Co-op Atlantic closes four stores

MONCTON, N.B. — Co-op Atlantic has closed four corporate stores, two in New Brunswick, and one each in Prince Edward Island and in Newfoundland. About 400 jobs will be lost. This is the latest move by the company as it exits the food and gasoline business, having sold off five corporately owned stores and its wholesale grocery business to Sobey’s back in May. The company says it wants to keep focusing on its agricultural, bulk fuel, and housing businesses, supplying its remaining co-op stores, which are independently owned.