"Sad news! A beloved book and art shop in Covent Garden is closing its doors forever this week after 26 years of trading. Magma on Shorts Gardens announced on social media that it would be shuttering for good on Friday, January 16. The red-fronted shop is known for its curated selection analogue media, including books, indie magazines and prints, as well as selling things like games, gifts, jewellery and cards."
"In an emotional farewell Instagram post, the shop said that 'greed' from their landlords had led to the decision to close the Covent Garden shop. The owners wrote: 'We started Magma in this area 26 years ago, and our long-time landlords have decided that our time to leave has now come. In their words: "the current level where the market is at the moment, is not a level that could be sustained by Magma".'"
"'It is with very heavy hearts that we will be leaving this once vibrant, creative retail neighbourhood,' the post added. 'We are moving out of an area where almost every small, independent retail business has been pushed out, an area which was undoubtedly more interesting when we moved in and which is now almost identical to every other high street.'"
Magma, a book and art shop on Shorts Gardens in Covent Garden, is closing after 26 years, with the final day on Friday, January 16. Owners attributed the closure to landlord 'greed' and quoted landlords saying current market levels were not sustainable for Magma. The shop was known for curated analogue media—books, indie magazines and prints—plus games, gifts, jewellery and cards. A closing-down sale offers 40 percent off most items until the final day. Owners described departing a once vibrant, creative retail neighbourhood where many independent businesses have been pushed out. The King's Cross kiosk will remain open.
Read at Time Out London
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