VANCOUVER – Indigo announced on Monday that it is closing the Chapters location on Robson Street later this year.
It cited a “very significant rent increase” as making continued profitability untenable. The store will cease operations on June 30 but Indigo will keep their Granville Street location open. Indigo will also temporarily transition the American Girl Specialty Boutique to that location for now.
“As we gain great momentum with Indigo’s transformation strategy we are continuing to review all elements of our operations,” said Indigo’s Chief Executive Officer, Heather Reisman in a statement. “With a very significant rent increase recently at our Chapters Robson store the new terms are simply untenable for us to stay in that location. An increase of this magnitude would quite simply make this vibrant, profitable store unprofitable. As a result, we are actively pursuing another location to serve the Robson trade area which we fully intend to open in 2015. In other key markets we are also looking at new real estate opportunities for Indigo that will best serve our unique needs.”
There was no indication when another location in the Robson area might open.
Indigo said it is working with human resources to support employees at this time.
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