Gateway Newstands
| Company type | Subsidiary |
|---|---|
| Industry | newsstand |
| Founded | 1983 |
| Headquarters | 240 Chrislea Road, , |
Number of locations | 500+ |
Area served | Canada, United States |
Key people | Mary Kelly - CEO Kevin Farrell - Chief Operating Officer[1] |
| Products | tobacco, lottery, snacks, soft drinks, newspaper |
| Parent | Tobmar Investments International Inc. |
| Subsidiaries | Bakery on the Go, Cafe on the Go |
| Website | Gateway Newstands |
Gateway Newstands [sic] is a chain of convenience stores and kiosks in large office buildings, shopping centres, public places, and transit stations in the United States and Canada. Established in 1983,[2] Vaughan, Ontario-based Tobmar Investments International Inc. (known simply as Tobmar) is the company that runs Gateway Newstands. The stores operate as independent franchisees and sell a wide variety of convenience items from tobacco and lottery tickets; to candy, chewing gum, and non-alcoholic beverages; and newspapers and magazines. There are currently over 500 Gateway franchises in the network. In late 2020, Gateway Newstands, along with its affiliate Tobmar Investments International Inc., decided to wind-down operations at its franchise locations in the United States. [3][4]
By May 2022, Gateway Newstands had filed for creditor protection with Gateway owing creditors $20 million. In 2020 and 2021, about 40 Gateway locations had closed dropping from 191 locations at the beginning of 2020 to 150 in April 2022. The business decline was attributed to a lack of foot traffic due to the COVID-19 pandemic.[5]
Gateway Newstands once operated over 300 locations in US and Canada in major urban centers. It had 65 locations in the Toronto subway system since the mid-1990s.[6] It is the exclusive newsstand retailer in North America’s 3rd largest transit system, the Toronto Transit Commission.[7] Competitors to Gateway Newstands accused the Toronto Transit Commission of sole-sourcing.[8]
References
[edit]- ^ "Company Overview of Tobmar Investments International Inc". Bloombery Businessweek. Archived from the original on November 9, 2014. Retrieved 9 November 2014.
- ^ "About Us". Gateway Newstands. Retrieved 2020-09-10.
- ^ "About Us". Gateway Newstands. Retrieved 2020-09-10.
- ^ "Franchising Gateway Newstands". Gateway Newstands. Retrieved 9 November 2014.
- ^ Saba, Rosa (May 10, 2022). "Gateway Newstands — a mainstay of TTC stations — goes into creditor protection after getting slammed by the pandemic". Toronto Star.
- ^ "GATEWAY - LEASE" (PDF). Toronto Transit Commission. 21 January 2013.
- ^ "About Us". Gateway Newstands. Retrieved 2020-09-10.
- ^ "TTC lease extension has newsstand competitor crying foul". thestar.com. 2013-01-24. Retrieved 2020-09-10.
 | This article about a Canadian corporation or company is a stub. You can help Wikipedia by expanding it. |