National

Blacks To Shutter All 59 Photography Stores In Canada As Of August

The Canadian Press, 09 Jun, 2015 11:39 AM

TORONTO — Photography chain Blacks is shuttering all of its 59 stores in Canada as of Aug. 8 after 85 years in operation.

Parent company Telus says most of the stores are in Ontario and employ about 485 people.

Telus says an unspecified number of those employees will be offered jobs at Telus or Koodo head offices, as well as at retail outlets or call centres, while others would be offered a "transition package."

Telus (TSX:T) spokeswoman Luiza Staniec says despite financial improvements over the last year, the company has been unable to turn a profit because of technological innovations that have changed the way people take and share photos.

In September 2009, Telus Corp. (TSX:T) bought Blacks for $28 million.

Telus acquired Blacks from ReichmannHauer Capital Partners, which had purchased the chain in October 2007 for an undisclosed price.

Blacks, headquartered in Toronto, was founded in 1930.

Prev Next

MORE National ARTICLES

Saskatchewan Trans Community Says Health Coverage Lacking

REGINA — A transgender man in Saskatchewan says he has dealt with discrimination and barriers to treatment while seeking gender reassignment, but he insists the journey is even more difficult for many of his peers.

Saskatchewan Trans Community Says Health Coverage Lacking

Mike Duffy Unaware He Was Subscribed To Polling Reports, Paid For Them Anyway

OTTAWA — "What the heck is this?" was Mike Duffy's surprised reaction when he learned he'd been signed up to receive polling research reports about Atlantic Canada.

Mike Duffy Unaware He Was Subscribed To Polling Reports, Paid For Them Anyway

Search For Trans-Sensitive And Competent Health Care Often Frustrating, Hurtful

TORONTO — Canada's health-care system may be built on the premise of equal access for all, but the transgender community says the provision of services for those who don't conform to traditional notions of male and female can be far from universal.

Search For Trans-Sensitive And Competent Health Care Often Frustrating, Hurtful

Lower Gasoline Prices Hold Back Inflation For March As CPI Rises 1.2 Per Cent

OTTAWA — Higher prices for everything from food to electricity last month were offset in part by cheaper gasoline as the inflation rate ticked higher in March.

Lower Gasoline Prices Hold Back Inflation For March As CPI Rises 1.2 Per Cent

Retail Sales Post 1.7 Per Cent Gain In February, Statistics Canada Says

OTTAWA — Retail sales in Canada posted a gain of 1.7 per cent in February following two consecutive monthly declines. Statistics Canada says retail sales climbed to $42.2 billion as all 11 retail subsectors posted gains.

Retail Sales Post 1.7 Per Cent Gain In February, Statistics Canada Says

PM Modi Ends Three-Day Visit With Protesters And Supporters At Vancouver And Surrey Temples

VANCOUVER — India's prime minister has pronounced his watershed three-day visit to Canada a success, expressing hope in a parting toast that a new partnership has begun.