Loblaws to close stores across country

It’s not known if a decision by a major Canadian corporation will have an impact in Vernon

  • Jul. 24, 2015 6:00 a.m.

It’s not known if a decision by a major Canadian corporation will have an impact in Vernon.

Loblaws announced Thursday that it is closing 52 stores over the next year.

In Vernon, the company operates the Real Canadian Superstore and the Wholesale Club, as well as three Shoppers Drug Mart stores.

“Out of respect for our many stakeholders, including colleagues, vendors, landlords and others, we are not disclosing specific locations at this time,” said Bob Chant, senior vice-president of corporate affairs and communication for Loblaws.

Loblaws has 2,300 locations across the country and the company recently initiated a restructuring process.

“Through the process we identified 52 consistently under-performing and unprofitable stores that we will close,” said Chant.

“The list includes gas bars, Joe Fresh standalone stores and select pharmacies and grocery stores.  With the previously announced plan of $1.2 billion in capital spending, we are on track to grow the number of jobs in our network of stores this year.”