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I remember reading an article a few years ago about how low-cost stores like Dollarama were doing pretty well particularly in a weakened economy and they had plans for aggressive expansion.
I think their business model probably requires a high volume of sales and seeing how their stores are on the smaller size I could see why they might need a lot of them to hit the volume required. It seems like they are basically trying to become the micro version of Walmart. |
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Downtown Business
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The Village
Was at the Village yesterday and noticed that Laura Secord is gone.
Also checked Hakim Optical and was pleasantly surprised to find the experienced staff of Sears Optical working there. |
Laura Secord has been gone from the Village for quite some time now.
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I went to the Village Mall the other day, and I was pleasantly surprised that the VILLAGE MALL WAS STILL OPEN !!
This place has been a literal ghost-town for years now, and I am amazed that any retail outlet are able to keep their doors open in here , especially with such a obvious lack of traffic flow from Customers. With the exception of a small number of retailers, I am guessing that pretty much every store in the Village is on the verge of shutting down. |
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I would imagine Dollarama is doing ok haha. Also Tan Jay who are very popular with the senior set.
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Article on Downtown Rental prices
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More downtown news. Whink has purchased the Newfoundland Weavery. Also the Kitchen Queen has closed.
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How to increase spending downtown: Close streets to traffic. It's crazy how both Water and Duckworth are both two way traffic. It would be better for traffic, businesses and padestrians alike if they were at least one way.
https://www.forbes.com/sites/carlton...mpression=true |
Report on Galway retail on ntv the other night. Nothing new really although they did mention a large retailer that had yet to be announced. They talked to the managers of a few stavanger stores that are opening locations in galway (Marshall's, etc) and the managers said the stavanger stores were staying. Also they reported the bowrings space has been leased.
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here's a video link for anyone interested! |
Ropewalk Lane Area Booming After Injection of New Businesses:
http://vocm.com/news/ropewalk-lane-a...ew-businesses/ |
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