The largest Canadian grocery chain is closing two of its three grocery stores in Ottawa as it attempts to keep its name in the fast-growing market.
The grocery chain, which has more than 200 stores across the country, announced Friday that it will stop selling its produce, meats, dairy and bakery goods and is moving to consolidate operations in the city of Montreal.
“The business is at risk, but the future is bright,” Robert St. Laurent, president of the Canada’s biggest food producer, said in a statement.
The move is expected to result in the closure of more than 1,400 stores, including stores in Toronto, Ottawa and Calgary.
The chain will continue to sell products at other stores in Montreal, including its retail outlet in the Canadian Tire Centre.
It is the latest move in a series of moves by the company to try to protect the brand it has built over decades.
In 2015, the company announced it would sell its grocery business in Canada and sell its food in other countries, but its future remains unclear.
“We have decided to divest our Canadian grocery business as part of our efforts to consolidate our businesses and reduce our risk in the long run,” the company said at the time.
The announcement comes as the company faces growing competition from online grocer Amazon, which also has a grocery business.
The Canada’s grocery industry has seen a sharp rise in online shopping and is expected in the hundreds of billions of dollars this year.