Major Grocery Store in Oakville Closing Down
Bad news, Oakville shoppers.
If you like deals on grocery items, live on a tight budget, and/or abhor the pretentiousness of other supermarkets in town, you’ll want to take note of the following.
The long-standing affordable grocery store, Colangelo’s No Frills shoppers in Trafalgar Village, is shutting down.
The store is closing on Feb. 3, 2018.
“The decision to close the store was not an easy one as we value our customers and employees there,” said Loblaw Companies Limited spokesperson Karen Gumbs.
“We recognize the important role the store has played. Unfortunately, the store has remained unprofitable and we don't expect that to turn around.”
The news — though not unexpected — is coming as a blow to many residents who frequent the south-end location.
“Wow .. that will make it tough for careful shoppers who can’t afford whole foods and Pusateris,” wrote one Facebook user.
Another expressed concern for staff who “have to find jobs in the middle of winter.”
It’s unclear how many full-time and part-time staff will be affected.
“For the employees of the store, we are committed to fairness,” said Gumbs.
“We have provided significant notice and severance to help with the transition.”
The Cross location was also frequented by commuters who touted its convenience and proximity to the Oakville GO station.
The closure leaves one Oakville No Frills store, at 1395 Abbeywood Dr. There are two stores in Burlington and one in Milton.
The news, though surprising to some, hasn’t exactly come out of nowhere.
On Nov. 15 the company announced 22 "unprofitable" stores would be closing — the same day it unveiled a grocery home-delivery service.
That's roughly one month after the company said it was cutting 500 corporate and store-support jobs.
The closures will be "across a range of banners and formats" under Loblaw Companies.
Loblaw is Canada's largest retailer, based in Brampton, and owns Real Canadian Superstore, No Frills, Fortinos, T&T Supermarkets, and Shoppers Drug Mart, among others.
The company said it expects to record charges of approximately $135 million, the majority of which are expected in the fourth quarter of 2017, and to realize approximately $85 million in annualized savings.