STELLARTON, NS and MINNEAPOLIS, MN, Sept. 23, 2011 /CNW/ - Sobeys Inc.
and Target Canada Co. announced today they have entered into a
long-term wholesale distribution arrangement that will see Sobeys
supply Target stores in Canada with select food and grocery products.
Beginning in early 2013, Sobeys will supply Target's food and grocery
requirements for frozen, dairy, and dry grocery products, inclusive of
both national brand and Target's private label brands.
"We are pleased to welcome Target as a valued wholesale customer. The
associated increased revenue, and the supply chain efficiencies which
will lower our costs, will continue to strengthen our competitive
position," said Bill McEwan, President & CEO, Sobeys Inc.
"Target is excited to be working with a partner like Sobeys. We look
forward to building a strong relationship that creates value across
both companies for a long time to come," said Tony Fisher, President,
Through its coast-to-coast network of 23 food distribution centres,
Sobeys will be able to provide the same high level of service to
Target's store network as it does to its own network of 1,300 stores
across the country. The two companies have also agreed to leverage each
other's distribution networks to mutually reduce transportation
In addition to the wholesale distribution arrangement, both companies
will also explore additional supply chain opportunities.
About Sobeys Inc.
Sobeys Inc. is a leading national grocery retailer and food distributor
headquartered in Stellarton, Nova Scotia. A wholly-owned subsidiary of
Empire Company Limited (TSX:EMP.A), Sobeys owns or franchises more than
1,300 stores in all 10 provinces under retail banners that include
Sobeys, IGA, Foodland, FreshCo, Price Chopper and Thrifty Foods, as
well as Lawtons Drug Stores. Sobeys Inc. is committed to providing the
most worthwhile experience for its customers, employees, franchisees,
suppliers and shareholders. More information on Sobeys Inc. can be
found at www.sobeyscorporate.com.
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,762
stores across the United States and at Target.com. The Company will
open its first stores in Canada in 2013. In addition, the company
operates a credit card segment that offers branded proprietary credit
card products. Since 1946, Target has given 5 percent of its income
through community grants and programs; today, that giving equals more
than $3 million a week. For more information about Target's commitment
to corporate responsibility, visit Target.com/hereforgood.
SOURCE SOBEYS INC.
For further information:
| Media contacts: |
| Sobeys Inc. |
Communications & Corporate Affairs
| || Target |