Interesting developments in the grocery store business is making me rethink the possible grocery store being located at Centre Mall. Redcliff has been coy about the grocery retailer that will locate in the spot here, and a lot of us (myself included) assumed it was a Real Canadian Superstore going here. However, this was never really confirmed. I was also wondering how (and why) they could manage an end-run around Metro, which owns the Centre Mall location of The Barn (including the actual real estate). Also, at 105,000 square feet, the grocery store site at Centre Mall is half the size of the latest RCSS format.
Yesterday, Metro announced it was abandoning the Loeb's, A&P, Dominion and The Barn brands in Ontario, and is rebranding them all under their flagship brand, Metro (the rebranding work has already started on the Upper James location of The Barn). I now believe that the grocery store remaining at Centre Mall will actually be a Metro Plus. Of course, this is pure speculation, but this scenario makes much more sense than Metro selling out a prime spot in a high-profile retail area, freeing it up for a competitor's flagship concept to move in. At any rate, Redcliffe should be announcing the remaining major tenants later this month.
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"A government that robs Peter to pay Paul can always depend on the support of Paul"
-George Bernard Shaw
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