Jeff Bezos’ subway tabloid The Express has bid a bitter farewell to Washington commuters with a headline reading “Hope you enjoy your stinkin’ phones.” Circulation had dropped from nearly 200,000 in recent years to about 130,000 copies a day prompting the paper’s corporate owner, The Washington Post, to stop publication of the tab. Of course, there will be no tag days for Mr. Bezos, owner of that scary Amazon thing which is currently eating the world.
Roots stock falls as store traffic light
Roots Corp. saw its stock fall as much as 17 percent this week as the Canadian retailer lowered its end-of-year sales target following slow traffic and distribution issues that left some shelves empty. The retailer reported a net loss of $9.7 million in the second quarter of 2019 on Wednesday, while comparable sales – a key metric in the retail industry – were down 2.9 percent.
Farm Boy helping Empire find its way back
Earnings by Empire Co. Ltd., the parent of the Sobeys, Farm Boy and Safeway grocery chains, jumped by more than a third in the first quarter as improved sales and cost-cutting efficiencies took hold while the company expands. The popularity of organic grocer Farm Boy is said to have helped. Its new store in Leslieville has proven popular. Adjusted net earnings for the three months to August 3 rose by 34 percent to $133.9 million or 49 cents a share compared with $100.2 million or 37 cents a share during the same period last year, the company said in a statement. Same-store sales excluding fuel increased by 2.4
