Vanderhoof-based company has no plans to open food store in Prince George
The Vanderhoof-based company has purchased 10 retail fuel stations in northern B.C. as part of a decision by its parent company, Federation Co-operative Ltd., to buy 171 Husky retail sites in Western Canada and Ontario from Cenovus Energy.
Four Rivers opened its first retail fuel site in Prince George in February 2018 along Highway 16 West at 6749 Westgate Ave. It also operates cardlock facilities at Hart Highway and BCR Industrial Site locations. People who join Four Rivers Co-op and purchase a $10 investment share to obtain personal membership numbers receive annual patronage rebates based on the profits of the company, but memberships won’t apply for eligible purchases at Husky stations until the stores are rebranded.
Four Rivers has operated a grocery store in Vanderhoof since the company formed in 1944 and Bieganski says he regularly gets asked if there are plans for Co-op to open a food store in Prince George. That speculation started to increase in February 2021 when Save-On Foods announced its plan to close its Parkwood Mall location and relocate to a new store being built at Pine Centre Mall.
“Based on that study, we determined Prince George was already overstored and we were concerned about diluting the business and not getting an appropriate payback to make it pay for the membership,” said Bieganski.
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