Loblaw Companies Ltd. is closing its Loblaws City Market store in Richmond, BC amidst tough competition.
“The decision to close the store was not an easy one as we value our customers and employees there,” stated Karen Gumbs, director of public relations for Loblaw Companies Ltd. “We recognize the important role the store has played. Unfortunately, the store has remained unprofitable and we don’t expect that to turn around. For the employees of the store, we are committed to fairness. We have provided significant notice and severance to help with the transition,” stated Gumbs, via email to the Richmond News.
Loblaws had to compete with a nearby Save-On-Foods, which recently began online shopping and delivery, as well as two local farm markets, and a Bulk Barn.