The Metro Vancouver Retail Thread - Page 964

dreambrother808 · #**19261** Posted **May 28, 2026, 4:26 PM**

Quote:

Originally Posted by NewfBC

Flying Tiger Copenhagen is cool.. it's fun to walk the maze and see what's new. They have a small number of stores across Asia, but they're everywhere in Europe.

An unrelated but similar layout type store, Normal, I like more. They have more 'convenience' items - toiletries, snacks, etc. Hopefully Normal will follow!

https://www.normalstores.com/eu/

Ron.

Yes, Normal is awesome and would do very well here.

kikin · #**19262** Posted **May 28, 2026, 7:30 PM**

walked by the boarded up 7-11 on Dunsmuir today and it really hit home, sad to see things going backwards in this city and thinking how a different governmental philosophy in general would see things so much better here than they have been trending in the last decade

Changing City · #**19263** Posted **May 28, 2026, 8:28 PM**

Quote:

Originally Posted by kikin

walked by the boarded up 7-11 on Dunsmuir today and it really hit home, sad to see things going backwards in this city and thinking how a different governmental philosophy in general would see things so much better here than they have been trending in the last decade

Government isn't responsible for 7-11 closing on Dunsmuir. "7-Eleven's North American operator plans to close 645 stores in the 2026 fiscal year" - that's in the US and Canada. They're also closing 350 stores in Japan, 18 in Australia, 30 in Beijing, China, 25 in Tianjin, China and 10 in Chengdu, China.

Across the 86,000 stores the company still operates around the world "Seven & i expects its revenue to fall 9.4 per cent for the current fiscal year". The closures mark the fifth year in a row when 7-Eleven shuttered more stores than it opened.

Last year, North America revenues were down 10% to $50 billion and operating income took an even steeper dive, down over 20% to $1.4 billion. They're trying to get the business into better financial shape to list it on the stock market, so closing anything under-performing.

SFUVancouver · #**19264** Posted **May 28, 2026, 8:59 PM**

Quote:

Originally Posted by Changing City

Government isn't responsible for 7-11 closing on Dunsmuir. "7-Eleven's North American operator plans to close 645 stores in the 2026 fiscal year" - that's in the US and Canada. They're also closing 350 stores in Japan, 18 in Australia, 30 in Beijing, China, 25 in Tianjin, China and 10 in Chengdu, China.

Across the 86,000 stores the company still operates around the world "Seven & i expects its revenue to fall 9.4 per cent for the current fiscal year". The closures mark the fifth year in a row when 7-Eleven shuttered more stores than it opened.

Last year, North America revenues were down 10% to $50 billion and operating income took an even steeper dive, down over 20% to $1.4 billion. They're trying to get the business into better financial shape to list it on the stock market, so closing anything under-performing.

Interesting that Couche-Tard was rebuffed when it tried to acquire 7-Eleven, considering it seems to be in some financial trouble.

kikin · #**19265** Posted **May 28, 2026, 10:23 PM**

Quote:

Originally Posted by Changing City

Government isn't responsible for 7-11 closing on Dunsmuir. "7-Eleven's North American operator plans to close 645 stores in the 2026 fiscal year" - that's in the US and Canada. They're also closing 350 stores in Japan, 18 in Australia, 30 in Beijing, China, 25 in Tianjin, China and 10 in Chengdu, China.

Across the 86,000 stores the company still operates around the world "Seven & i expects its revenue to fall 9.4 per cent for the current fiscal year". The closures mark the fifth year in a row when 7-Eleven shuttered more stores than it opened.

Last year, North America revenues were down 10% to $50 billion and operating income took an even steeper dive, down over 20% to $1.4 billion. They're trying to get the business into better financial shape to list it on the stock market, so closing anything under-performing.

being one of the 645 out of 85,000 certainly points to there being a problem which is definitely the fault of governments, federal and provincial, if it were a profitable location without extreme shoplifting problems and disorder around scaring customers away it wouldn't be closing

Glow Fun City · #**19266** Posted **May 28, 2026, 10:29 PM**

Quote:

Originally Posted by kikin

walked by the boarded up 7-11 on Dunsmuir today and it really hit home, sad to see things going backwards in this city and thinking how a different governmental philosophy in general would see things so much better here than they have been trending in the last decade

I'm more sad about the Railway Club remaining closed than a 7-Eleven…

SpongeG · #**19267** Posted **May 28, 2026, 11:52 PM**

7-11 is so expensive now, I think they have priced any size Slurpee at the same price of $2.50? Seems like a dumb idea to me.

Has Ferragamo on Robson closed now? anyone know?

Changing City · #**19268** Posted **May 29, 2026, 12:59 AM**

Quote:

Originally Posted by kikin

being one of the 645 out of 85,000 certainly points to there being a problem which is definitely the fault of governments, federal and provincial, if it were a profitable location without extreme shoplifting problems and disorder around scaring customers away it wouldn't be closing

It's not 645 out of 85,000, it's 645 out of 12,000 (in North America). The company also closed the store across the street from Kensington Park at 33rd Avenue and Knight Street. Last year they closed one on the corner of Kingsway and Royal Oak in Burnaby, and the year before at Canada Way and Edmonds Street, also in Burnaby. The company have been closing stores across the Lower Mainland.

whatnext · #**19269** Posted **May 29, 2026, 3:36 AM**

Quote:

Originally Posted by Glow Fun City

I'm more sad about the Railway Club remaining closed than a 7-Eleven…

Agreed. If anything neighbourhoods should celebrate the closing of them as they are disorder magnets. I’m not sure why Daily Hive goes on wailing-fest every time one closes. Circle K seems much better merchandised and run.

jollyburger · #**19270** Posted **May 29, 2026, 4:33 AM**

Quote:

Originally Posted by SpongeG

7-11 is so expensive now, I think they have priced any size Slurpee at the same price of $2.50? Seems like a dumb idea to me.

Has Ferragamo on Robson closed now? anyone know?

It says permanently closed on Google Maps. Reliance is leasing it out but I guess their hotel could happen at any time...

https://relianceproperties.ca/units-for-lease/918-robson-st/

Changing City · #**19271** Posted **May 29, 2026, 4:44 AM**

Quote:

Originally Posted by jollyburger

It says permanently closed on Google Maps. Reliance is leasing it out but I guess their hotel could happen at any time...

https://relianceproperties.ca/units-for-lease/918-robson-st/

It could be a while before there's a market for 176 strata units Downtown. They could 'do a Wall' and lease them out, but the economics of the project would be a bit different. The proposal hasn't been rezoned yet, so that's also a factor.

SpongeG · #**19272** Posted **May 29, 2026, 6:10 AM**

Quote:

Originally Posted by jollyburger

It says permanently closed on Google Maps. Reliance is leasing it out but I guess their hotel could happen at any time...

https://relianceproperties.ca/units-for-lease/918-robson-st/

ok thanks, I imagine they will do better now in Oakridge, from numerous videos I've watched this evening, you could see shoppers inside their store, I don't really remember their Robson store had people other than staff inside.

officedweller · #**19273** Posted **May 29, 2026, 8:16 AM**

Quote:

Originally Posted by SpongeG

ok thanks, I imagine they will do better now in Oakridge, from numerous videos I've watched this evening, you could see shoppers inside their store, I don't really remember their Robson store had people other than staff inside.

I noticed in one video that there was no one in the Coach store - too down market?

london91 · #**19274** Posted **May 29, 2026, 4:02 PM**

Quote:

Originally Posted by officedweller

I noticed in one video that there was no one in the Coach store - too down market?

Coach is like "affordable luxury" (its also not that cheap)

Someone may want a Chanel/LV bag but can't afford it yet - so they get a Coach and keep saving/working hard...

one day - they return and buy their dream bag

jollyburger · #**19275** Posted **May 30, 2026, 5:48 AM**

Dressew on West Hastings is closing/sold their building. Closes in 2027

https://vancouversun.com/life/fashion-be...ore-dressew-supply-will-be-sorely-missed

kikin · #**19276** Posted **Yesterday, 6:41 PM**

Quote:

Originally Posted by jollyburger

Dressew on West Hastings is closing/sold their building. Closes in 2027

https://vancouversun.com/life/fashion-be...ore-dressew-supply-will-be-sorely-missed

“We do hope to continue Dressew in one form or another, and we will share any updates when we have them."

I guess the tough part is their current location is huge and probably very cheap rent.

jollyburger · #**19277** Posted **Yesterday, 9:14 PM**

Quote:

Originally Posted by officedweller

I noticed in one video that there was no one in the Coach store - too down market?

They're actually doing pretty well recently.

Quote:

Tapestry raised its annual earnings targets on Thursday for a second time after strong demand for its Tabby handbags helped the affordable luxury retailer comfortably beat holiday-quarter estimates.

Shares of the company rose ⁠about 5 percent before the bell.

Affluent Gen Z customers have been snapping up Tabby handbags, priced between $295 and $725, ⁠boosting sales for the company’s Coach brand when rivals such as Michael Kors have struggled to attract discerning shoppers.

Coach revenue surged 25 percent to $2.14 billion in the second quarter, beating estimates of a growth of 14.5 percent, according to data compiled by LSEG.

https://www.businessoffashion.com/news/l...out-holiday-quarter-for-parent-tapestry/

whatnext · #**19278** Posted **Yesterday, 9:23 PM**

Quote:

Originally Posted by kikin

“We do hope to continue Dressew in one form or another, and we will share any updates when we have them."

I guess the tough part is their current location is huge and probably very cheap rent.

One wonders who bought it. Condos in that area...

Changing City · #**19279** Posted **Yesterday, 9:49 PM**

Quote:

Originally Posted by kikin

“We do hope to continue Dressew in one form or another, and we will share any updates when we have them."

I guess the tough part is their current location is huge and probably very cheap rent.

No rent. They just sold the building.

officedweller · #**19280** Posted **Today, 1:44 AM**

Quote:

Originally Posted by whatnext

One wonders who bought it. Condos in that area...

Pod hotel?