A grocery store with 217 locations now closes for good, a move by its parent company which has left the community disappointed.
Foodland in Little Britain, Ontario — about 110 miles northeast of Toronto— announced on its Facebook on January 23 that the store would close on Saturday, March 16.
“Unfortunately, we’ve had to make a difficult decision to close the Foodland in Little Britain.
The decision to close a store is never one we make lightly, and various contributing factors are considered,” Sarah Dawson, public affairs lead for Sobeys, told kawarthaNOW.
The post stated that Sobeys, the parent company, decided not to renew its lease with the property owner.
Dawson told the outlet that Sobeys expressed its gratitude to the Little Britain community for its “loyal patronage over the years.”
The Facebook post stated, “I have seen a lot of changes over the years. Lots of people have come and gone but this is by far the saddest news for our amazing community in a long time.”
The post has 359 shares and 57 comments from members of the community.
“Reading this makes us sad. The 23 years we spent in the store and being involved and engaged in the whole community were the best working and fun times of our life,” wrote one saddened user.
“Let’s hope there is a plan in place that we are unaware of that makes life somewhat normal for all involved.”
“We have very much appreciated this community store and their quality meat selections at reasonable prices. So sad to hear this news,” said a customer.
“We shopped there for years. Really enjoyed the store and the people,” said another shopper.
“That store has been the anchor for our community. It will be missed terribly,” a user remarked.
For more news and updates like this, opt-in for push notifications.
Also Read: Another Mall Clothing Retailer Now At High Risk of Bankruptcy
Other Economy News Today
A massive retailer now launches a liquidation sale as it closes an anchor store and abandons a mall for good, sources report.
A JCPenney store located inside a popular shopping mall is set to close in weeks, reports The-Sun.
Liquidation sales at the outlet in the Crystal Mall in Waterford, Connecticut, are underway.
The prices of goods have been cut by up to 50% and the store is set to close by May 25th, per The Day.
The JCPenney outlet is the last anchor store at the mall following the departures of renowned brands such as Macy’s, Sears, and Bed Bath & Beyond.
Executives of the company admitted the decision to close the store wasn’t easy.
“We continue to work to make every dollar count for America’s diverse, working families and welcome them to shop at our other JCPenney stores in the area,” they said.
The Crystal Mall has seen a series of high-profile store closures in recent years.
Its Macy’s and Sears outlets also closed back in 2021 and 2018.
A JCPenney store at the Shenango Valley Mall in Hermitage, Pennsylvania, is also set to permanently close its doors in May.
The store is unfortunately shutting down after the chain was in a legal dispute with the owner of the mall.
The closures come just years after the chain filed for bankruptcy.
Chiefs filed for bankruptcy after the business had racked up a whopping $5 billion in debt.
The chain survived and the company has since revealed details on restructuring plans.
More than $1 billion is set to be spent by the end of 2025 on several upgrades.
Stores are set to be renovated, and the company’s app and website will be improved.
The purpose of the upgrades is to boost efficiency.
“Now is the time more than ever to lean into that and make sure that we’re delivering that experience for our customer,” CEO Marc Rosen told the Associated Press.
For more news and updates like this, opt-in for push notifications.
Also Read: A US Company Now Declares An Unexpected Bankruptcy
Market News Published Daily 📰
Don’t forget to opt-in for push notifications so you don’t miss a single article!
Also, thank you to all of our blog sponsors.
This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.
Scroll below to view my stock purchases this month!
You can also follow me on X (Twitter), Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.
Frank Nez’s Stock Portfolio
Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?
Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.
11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.
Recommended For You ✨
About The Author
Leave your thoughts below.
For more news and updates like this, opt-in for push notifications.