Saskatchewan government-owned liquor stores post financial loss after closures
REGINA — The Saskatchewan government has spent millions of dollars to shutter its remaining liquor stores, resulting in the retailers posting a financial loss this year.
Lori Carr, the minister responsible for the authority, says the retailers were not profitable because the Saskatchewan Party government had to spend additional money to close stores and provide severance to employees.Saskatchewan shuttered its remaining 34 government-owned liquor stores in March to exit the retail business.
Carr said the auctions and building sales brought in $50 million, revenue that isn't reflected in this year's financial report. The government had originally projected the stores would bring in a profit of about $395,000 this year, but that was before it took closing costs into account.
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