BESTSELLERS CALLS IT QUITS
By Adnews Staff
Bestsellers Ltd. and founder Brian Melzack both declared bankruptcy this week. The music and video retail chain has 23 Bestsellers and three Feature Presentation stores in B.C., Alberta, Quebec and Ontario. All but three stores are franchises. At its peak, the company had 45 stores, stocking only top-selling titles in convenient location. However, the company found it impossible to compete with the lower prices of mass merchants such as Canadian Tire and Wal-Mart. Bestsellers has an ad agency, The Chris Hughes Company of Toronto. However, the account has been inactive since last fall, agency client services director Julie Hughes told Adnews this week.
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