Magazine article Anglican Journal

Negotiations Underway to Save Bookstore

Magazine article Anglican Journal

Negotiations Underway to Save Bookstore

Article excerpt

Lutheran church bookseller Augsburg Fortress Canada is negotiating to take over the operations of the Anglican Book Centre, a move that would allow the Anglican retailer's storefront operation in Toronto to remain open.

The Anglican Church of Canada's communications and information resources committee on Feb. 9 unanimously endorsed the talks, which began late last year. Last October, an Anglican committee reviewing the church's work and budget recommended the store's closure in favor of an Internet and telephone-based retail operation.

"This would become a real win-win scenario. Customers could still come in to 80 Hayden St. (in Toronto) and be served by the same staff. (Augsburg) would pay us rent. We would receive revenue from the leasing of our name and have no financial risk," said Anglican church treasurer Peter Blachford in an interview. He added that Augsburg Fortress would carry volumes produced by ABC Publishing, the centre's publishing arm, but declined to disclose financial terms.

Cautioning that negotiations were still in progress, Augsburg Fortress Canada director Andy Seal noted that one example of savings would come from merging customer lists and product lines. …

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