Quote:
Originally Posted by asdfgh
I wouldn't speak too fast re: not being able to attract new tenants. As per reddit and twitter, it appears and H&M is locked in, as is a much larger, street-facing Shoppers. Not new, but it'll be great to have more street access and longer opening hours for shoppers.
Considering the amount of movement of existing tenants, I'd imagine there are some challenges with the phasing of when spots will be available etc.
I've also heard rumors that they have turned down potential lessee's to ensure they get the right mix of tenants, particularly for the spots that could have their own street access (i.e. the spot kitty corner from the movie theatre).
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It looks like Regina's H&M will be a duplicate to Saskatoon's - which is very small for H&Ms and offers the bare minimum. I occasionally work near there in Regina and see that the traffic is fairly minimum and won't bring much increased traffic to the mall overall. The Food Court has brought in a ton of new traffic, but sales are still down year over year for most stores in the mall despite the increased foot traffic. In summary on the expansions to this mall:
-The Food Court basically has no new styles of food offered (pizza and chinese food already existed, no new healthy options or higher class restaurants like other malls offer), just looks different and needed to be upgraded desperately. All food courts are moving upstairs to pull shoppers upstairs into malls. Per capita this investment into the food court is a lot lower than other malls getting investment across canada. (ie.
https://dailyhive.com/toronto/union-...en-november-26 ie.
https://dailyhive.com/vancouver/city...rt-photos-2019 )
-Shoppers expansion will mostly offer the same services Sephora currently offers (Sephora is expanding into the old Shoppers to my knowledge).
-H&M offers the same clothes for the same price as Urban Planet
-MEC offers the same products as Sportchek.
-The new rider store will not have any competitors and will be an additional incentive to attracting visitors to the mall LOL
How much duplication can the mall get. These poor existing tenants that already have seen their sales drop substantially because of online sales rising now have new competitors in the mall that don't bring in new foot traffic, just take from their existing sales. Sorry to be grim about this mall but, yikes - completely going the opposite direction of other malls in cities of the same size.