In an emailed assertion to Postmedia, Calgary Co-op stated the Beddington Co-op and Village Sq. Co-op will shut as a consequence of poor efficiency
Article content material
Two Calgary neighborhoods will lose their Co-op grocery shops on March 8.
Commercial 2
Article content material
Calgary Co-op instructed Postmedia in an emailed assertion Wednesday that the Beddington Co-op, at 8220 Middle St. N., and Village Sq. Co-op, at 2520 52nd St. NE, will shut as a consequence of poor efficiency.
Article content material
“Whereas we by no means need to shut a meals retailer, we now have to make selections which are in one of the best curiosity of our members,” the assertion stated. “Unsustainable gross sales and more and more tough native financial and market circumstances for these shops imply that we’d like (to) reallocate sources to different, extra sustainable places.”
Article content material
The corporate stated the fuel station at Village Sq. will stay open, as will the fuel station, liquor and marijuana shops on the Beddington location.
The assertion didn’t say what number of staff will likely be affected, however the firm is working with unions to assist them within the transition. Different roles will likely be supplied to all affected staff.
Commercial 3
Article content material
The corporate can even talk with co-op members in regards to the upcoming adjustments, together with the place pharmacy information will likely be transferred.
The corporate plans to reinvest sources into redeveloping different properties, together with the North Hill and Oakridge initiatives and a brand new retailer in Marda Loop. The grocery store’s plans to redevelop 4 properties have been initially pegged at $2.5 billion in 2019 because it labored extensively to refresh its model and retailer choices.
Article content material
-
Calgary Co-op buys Willow Park Wines and Spirits
-
Calgary approves single-use article bylaw, which incorporates charges on reusable and paper baggage
-
Co-op to redevelop North Hill website in collaboration with Royop
Final week, the corporate introduced it had bought family-owned liquor retailer Willow Park Wines and Spirits – consisting of three places and distribution facilities in Edmonton, Calgary and Regina – for an undisclosed sum.
Calgary Co-op’s gross sales fell barely in 2021, from $1.26 billion to $1.23 billion, one thing CEO Ken Keelor stated final April he anticipated as retailers return to a extra regular stage of enterprise. Funds for 2022 will likely be launched within the spring.
“We stay dedicated to our long-term technique of delivering distinctive buyer experiences whereas creating worth for our members, inspiring our group members and serving our native communities,” the assertion stated.
jaldrich@postmedia.com
Twitter: @JoshAldrich03
