After 32 years with the company, Monk Office’s James McKenzie is stepping away from his role as president and chief executive. McKenzie will remain as an owner and continue to play a role as chairman of Monk’s advisory committee.
Mark Breslauer will join Monk as the new chief executive.
- See more at: http://www.timescolo...h.gQdEqnm1.dpuf
Interesting and timely development. You can bet as an outsider, this new CEO will not be content with business as usual, he will want to move the company forward.
Recent changes to Fort St. include the closure of self-service and short run press J&L Copy Centre and the closure of Staples Fort location, leaving Monk's Fort and Trounce Alley locations with a lock on the stationery/office business in the Downtown core.
In addition, office supplier Grand & Toy have closed all their retail locations across Canada after more than a century in business. They haven't had a retail presence in Victoria for a while but they have a distribution centre in the Victoria Brewery building on Government Street that will remain open.
Tough times in this business. Online sales have hurt the brick and mortar business. What would you guess Staples was paying in rent for that huge Fort Street location? $25 a month per square foot? $30?
Will the new CEO of Monk's take a chance and take over the space, putting their ready-made and custom office furniture downstairs? Or will he play it safe and stay put? Monk's owns their Fort/Blanshard building although at only one storey it is a prime redevelopment site.
Edited by Holden West, 14 May 2014 - 07:04 AM.