The oldest Archambault Group store, located at the corner of Sainte-Catherine Est and Berri streets in Montreal, will close in June 2023.
In a press release published Friday, the company points to “the growing deterioration of business prospects in the Place Émilie-Gamelin sector”.
“An in-depth internal analysis has revealed that the evolution of the urban fabric in the Place Émilie-Gamelin sector, combined with the evolution of consumer habits, no longer makes it possible to make the commercial operation of the Archambault Berri profitable, despite the “significant investments made in recent years”, explained Floriane Claveau, communications director of Groupe Archambault, in this press release.
Construction sites and urban mix in the city sector have had a negative impact on traffic, says the company.
The music and book store had been open since 1972. Its illuminated sign, considered heritage, can remain in place, if that is what its current owner, Quebecor, wishes.
There are currently 15 Archambault branches across Quebec. The channel is owned by Groupe Renaud-Bray.
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