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  1. #1
    Senior Member M1917 Enfield's Avatar
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    Calgary-based UFA Co-operative to kill 545 jobs, close 12-store Wholesale Sports chain in Western Canada

    Sad News!

    Another Firearms and sporting store to close!

    http://www.cbc.ca/news/canada/calgar...gary-1.4290641


    Calgary-based UFA Co-operative to kill 545 jobs, close 12-store Wholesale Sports chain in Western Canada


    Chain's revenue fell 9 per cent to $103 million last year


    wholesale-sports.PNG

    There were 12 Wholesale Sports stores with 440,000 square feet of retail space across British Columbia, Alberta, Saskatchewan and Manitoba.

    The Wholesale Sports Outdoor Outfitters chain of a dozen hunting, fishing and camping supply stores in Western Canada is shutting down after 30 years in business.

    The operation owned by Calgary-based UFA Co-operative Ltd. closed stores on Thursday afternoon to tell the 545 staff their jobs were ending.

    Most will be laid off but some may be hired at UFA's farm stores.

    There were 12 Wholesale Sports stores with 440,000 square feet of retail space across British Columbia, Alberta, Saskatchewan and Manitoba.

    The chain had revenue of $103 million in 2016, down nine per cent from $113 million in 2015.

    The news comes at a time of consolidation for outdoors destination superstores, with American giant Bass Pro Shops snapping up rival Cabela's in a $4.5-billion US deal announced a year ago. Both U.S. companies operate stores in Canada.

    UFA, which bought Wholesale Sports in 2008, sold its U.S. stores in 2013.

  2. #2
    Senior Member M1917 Enfield's Avatar
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    http://edmontonjournal.com/business/...western-canada

    Calgary company closes 12-store Wholesale Sports chain in Western Canada



    CALGARY — The Wholesale Sports chain of a dozen hunting, fishing and camping supply stores in Western Canada is shutting down after 30 years in business, leaving 545 workers without jobs.

    The operation owned by Calgary-based UFA Co-operative Ltd. closed stores — including two in Edmonton — on Thursday afternoon to tell workers their jobs would be ending by year-end. Inventory liquidation sales are to begin on Friday and run until Dec. 28.

    No new online purchases are to be processed, the company said, adding all current online orders will be filled.

    CEO Carol Kitchen said UFA — the former United Farmers of Alberta — bought the retail chain in 2008 in an attempt to diversify the member-owned company away from its traditional agricultural and fuel services.

    But stiff competition and falling sales convinced the UFA board it was time to go back to its traditional focus.

    “If you think about Cabela’s, Bass Pro and others entering the marketplace, they were not in place 10 years ago in 2008,” she said in an interview.

    “We are a 109-year-old organization that has its roots in rural Alberta and that’s where our focus will be in the future.”

    Kitchen said the company considered selling the chain with stores in B.C., Alberta, Saskatchewan and Manitoba but concluded shutting it down was the best option. She said it has been profitable over the time it was owned by UFA.

    The chain reported revenue of $103 million in 2016, down nine per cent from $113 million in 2015.

    Kitchen wouldn’t say how much it will cost UFA to end the leases on its stores.

    The news comes at a time of consolidation for outdoors destination superstores with American giant Bass Pro Shops snapping up rival Cabela’s in a US$4.5-billion deal announced a year ago. Both U.S. companies operate stores in Canada.

    Kitchen said the growth in online purchasing has also hurt sales at Wholesale Sports’ brick-and-mortar outlets.

    Retail analyst John Williams of J.C. Williams Group said website stores are hurting all big box chains because they offer consumers more choices. He said he expects more consolidation to come in most big box store categories.

  3. #3
    Have gun, will travel. Forbes/Hutton's Avatar
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    1) Surprised they couldn't find a buyer like Sail.

    2) Not a single store in Ontario so no Ontario-size hydro bills and no 33% jump in min wage coming for them. Imagine how tough it is for Ontario retailers.
    Remember: the opposite of "Far Right" is Far Wrong.

  4. #4
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    Surprised that they couldn't find a buyer..

  5. #5
    Senior Member M1917 Enfield's Avatar
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    Quote Originally Posted by shootemup604 View Post
    Surprised that they couldn't find a buyer..
    They are probably going to use the loss as a tax right off before Justine changes the rules or "loophole"!

  6. The Following 4 Users Like This Post By M1917 Enfield

    FallisCowboy (09-17-2017), Gunexpert007 (09-17-2017), killer kane (09-16-2017), Rory McCanuck (09-16-2017)

  7. #6
    The Gunsmithing Moderator blacksmithden's Avatar
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    Quote Originally Posted by Forbes/Hutton View Post
    1) Surprised they couldn't find a buyer like Sail.

    2) Not a single store in Ontario so no Ontario-size hydro bills and no 33% jump in min wage coming for them. Imagine how tough it is for Ontario retailers.
    Sadly, our dipper government is putting in the same minimum wage rules....and our power bills are going up too. The dippers are killing our coal fired power plants and are replacing them with fantasy power.
    GOC moderator
    Dealer/co-founder/co-owner of Tundra Supply Ltd.
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    June 2013 - The High River Gun Grab - NEVER FORGET !!!!
    Feb 26 2014 - Swiss Arms prohibition and ordered confiscation by the RCMP - NEVER FORGET !!!!!
    May 1 2020 - Liberal un-democratic mass prohibition order in council. - NEVER FORGET !!!!!

  8. The Following 2 Users Like This Post By blacksmithden

    FallisCowboy (09-16-2017), killer kane (09-16-2017)

  9. #7
    Senior Member Hidyn's Avatar
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    NO! They had so many things I couldn't get anywhere else!!!

  10. #8
    Senior Member
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    Quote Originally Posted by Forbes/Hutton View Post
    1) Surprised they couldn't find a buyer like Sail.

    2) Not a single store in Ontario so no Ontario-size hydro bills and no 33% jump in min wage coming for them. Imagine how tough it is for Ontario retailers.
    Well, Alberta is also going to a $15 minimum wage and are planning their own McGuinty/Wynne inspired green energy disaster, and BC now has an NDP government that is planning a hike to the corporate tax rate.

  11. The Following User Liked This Post By soulchaser

    killer kane (09-16-2017)

  12. #9
    Senior Member killer kane's Avatar
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    And not much for choices as far as local civic elections go here in redberta either.
    Green is the new Red

  13. #10
    Senior Member
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    When are people going to learn not to vote for socialists?

  14. The Following 4 Users Like This Post By Suputin

    FallisCowboy (09-17-2017), Hidyn (09-17-2017), killer kane (09-17-2017), Lee Enfield (09-18-2017)

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