Citing a slumping Canadian dollar, venerable comics retailer Silver Snail will shutter its Ottawa store after more than 25 years in business. The flagship location in Toronto will remain open.
“With the economic downturn, this location was not receiving enough traffic to bolster the steadily flagging sales over the past few years, and we had to make the difficult decision to close its doors,” the retailer wrote Tuesday on its website. “We appreciate all of the hard work put in by the staff at our Ottawa location, and give thanks to the many loyal customers who have supported the Bank Street shop over the years.”
Silver Snail’s co-owner George Zotti explained to the Ottawa Sun that although the business has weathered other difficulties, including increased competition from online retailers, a recent economic downturn meant they were hit hard by ordering comics wholesale from the United States. In short, they simply couldn’t afford to operate locations in Toronto and Ottawa. “Right now, the numbers just didn’t add up,” he said.
A close-out sale began Tuesday, and will continue until the closing on Sept. 13. The Ottawa store will continue to receive new comic shipments through its final week. “This is not a hoax,” wrote Kin Jee, who’s managed the location since it opened in March 1990 . “In lieu of flowers, please just be your amazing supportive selves.”
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