Fort Saskatchewan’s downtown is about to get a major facelift.
Before the Sobeys Inc. acquisition of Safeway Canada’s can be approved by the Competition Bureau, the grocery giant will have to sell off 23 of its western Canadian stores — one of the casualties of the fire-sale will be the Station Square Sobeys in the Fort.
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EDMONTON – Grocery retailer Sobeys has agreed to sell 23 stores in Western Canada so that its acquistion of Safeway can go ahead, the Competition Bureau announced Tuesday.
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The recent acquisition of Safeway Canada by Sobeys sparked fears over job losses and store closures across Alberta.
But while some neighbouring grocers could close their doors in the future, the company may also look at an aggressive expansion to further secure its place in the western Canadian market, said Paul McElhone executive director at the University of Alberta School of Retailing.
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CALGARY — Sobeys could be forced to sell stores in Alberta as a result of its blockbuster deal to buy Canada Safeway, says an analyst.
In a research report, Andrew Calder, analyst with RBC Dominion Securities Inc., said the $5.8 billion deal will likely see a close review from the Competition Bureau, which could take up to four or five months.
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EDMONTON – The south Edmonton neighbourhood of Pleasantview is losing a longtime grocer.
The Sobeys store at 111th Street and 51st Avenue is closing at the end of business on March 21. The supermarket opened in 1968 in the strip mall just north of Southgate Centre.
Although there is a Safeway store across the street at the busy shopping mall, residents say they will feel the loss.
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EDMONTON – One of North America’s biggest suppliers of gluten-free foods is based in Edmonton, but the president and CEO of Kinnikinnick Foods says even local customers are often surprised by the products’ homegrown origins.
“They really don’t realize where it comes from,” said Jerry Bigam.
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