A Ryerson staple for more than 30 years is closing its doors and being sold to a developer.
The World’s Biggest Bookstore will move out in February as the building it’s housed in is handed over to Lifetime Developments – a company that builds both residential and commercial real estate.
Forty-three people work at the store, according to the Toronto Star. Indigo, which owns the business, said it’s trying to find space for the employees at its other retail locations.
This continues the trend of historic Toronto retail shops closing down. Sam the Record Man was sold to Ryerson in 2008, and Honest Ed’s – the famous discount retailer – was sold earlier this year to a Vancouver-based developer.
Indigo is also moving out of its Runnymede location in February. Located in a historic theatre, it will be replaced by a Shoppers Drug Mart.