FedEx Express Canada
NYSE : FDX

FedEx Express Canada

September 30, 2014 05:00 ET

FedEx Continues Retail Expansion Into Quebec with Super C

Agreement with Supermarket Chain Latest Phase in Historic Retail Growth Strategy

MISSISSAUGA, ONTARIO--(Marketwired - Sept. 30, 2014) - Federal Express Canada Ltd. (FedEx Express Canada), a subsidiary of FedEx Corp. (NYSE:FDX), has announced the latest phase in its comprehensive retail expansion across Canada. An agreement has been reached with Super C, Metro Inc.'s Quebec chain, to house full-service FedEx Authorized ShipCentres® within the majority of the supermarket's 86 stores throughout Quebec. This agreement represents the largest opportunity for FedEx Express and FedEx Ground retail growth within Quebec to date.

"This agreement reinforces our commitment to Quebec and our ability to connect Quebec's online shoppers and small and medium business to the rest of the country and the world," said Lisa Lisson, president of FedEx Express Canada. "Our alliance with Super C embeds our points-of-access deeper in communities across Quebec than ever before."

In April, 2014 FedEx announced an agreement with Home Hardware Stores Limited that allows individual Dealer-Owners the ability to house full-service FedEx Authorized ShipCentres within their stores. The agreement with Super C allows for the activation of FedEx Authorized ShipCentres to be done in two phases. During the first phase, roughly 40 stores will become FedEx Authorized ShipCentres by the end January, 2015.

The agreements with Super C and Home Hardware constitute the first two phases of the most comprehensive Canadian retail expansion in FedEx's history.

As reported in the April, 2014 announcement, e-commerce is the largest driving force in the global economy and is projected in the 2013 FedEx Annual Report to reach $1 trillion in sales by 2016. According to the UN News Center, there were 2.3 billion global internet users at the end of 2011, of which (according to the Canadian Press and the CBC), 25.5 million are Canadians who use the internet every day.

In November, 2013, FedEx Express Canada forecast that 60% of Canadians would do some form of online shopping for the 2013 holiday season. In order to meet the needs of Canadian e-consumers, transportation companies are required to offer more proximate "points-of-access" options for drop-off and pick-up services. With 86 stores and counting across Quebec, Super C will soon be able to offer FedEx's full suite of domestic and international shipping solutions for their respective communities.

"We are delighted to be able to offer this new service to our customers" said Mr. Jean-Guy Tremblay, Vice-President, Operations, for Super C. "In a market as competitive as ours, it's vital to differentiate ourselves and to provide value to our consumers. Having FedEx counters is an additional asset, for both our regular customers and for people using the FedEx counters, who will now be able to complete their purchases with us."

"Super C is a well-known brand in Quebec and the opportunity our alliance creates will result in a better e-commerce experience for more Quebecers," said Lisson. "Through Super C, FedEx Express Canada and FedEx Ground will be more easily accessible to Quebec communities than ever before. Conversely, hosting a FedEx Authorized ShipCentre allows Super C to connect their customers within their respective communities to the rest of Canada and the world with efficiency and effectiveness."

About Metro Inc.

With annual sales of over $11 billion, METRO INC. (TSX:MRU), founded in 1947, is the only major Canadian food distribution company to have its head office in Quebec. Along with its affiliates and franchisees, METRO INC. employs in Quebec and Ontario over 65,000 people, whose mission is to satisfy their customers every day and earn their-long term loyalty. METRO INC. operates a network of almost 600 food stores under several banners including Metro, Metro Plus, Super C and Food Basics, as well as over 250 drugstores under the Brunet, The Pharmacy and Drug Basics banners.

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About FedEx Corp.

FedEx Corp. (NYSE:FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $46 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.

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