No word from food store chain

Loblaw in­tends to close 52 stores but won’t say if any in P.E.I. are af­fected

The Guardian (Charlottetown) - - WEEKEND BUSINESS -

Loblaw Com­pa­nies Ltd. won’t say whether any of its stores in P.E.I. will be closed.

The com­pany said Thurs­day it will close 52 lo­ca­tions in the com­ing year across Canada.

In an email to The Guardian late Thurs­day it is not say­ing yet what lo­ca­tions are af­fected.

In its latest an­nual re­port, the com­pany had more than 2,300 lo­ca­tions for its many brands, in­clud­ing Loblaws, Shop­pers Drug Mart, No Frills and Joe Fresh.

“Out of re­spect for our many stake­hold­ers, in­clud­ing col­leagues, ven­dors, land­lords and oth­ers, we are not dis­clos­ing spe­cific lo­ca­tions at this time,’’ Bob Chant, se­nior vice-pres­i­dent of cor­po­rate af­fairs and com­mu­ni­ca­tion for Loblaw public re­la­tions, said in the email.

Chant said out of the 2,300 lo­ca­tions, the com­pany has iden­ti­fied “52 con­sis­tently un­der­per­form­ing and un­prof­itable stores that we will close’’.

The list in­cludes gas bars, Joe Fresh stand-alone stores and se­lect phar­ma­cies and gro­cery stores.

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