The Wholesale Sports locations in Western Canada, including this one in West Kelowna and the one in Kamloops, are shutting their doors by the end of the year.
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September 14, 2017 - 3:09 PM
KAMLOOPS - A Canadian outdoor outfitters store is closing down its 12 Western Canada locations, including its two B.C. Interior stores.
Wholesale Sports announced today, Sept. 14, in a news release that its retail stores in Kamloops and West Kelowna would be winding down and closing.
The company, a subsidiary of United Farms of Alberta Co-operative, will begin inventory liquidation sales tomorrow which will last until Dec. 28.
"This was an all-inclusive business decision that, while difficult, was made in the best interest of UFA on behalf of our members," Carol Kitchen, the parent company's president and CEO said in the release. "There were numerous external factors that led to this decision including an increasingly competitive environment, the continued shift to on-line purchases and an overall slowing of consumer discretionary spending as a whole, including the outdoor industry."
Kitchen says the parent company will focus on its "core business" of agriculture and petroleum.
There will be no new online purchases processed after 3 p.m. today, when the Wholesale Sports website will become a static webpage only offering customers sale information. All current open online orders will be fulfilled.
In a frequently asked questions section of the news release, the parent company says senior members of the company will be heading to Wholesale Sports locations today to discuss with employees.
"Unfortunately, the majority of the Wholesale Sports team members will no longer be employed within the organization as a whole," the company says.
For more information on the closure, go here.
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News from © iNFOnews, 2017