The Sobeys grocery chain and its parent company say their chief executive and president has left the organization — effective immediately. In June 2015, the Sobeys chain said it would cut roughly 1,300 jobs in 2016 and 2017 as part of a reorganization of its distribution centres. Marc Poulin is being replaced in those roles on an interim basis by the chief financial officer of Empire Company, Francois Vimard. Poulin's sudden departure from the Empire organization follows a series of huge losses related to the acquisition of Canada Safeway as Sobeys expanded its position in Western Canada. Same-store sales at shops open for more than a year, an important metric in retail, decreased 1.8 per cent.

Source: CBC News July 08, 2016 12:43 UTC