide you with reliable Advantages preventive maintenance and repair services. Evac can also offer full • Overnight or open store remodeling and renovations support and training to your existing • Simple design, planning, construction, and maintenance contractors and maintenance services • Preserve floor integrity – because we believe that a problem- free system is the best endorsement we can have. Together with our wide network of partners, we have been carrying out training programs for architects and designers, students, installers, and service companies. These programs have included university lectures, seminars, and lunch and learn sessions. Our operations are ISO 9001:2015 (Quality Management Systems), ISO 14001:2015 (Environmental Management Systems), and OHSAS 18001:2007 (Occupational Health & Safety Management Systems).
[Show full text]
2.0 Native Land Use - Historical Period
2.0 NATIVE LAND USE - HISTORICAL PERIOD The first French explorers arrived in the Red River valley during the early 1730s. Their travels and encounters with the aboriginal populations were recorded in diaries and plotted on maps, and with that, recorded history began for the region known now as the Lake Winnipeg and Red River basins. Native Movements Pierre Gaultier de Varennes et de La Vérendrye records that there were three distinct groups present in this region during the 1730s and 1740s: the Cree, the Assiniboine, and the Sioux. The Cree were largely occupying the boreal forest areas of what is now northern and central Manitoba. The Assiniboine were living and hunting along the parkland transitional zone, particularly the ‘lower’ Red River and Assiniboine River valleys. The Sioux lived on the open plains in the region of the upper Red River valley, and west of the Red River in upper reaches of the Mississippi water system. Approximately 75 years later, when the first contingent of Selkirk Settlers arrived in 1812, the Assiniboine had completely vacated eastern Manitoba and moved off to the west and southwest, allowing the Ojibwa, or Saulteaux, to move in from the Lake of the Woods and Lake Superior regions. Farther to the south in the United States, the Ojibwa or Chippewa also had migrated westward, and had settled in the Red Lake region of what is now north central Minnesota. By this time some of the Sioux had given up the wooded eastern portions of their territory and dwelt exclusively on the open prairie west of the Red and south of the Pembina River.
[Show full text]
The North West Company Partners with the Sprott Foundation and Second Harvest to Enable $3.6 Million Food Donation
FOR IMMEDIATE RELEASE The North West Company Partners with The Sprott Foundation and Second Harvest to Enable $3.6 Million Food Donation Winnipeg, MB, May 28, 2020 – The North West Company has partnered with The Sprott Foundation to enable a combined $3.6 Million donation to residents of over 120 communities in Northern Canada, to help ensure food security during the COVID-19 pandemic. The donation is part of a larger grant that The Sprott Foundation recently made to Second Harvest, the largest food rescue organization in Canada, to extend food supports for Canadians who are struggling as a result of the pandemic’s economic toll. The North West Company partnership extends the reach of this initiative by leveraging North West’s relationships, logistics skills and retail store presence within northern Canadian communities. North West is also supporting the donation by providing $600,000 and collaborating with regional partners, including social assistance organizations and local food support programs to ensure an equitable distribution of the grant using grocery vouchers. “The North West Company was a natural partner thanks to the longstanding relationships they have built with over 120 Northern communities across Canada”, said Juliana Sprott, Chief Giving Officer of The Sprott Foundation. “By utilizing North West’s extensive community relationships and network of Northern/NorthMart stores, they will be able to provide food support in a timely manner to those who need it most.” “We commend the leadership demonstrated by The Sprott Foundation and Second Harvest in including Northern and Indigenous communities with their generous grant,” said Gary Merasty, Executive Vice President and Chief Development Officer at The North West Company.
[Show full text]
Delivering on Ourpromise
Delivering on our promise The North West Company Inc. 2011 Summary Annual Report Committed to More Growth in Store Two years ago, The North West Company embarked on a long-term strategy to generate More Growth in Store, a focus built on the simple goal of becoming a retailer who consistently delivers higher-standards for the benefit of all of our stakeholders, beginning with our customers. Today, we’re delivering on that promise by diligently working to improve processes and capabilities across our enterprise. Vision & Mission 1 Store network 2 Banners 3 Investment strength 4 2011 financial highlights 5 President & CEO message 6 25th Anniversary 9 Product optimization 11 In-stock performance 12 Store stability 14 Supply chain 18 Our community promise 20 Chairman’s message 22 Board members 23 Executive information 24 True to our purpose The North West Company is a leading retailer of food and other essential everyday products and services to remote communities and urban neighbourhoods across Canada, Alaska, the South Pacific and the Caribbean. Our commitment to remaining foremost in these markets is reflected in our vision and mission. vision mission To create the ability and desire for customers to To be a trusted community store of choice. shop locally with us for the widest possible range of products and services that meet their needs. The North West Company Inc. 2011 Summary Annual Report 1 Reaching “hard-to-reach” customers We serve some of the most geographically-diverse communities in the world, from the Arctic to the South Pacific. Northern 123 Stores NorthMart 7 Stores Quickstop 15 Stores Giant Tiger 36 Stores AC Value Center 30 Stores Cost-U-Less 12 Stores South Pacific Other Formats1 Ocean 6 Stores $49 Other $178 AC Value Center Our urban, rural and remote markets span the Northwest Territories, Nunavut and Alaska, across Canada’s western $595 and central provinces, down to Hawaii, Fiji, Guam, American Northern $257 Samoa and 8,500 miles east into the Caribbean Islands.
[Show full text]