"It is very sad that yet another award winning magazine will stop being printed. The Board spent many months considering this decision before acting. A study conducted to review whether the magazine might simply be transitioned to a digital-only platform indicates Retail News would continue losing money. Faced with rapidly declining advertising revenues and constantly increasing costs, no reasonable alternative to closing the magazine was discovered," said Peter Moore, President and CEO of the Canadian Gift Association.

The Association is committed to finding exciting new ways to connect members and their retailers, offering opportunities for sharing industry information, research and educational experiences. We look forward to telling you about our plans in the upcoming months.