It was the fifth store Safeway had closed in west Edmonton. In October 1986, the Canadian Press reported that Safeway Canada took an $8 million loss by closing a prime store at West Edmonton Mall, which, at that time, was the world's largest shopping centre. Some IGA stores housed in former Safeway buildings have operated successfully for decades, others ceased operation in recent years. A judicial inquiry restricted the number of stores Safeway could open, and forced the company to close or sell some locations to competitors like IGA. The company controlled 80 percent of the grocery market in Alberta in the 1970s causing the government to accuse Safeway of having a monopoly on the supermarket business, resulting in unnecessarily high food prices. The firm ultimately failed against entrenched competition in this market.Ĭanada Safeway dominated the grocery store landscape in Western Canada in the 1970s and 1980s. In 1969, Safeway entered the Toronto market by opening new stores, rather than by acquisition. In 1935, it acquired the 179 Canadian Piggly Wiggly stores. established its Canadian operation as Canada Safeway Limited with nine stores in 1929 with headquarters in Winnipeg. A Safeway in Sherwood Park, Alberta, Canada, 1961
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |