National

Chapters To Close Robson Store In Downtown Vancouver; Blames Rent Hike

Darpan News Desk The Canadian Press, 20 Jan, 2015 11:22 AM

VANCOUVER — Indigo Books & Music Inc. (TSX: IDG) says it will shut down its Robson Street Chapters location by the end of June because of a rent increase.

Canada's largest book retailer says a "very significant rent increase" made continued profitability untenable at the location.

CEO Heather Reisman said in a statement that "an increase of this magnitude would quite simply make this vibrant, profitable store unprofitable."

Indigo said it plans to open another location in the same area this year.

Reisman said the company continues to review all elements of its operations and looking at new real estate opportunities.

Indigo did not say if any employees will be laid off, but said it is working with Human Resources, regional directors and store management to support affected employees.

Prev Next

MORE National ARTICLES

Multibillion-dollar lawsuit against Big Tobacco now in the hands of judge

MONTREAL — A class-action lawsuit that targets three Canadian tobacco manufacturers for nearly $20 billion has ended after nearly three years of testimony.

Multibillion-dollar lawsuit against Big Tobacco now in the hands of judge

Indonesian prosecutor opposes bid to dismiss case against Canadian teacher

JAKARTA, Indonesia — The prosecution in the case of a Canadian teacher facing allegations he sexually abused a kindergarten student at an international school in Indonesia has been in court to oppose a call by the defence for the case to be dismissed.

Indonesian prosecutor opposes bid to dismiss case against Canadian teacher

CBC shortens all local supper-hour TV newscasts to 60 or 30 minutes

TORONTO — CBC will shorten all local supper-hour newscasts to 30 or 60 minutes and will broadcast Radio One morning shows on TV beginning next fall.

CBC shortens all local supper-hour TV newscasts to 60 or 30 minutes

Shania Twain Says In RCMP Video That Family Violence Is 'Never Acceptable'

OTTAWA — Country music superstar Shania Twain has lent her voice to an RCMP campaign against family violence.

Shania Twain Says In RCMP Video That Family Violence Is 'Never Acceptable'

Some of the high and low points of the fall session of Parliament

OTTAWA — A number of major themes echoed through the turbulent fall session of Parliament that comes to an end this week. Here is a quick look at some of them:

Some of the high and low points of the fall session of Parliament

Hurdles hamper border agency's pursuit of crooked immigration consultants: memo

OTTAWA — Canada's border agency says reluctant witnesses, scant evidence, and limited time and resources pose serious challenges when it comes to investigating crooked immigration consultants.