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Vernon’s book and magazine distributor Monahan Agency has announced it will close on May 1.
Following the announcement earlier this month that the downtown Bookland bookstore will close at the end of March, the family-owned company said in a statement it was ceasing operations after 73 years in business. .
TNG, a division of the Jim Pattison Group, purchased the assets of Monahan and moved the operation to its head office in Calgary.
Monahan Agency started out as a small business when founder TJ Monahan recognized a business opportunity in the Okanagan. He moved his family from Victoria in 1947 and opened in a garage behind his rented house near the old Civic Arena.
The operation served memorable Vernon businesses like Allison Cigar, Vernon Drug, Nicks Kandy Kitchen, McKay’s Drugs, Adams Drug and Nolan’s.
The business grew to serve over 500 customers at its peak and grew from a garage to a 25,000 square foot warehouse on 41st Street, employing over 60 people. Its service area extended to all of British Columbia and the Yukon with annual sales of $ 30 million.
Under the long-term leadership of Tom R. Monahan, the business grew in the 1970s to include the Okanagan’s only TV Guide and Vernon’s first retail bookstore, Bookland.
“With the digital age and the advent of the Internet, the magazine and book industry has faced many serious challenges across North America,” Monahan said in a press release. “Most serious was the time people spent on their devices, which left less time for reading, and the onslaught of Amazon, and finally, publishers were printing less and less magazine titles.
“Due to strong and loyal management and staff, Monahan Agency has adapted and survived longer than most. The number of wholesale distributors has grown from 30 across Canada to three, now two. The unfortunate facts of these changing times have made the closure of Monahan Agency inevitable.