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

Bill Cosby forced to confront abuse allegations in midst of Ontario show

LONDON, Ont. — Bill Cosby was forced to publicly confront the sexual assault allegations that have dogged him for weeks when a heckler at the second stop on his three-city Canadian tour yelled out a direct accusation.

Bill Cosby forced to confront abuse allegations in midst of Ontario show

Teen shot in head at Eaton Centre recalls 'total darkness' in impact statement

TORONTO — More than two years, four surgeries and 1,200 stitches later, a teenager shot in the head in a crowded downtown food court recalled on Friday what little he remembers of the attack that left him so close to death.

Teen shot in head at Eaton Centre recalls 'total darkness' in impact statement

NDP veteran Yvon Godin won't seek re-election in his N.B. seat

OTTAWA — Veteran New Democrat MP Yvon Godin says he won't run in this year's federal election.

NDP veteran Yvon Godin won't seek re-election in his N.B. seat

History museum pays $300,000 to N.S. man for world's oldest known hockey stick

GATINEAU, Que. — The Canadian Museum of History has acquired what it believes is the world's oldest known hockey stick.

History museum pays $300,000 to N.S. man for world's oldest known hockey stick

First trials of Ebola vaccines suggest they are safe; next phase next month: WHO

The first clinical trial designed to see if two experimental Ebola vaccines actually work may begin in late January and two others are slated to start in February in West Africa, the World Health Organization said Friday.

First trials of Ebola vaccines suggest they are safe; next phase next month: WHO

Dalhousie University announces more penalties in Facebook dentistry scandal

HALIFAX — Dalhousie University says the 13 dentistry students who were allegedly members of a Facebook page where sexually violent content was posted will no longer attend classes with the rest of their classmates.