LANDMARK Melbourne newsagency McGills is closing its doors after 149 years


McGills is the largest newsagency in Victoria. It has a couple of floors. It was a landmark in Melbourne CBD and now it is closing in a few weeks as no-one offered to buy it.

I remember it well, as a kid, I had to go there to pick up magazines for our newsagency as they used to distribute magazines too.

From the manager’s comments on the reasons for closing were

"Newsagencies are a hard business, very labour intensive and along with high CBD rent it has been difficult over the past few years," he said.

"But I wouldn't say this is a result of the financial crisis."

Newsagents today need to look at much more then just the bottom line as McGill's example shows they have to look at the work involved and floor space.