Tough loss - although I can't imagine having a grocery - even an upmarket one in Urban Fare - and Canadian Tire opening up across the street a year or two ago helped them, with or without COVID. With Canadian Tire, there's tons of product overlap at good prices. There's long been a Best Buy and Shoppers that competes on the electronic and pharmacy fronts as well. Not to mention a major jump in online sales since COVID. Lots of tough new realities to face for retailers that don't have strong business models: https://www150.statcan.gc.ca/n1/daily-quotidien/200721/cg-a005-eng.htmNot to be a downer, but I got an email that both the Mount Royal village and Stephen Avenue London Drugs locations are closing permanently October 10. I don't know if I'm that surprised, but sad about the one on 8 st. Does anyone know if they are building another location in the inner city, or is this just a sign of the times as I believe?
It's too bad the public rarely gets to see the inner workings of these kinds of decisions to understand why they happen and what factors were ultimately the trigger.