Telus Corp., Canada’s second-biggest wireless carrier, is closing its chain of Blacks Photo Corp. retail photography stores, saying it wasn’t able to make a profit.
“Technological innovations have changed the way Canadians take and share photographs, with fewer of us using retail photo outlets,” the Vancouver-based company said in an e-mailed statement. All 59 of the chain’s stores will close, affecting 485 employees, who will have the option of moving to another part of Telus’s business, the company said.
Telus was little changed at C$41.56 at 4 p.m. in Toronto.
The company had been closing stores since buying the chain’s 113 outlets for C$28 million ($23 million) in 2009 to expand its platform for telephone products after BCE Inc. bought The Source chain of electronics stores. Telus has 220 of its own stores and more than 500 partner locations that sell its products, Luiza Staniec, a spokeswoman for Telus, said by phone.
Canada’s biggest wireless companies have competed for more retail space over the past six years as the federal government tried to increase competition by supporting smaller companies like Wind Mobile and Mobilicity. Last year, BCE paid C$670 million for smartphone retailer Glentel Inc. and sold a 50 percent stake in the company to Rogers Communications Inc.
(An earlier version of this story was corrected to say Telus is Canada’s second-biggest wireless carrier in first paragraph and number of Telus stores in third).