Toronto’s Dragon Lady Comics store is closing. They’ve been around, for like, forever. The usual story – declining revenue and greedy landlords.
It’s a story we’ve heard too many times before, but that doesn’t make it any less troubling: after more than 30 years in business, Dragon Lady Comics will be closing its doors for the last time on February 1. According to manager Joe Kilmartin, a combination of factors led to the store’s demise, including a drop in foot traffic after repairs to the College Street streetcar tracks, an industry in flux, declining sales, and most directly, a recent increase in the store’s rent.
As of July 2011, rent was raised about 25%, meaning they’re now paying $5,200 a month.
“We’ve been swallowing that extra amount and basically, it’s just more than we can take,” says Kilmartin. “[...] More strength to places like The Beguiling and Silver Snail, who’ve been able to keep their heads above water as long as they have. They’re wonderful people. I hope they can continue to last, because it’s just deadly right now.”
Dragon Lady, located across the street from the Royal Cinema in Little Italy, has walls covered with vintage issues of Life, Time, and Rolling Stone. (A 1954 collector’s issue of the “gentleman’s magazine” Sir! features Marilyn Monroe on the cover, with various headlines asking things like “Can humans hibernate?” and “Why do couples swap their wives?”) Shelves are packed tightly with comics, and boxes overflow with them. Featured comics on “Dragon Lady’s Must-Read Shelf” include local fare like Scott Pilgrim andKenk, offering customers a hint of native pride.
And just in case you think I’m being unfair to landords, Toronto’s oldest independent bookstore has been forced to close, after a large rent increase. And after two years, the site of one of Toronto’s best bookstores, Pages., is still vacant.