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North West buys Price Chopper on Stafford

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A new owner has been found for Winnipeg’s lone Price Chopper grocery store.

Winnipeg-based North West Company (NWC), whose retail operations include the Giant Tiger stores in Western Canada, announced today it has purchased the Price Chopper store, at the corner of Pembina Highway and Stafford Street, from Sobeys Inc. for an undisclosed sum.

The company said it plans to continue operating the store under the Price Chopper name and with the same complement of employees.

"We are very excited about the addition of the Price Chopper location to our retail presence in the Winnipeg market," said Dan McConnell, NWC’s vice-president development and corporate affairs.

With the new addition, North West will have 10 stores in Winnipeg, as well as a large distribution centre and its head office. Total employment here will be 1,227 people.

The Price Chopper sale is part of Sobeys’ October 2013 consent agreement with the Competition Bureau of Canada, which required it to sell 23 of the 213 Canada Safeway stores it purchased last June to avoid over-concentration in the market. That included four Safeway stores and the Price Chopper outlet in Winnipeg.

Red River Co-op announced in February that it bought the four Safeway stores in the wake of Sobeys' 2013 purchase of Canada Safeway’s operations.

The new Price Chopper deal is also subject to Competition Bureau approval and other customary closing conditions.

The North West Company already owns and operates 226 junior department stores in Canada, Alaska, the South Pacific and the Caribbean under the trading names Northern, NorthMart, Giant Tiger, AC Value Center and Cost-U-Less.

History

Updated on Tuesday, April 15, 2014 at 5:24 PM CDT: Fixes typo.

9:35 PM: Fixes typo.

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