Describe two companies Essay Example | Topics and Well Written Essays - 500 words

Describe two companies - Essay Example Some of these competitors include: Metro Inc, Lablaw Brands Limited, Canada Safeway Limited and Ultima Foods Inc (Data Monitor, 2010). Empire Company Limited enjoys a strong industry position in the groceries and food distribution sector. For the financial year ending April 2009, the company was able to record revenue outcme of $256.1 million. This was an increase of approximately 6.8%. The increase was a major feat for the company considering the fact that other companies in the industry were struggling to stay afloat amid the financial crisis that was ongoing at the time. However, the company’s $4.7 million net profit was a dropped of 15.8% compared to the previous year (Newswire, 2010). Despite the fall in profits, the company still managed to beat most of its competitor’s in both net revenue and profit (Data Monitor, 2010). Companies are normally affected by changes which occur from time to time. In the case of Empire Company Limited, the major changes occurred in 2007 when Sobey’s was purchased by Empire Company Limited, making it a private entity. The retail grocery and food distribution industry in Canada is changing to accommodate the needs of the customer. To avoid being left behind, the empire Company Limited has put in place measures that will ensure that its future as a market leader is intact. It has enhanced its liquid investment portfolio to ensure that it achieves maximum yield and growth outcomes (Newswire, 2010). The company’s future goals for its food retail business are to enhance workforce management in a bid to improve store productivity. Based in Montreal, Canada, Metro Inc is one of the major public food retailers in the country. The company operates in the provinces of Ontario and Quebec, where it is the second largest food retailer after Loblaw Companies Limited. In Quebec the company operates 243 stores and 135 in Ontario. The company also operates