Their Burrard store is 11,000 sq feet. Granville would obviously close but I wonder if Burrard is also open for consolidation.
Back in 2014 when it opened:
Quote:
"They'll be paying a very high lease price for that space," London Drugs CEO Wynne Powell told BIV.
"If a prime location results in you having to raise your prices too much, then it's not a prime location."
London Drugs operates a store two blocks west, on Robson Street near Bute Street, at a site where it has operated for decades and has a long-term lease fixed at a reasonable rate, Powell said.
He expects SDM's Burrard Street store will initially cut into London Drugs' sales, as usually happens when new competition sprouts. Powell added that, after a few months, he expects customers to return when they realize that London Drugs' prices are lower than SDM's.
"We do regular surveys across the board on basket of goods between ourselves and SDM," Powell said. "There's a 10% to 14% extra cost to buy at SDM. We're not prepared to raise our prices on average."
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https://www.biv.com/news/retail-manufact...-to-open-next-to-victorias-secre-8238925
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