Why was landmark closed?

Landmark Theatres said Monday that it is shutting down all locations for precautionary reasons in the wake of the current coronavirus outbreak. Founded in 1974, Landmark is best known for playing independent and foreign films. Since its inception, the theater chain has grown to 49 theaters in 27 markets.

Why are bookstores closing down?

Two major factors have contributed to the 9.6\% decrease in sales at bookstores since 2007: the growing popularity of e-books, and Borders going out of business. Both have caused serious drops in the number of bookstore sales, though competition with online retailers like Amazon is another major factor.

Who is the owner of Om Book Shop?

Ajay Mago
Ajay Mago, owner of the Delhi-based Om Book Shop chain, is angry.

Who is the CEO of Landmark Group?

Our approach to Corporate Governance. “It is important to do what is right, not what is easy.” – Renuka Jagtiani, Chairwoman and CEO of the Landmark Group.

Are bookstores disappearing?

COVID-19 has quickly accelerated that downward trajectory. In March of this year, the US Census Bureau found that bookstore sales had plummeted by 33.4\%. Following this sharp decline, sales continued to drop down another 11.1\%.

How much is needed to open a bookstore?

Combining rent, insurance, payroll and inventory, you’re looking at first-month expenses of around $60,000 minimum to open a small independent bookstore.

Is Landmark an Indian company?

Landmark Group is an Indian multinational conglomerate based in Dubai, UAE headed by Micky Jagtiani, who is the Founder and Chairman of the company. The group is involved in retailing of apparel, footwear, consumer electronics, cosmetics & beauty products, home improvement and baby products.

Is Landmark Group listed in India?

Founded in 1973 in Bahrain, Landmark Group has successfully grown into one of the largest and most successful retail organizations in the Middle East, Africa and Indian Subcontinent. The group has its presence in 168 cities across India through Lifestyle, Max Retail, Home Centre, Easy Buy and Spar Hypermarket outlets.

Are bookstores on the rise?

In the past decade, the number of independent bookstores in the United States has grown by more than 50\%, from 1,651 stores to more than 2,500, according to Dan Cullen, senior strategy officer of the American Booksellers Association. Last year, sales increased by 5\%, says Mr. Cullen.