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Page A10 — Terrace Standard, Wednesday, September 4, 1991

_ TERRACE — Terrace. con-
sumers afe benefiting from a
war. in this town — a video price
war, ee ;

It started when the chain

in January. The store offered
lower than usual prices, forcing

competitors to follow suit or

lose business.
“*Crazy Mike’s is the one that

lowered the prices in January,” |

says Jim Wold of Video Stop.

He’s entered the battle with.

banners pasted to his store win-
dows , declaring
WAR” ‘and “ALL MOVIES
99¢,”" -
Wold also says. competition is
‘fierce because ‘“‘there’s too
many stores in Terrace and not
enough people to support
them.”’ . ;

There are now six outlets ren-
ting videos — Crazy Mike’s,
Hilltop Grocery, Superior
Video, Terrace Co-op, 24 Video
and Video Stop. --

Copperside Foods stopped
renting customers movies about
a month ago, according to Bob
Lavoie, president of the store.

“(We stopped) because of the
price wars,’” he said. ‘‘There’s

The competition doesn’t ; For Adults
just too many places and the bother Hogg.
trend. was that it is slowing “We're a fairly big chain, so eRe ove ROVERS Aged 18 through 26
‘down quite a bit.” we're not threatened by it,” he COMPETITION means gaod selection and good prices for video affi- REGISTRATION NIGHT:
Wold’s store — the oldest in says, adding that Terrace is ex- .

Terrace since Video Station
closed down in March — has
been operating for eight years
and is the only locally-owned
store. a

- It’s a feature he promotes,
saying the familiarity of his
employees with customers keeps
them coming back, even after

"Video|
market
shifts

TERRACE Specialty
videos are one way video
stores keep up their business
— and they may be the
future of such stores
altogether.

Copperside | Stores presi-
dent Bob Lavoie, who stop-
ped renting videos to
customers this year, says
movie rentals are on the
decline,

“The trend was that it is
slowing down quite a bit,"
he says, referring to rentals
in Terrace. ‘‘You get to a
point, | think, where you
have a hard time finding a
movie you haven't seen
before.”

store Crazy Mike’s opened here.

*‘PRICE.

trying other stores. ;
**Customers. know our

_ employees, whereas the others

are just total strangers,’? Wold
sald. .
A survey of Crazy Mike’s
‘stores in other cities points out
the extent of the competition
for business here.
Terrace prices are lower than

‘those at Crazy Mike's stores in

Victoria .and Prince George,
where the chain has several
outlets.

Here, ail rentals are good for
two days. New releases. cost
$2.75 during the week and $3.75
on the weekend, In Victoria
stores new releases are $3.75 for
one night. Prince, George prices
are slightly lower, but are also
for one night only.

Another video chain,
Superior Video, opened a store
here last November. Manager
Michael Hogg acknowledges the
existence’ of a price war.

“We have what's called non-

‘price competition,’’ he says.

- That includes promotions like
the five free movie or Nintendo
rental coupons store patrons
received in the mail recently.

periencing. a
phenomenon.

_ “Most towns are in this stage
right now and chains are takin’
over,’ he explains.

While the chain stores sling it
out and the independents like
Video Stop try to hold their
ground, low prices and big pro-

common

ey
wasnt

have poor year |

’ TERRACE — Lower prices and

depressed markets combined to
make 1990 a tough year for the
B.C. ‘mining industry.

Mines, particularly coal
operations, lost a combined $95
million last year, says Tom
Waterland of the Mining
Association of B.C,

Coal mines suffered the most,
with $88 million in losses, he
said. :

“After coming off a peak
earnings year in 1988, the in-
dustry began its downward slide
in 1989 when aggregate profits
shrank to just aver one-third of
the 1988 earnings level,’’
Waterland continued.

He said a high Canadian
dollar against the American

ay.

Video watchers benefit —

_as outlets battle it out |

clonados like Fiona Robertson. The steadily increasing number of
video stores in town has created intense competition between

outlets.

motions are handed to the con-
sumer. —

“Tt’s going to go on (for a
while), until probably someone
is squeezed out,'’ Hogg
predicts, “and. then prices will

ii

dollar also hurt revenues.

That's because the higher the
Canadian dollar is, the more
money it takes in another cur-
rency to buy Canadian pro-
ducts.

Figures gathered for the min-
ing association show cash flow
from B.C. mines decreased $308
million from the 1989 level to
$491 million in 1990.

Combined capital, explora-
tion and development expen-
ditures by the industry in 1990
were $397 million, a decrease of
13° per cent over the year
previous.

Only one new mine was
sunder construction in 1990,
compared to two in 1989, said
Waterland.

tie be, éh gn whee ya Ytnecact
wbtetend AS EMIS an dy Sea

‘eOMp

go up.”
Video Stop’s Wold agrees.
*"lthink it’s a negative thing
for the community,’’ he says.
‘*Sure it’s great prices, but it’s
just short term,” 7

aries

ron"
ie Eee
ese

Existing B.C. mines are also
petting older and reserves are
dwindling, noted Waterland.

That, taken with the time it
takes te approve new mining
operations, ‘‘is a real concern lo
the industry,’’ he said.’

The data collected for the
mining association was col-
lected from 43 operations,
Tepresenling most of the in-

_ dustry in the province and all of
its major mining operations,

Total taxes and other

payments to all levels of govern-
ment ammount to $439 million
in 1990. .
- In .1989,. B.C.’s coal sales
were valued at more than $1.6
billion, Coal mines employ
5,500 people.

Project Review Process (MPRP).

PUBLIC INFORMATION MEETING

ORENDA FOREST PRODUCTS LTD.
“!.. PROPOSED PULP AND PAPER MILL

Pubtic tnfarmation Meetings will be held to outline Orenda's proposal to
develop a pulp and paper mill at the Cubose site, about 25 km south at
Terrace. This proposed project is subject ta review under the Major

For residents of Kitimat - September 11, 7:00 p.m.
Public Information Meeting at The Mount Elizabeth Theatre, Kitimat,

B.C.
*For residents of Lakelse and Terrace - September 12, 6:00 p.m.

F
Show

) 8 p.m. = 9 pm f°.
“\ EVERY MONDAY! - ,

‘BYcK Eddy Pub |
a 635-5336 : : |

SCOUTING. -|
len Better than ever .

Why not become part of the winning team . -
The Scouts Canada team - you'll love it!

BEAVERS | CUBS

_ For Youths For Youths == J
Aged 5 through 7 Aged 8 through 10 | J

SCOUTS | VENTURERS |

For Youths ~. For Young Adults
Aged 11 through 13 Aged'14 through 17 -

Wed., September 11, 7:00 - 8:30 p.m. E.T. Kenney School §
$35.00 - one child $70.00 - two or more children ”
For more information call Per Halvorsen, 635-2118 |.
or Chris Jennings, 636-4942.

MINOR HOCKEY | |

. Sept. 7, 10 a.m. - 5 p.ni. es
Terrace Arena (Downstairs)

EQUIPMENT SWAP}|

10 a.m. - 2 p.m.

| TERRACE,

1st Annual

TERRACE MINOR HOCKEY

CARD SHOW
Sept. 7, 9 a.m -6 p.m.
Terrace Arena ane

“FOR MORE INFORMATION CALL 635-2221 |

RN Day GANGSTER THRILLER.” - |
~ Mace Wilningia, LOS ANGELES TEMES :

Public Information Meeting at The R.E.M. Lee Theatre, Terrace, B.C.
Representatives af the company: will provide Interested parties with
general information on the Project, A representative of the Major Pro- [|
ject Steering Cammittee will explain the M.P.R.P., and how the public -
can participate in the review process,

A drop-in style open house will be hald to provide mambers of tha com
munity with information and an opportunity to meet with represen-
tatives of Orenda Forest Products Ltd. about the proposad development
in an informal setting. This meeting will be held in Lakelse Lake on —
September 10, 4:00 p.m. at the Mt. Layton Hot Springs Resort. ,
A prospectus, which dascribes tha project and its potential impacts, .
‘ | has been released for public review. Tha prospectus is available for - |: -]
+ | review at the Kitimat, Terrace, Smithers and Vancouver public © ;

libraries, al the Government Agent Oflices in Kitimat, Terrace, Prince’ J be
George, Stewart and Smithers and Terrace offices of the Ministry off
ihe Environment. Members of the public wishing to submit written

mber 6 & 7

Friday =7:00 pm
Saturday 2:00 pm
SKEENA MALL

ee

oy Fashions From:
Cotton Co.
Jeans North

comments on the Prospectus are asked to da so by Friday, October 11 ~Mart : NEW ACK CIT. rp
-Phease forward your written comments to: : " ae aN we Os

Mr. Gavid Parsans ) aaa _ aod
M.P.R.P. Coordinator, 8.C.: Environment : 01991 Warner Home Wade I —_ _ ia Te,

-]  Environmental.Assessment Branch °
_ Sed Floor, 777 Broughton Street:
 Vietorla, British Columbla, vay 1X5:

” ‘Telephone: 387-9677, Fax: 356 ae
*Mole the change of time aqd date, -7his meeting has been chang

* rosients of Lakels’ and wif include aff pxtaniee question