SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Chapters Bookstore
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hank Stamper who wrote (32)7/31/2000 2:08:03 PM
From: worldtraveller   of 37
 
TORONTO, July 29 /CNW/ - Chapters Inc. would like to take this
opportunity to respond to recent reports in the media about our business and
the publishing industry at large.

CHAPTERS IS ON SOLID FINANCIAL FOOTING
- Chapters has increased revenue and profit each year since it was
founded and we are on track for another financially healthy year
- We have successfully built a national network of 320 stores and the
investment in this Canadian network is essentially complete. In the
current fiscal year, Chapters will be cash positive
- Our long-term financing is secure and provides us with a solid base to
continue as a healthy and successful retailer for years to come
- Our current operating line of credit is guaranteed and secure and is
within anticipated parameters. In fact, like we have each year for the
past 5 years, we expect to have the operating line paid off in its
entirety by Christmas Day. This operating line is a normal part of the
seasonality of our business

CHAPTERS ENJOYS POSITIVE RELATIONS WITH CANADIAN PUBLISHING PARTNERS
- Today's story in the National Post is factually incorrect and grossly
misleading
- Chapters and HarperCollins Canada had already resolved any outstanding
issues and currently enjoy an ongoing working relationship
- Claude Primeau, president of HarperCollins Canada refutes the facts
provided by the "unnamed source" quoted in the article and has issued
the following statement to clarify his company's position. "Chapters is
in good financial standing with HarperCollins and we have every
confidence about our future relationship with this valued partner."
- Returns are an industry-wide issue and Chapters is committed to taking
a leadership role in addressing this issue with our publishing partners

CHAPTERS IS A LEADING CANADIAN RETAILER
- Chapters was recently named Innovative Retailer of the Year by the
Retail Council of Canada for our work to deliver an exceptional
shopping experience for Canadians
- A recent Kubas Major Market Retailing Report has again ranked Chapters
as the top retailer in Canada outranking 130 other retailers for the
fourth year in a row
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News