Quote:
Originally Posted by PersonPlaceorThing
A few years back (maybe just one) Chapters Indigo started a retrenchment strategy where they were really slowing the roll out of new stores. I wonder if that's still the case.
Still, I would take a big book store over any fashion store.
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I would definitely take a big bookstore in SJ over anything but Simons! I actually think it's possible, if not likely, as well, that one will be built soon.
Indigo/Chapters is planning to open many new stores from what I have heard/read recently. The retrenchment was part of the deal to OK Indigo's takeover. The company had to agree not to open any stores for 2 years and not to expand where they already had a presence for 5 (expansion is permitted as of 2007).
I found an old article outlining the deal -
Chapters-Indigo merger progresses
Updated Thu. Apr. 19 2001 7:21 AM ET
Canadian Press
The merger of two Canadian book retailers took a big step forward this week after the Competition Bureau submitted a strict set of guidelines the new company will have to live by.
The guidelines, hammered out with the new company and submitted to the Competition Tribunal, outline a series of restrictions the corporate giant will have to live by.
The combined company cannot open new stores for two years. Also included in the deal is a five-year code of conduct governing its relations with publishers.
The application specifies the 13 big-box bookstores to be sold, along with 10 mall stores. Indigo Online's assets also are to be sold, but not the trade name.
Indigo's distribution centre in Mississauga, Ont., is to be sold and three brand names - Classic Books, Prospero, and SmithBooks - also must be offered for sale.
As part of the deal, if approved by the Tribunal, Chapters-Indigo can't buy a bookstore in a shopping centre where it already has a store for five years.
During that time, it must reduce its holdings to one store per shopping centre or mall, and must open its mall operations to new competition.
Heather Reisman - the Indigo founder who with husband Gerald Schwartz acquired Chapters in February for $121.5 million in a strenuously contested takeover - wants to merge the two companies and needs approval from the competition authorities to do so.
The bureau concluded that the proposed merger, without these remedies, would otherwise have resulted in a substantial prevention and lessening of competition in the purchase and retail sale of English-language trade books in Canada for both consumers and publishers, the competition watchdog said.
The Competition Bureau believes that the measures outlined in this consent order application will contribute to a more competitive market for books in Canada which will benefit consumers, publishers and independent retailers, Konrad von Finckenstein, Commissioner of Competition, added in a statement.
A list of the 23 stores to be sold by Chapters-Indigo as part of the Competition Bureau's conditions on approval of the merger of Canada's two biggest bookstore chains:
British Columbia
Chapters in Surrey (Strawberry Hill)
Chapters in Richmond (Richport Town Centre)
Alberta
Chapters in Calgary (Brick Plaza)
Indigo in Edmonton (South Edmonton)
Ontario
Chapters in Belleville (Quinte Mall)
Indigo in Kingston (Princess Street)
Chapters in Oakville (Oakville Town Centre)
Indigo in Scarborough (Scarborough Town Centre)
Chapters in Toronto (Runnymede Theatre and Yonge at Steeles)
Indigo in Toronto (Yorkdale Shopping Centre)
Chapters in Woodbridge (East Woodbridge Centre)
Smithbooks in Ottawa (Rideau Centre)
Coles in Burlington (Burlington Mall)
Coles in Mississauga (Eaton Sheridan Place)
Coles in Toronto (East York Town Centre, First Canadian Place, Centrepointe Mall and Sheppard Centre)
Quebec
Chapters in Montreal (Rockland Montreal Centre)
Smithbooks in Laval (Carrefour Laval)
Smithbooks in Montreal (Place Ville Marie Shopping Promenade)
Smithbooks in Pointe-Claire (Fairview Pointe Claire)