Canadian Retail Thread - Page 76

mylesmalley · #**1501** Posted **Jan 22, 2009, 10:08 PM**

Vancouver isn't missing much.

Architype · #**1502** Posted **Jan 22, 2009, 10:53 PM**

Is the new Vancouver Wal Mart close enough to a skytrain station to make it practical?

Coldrsx · #**1503** Posted **Jan 22, 2009, 11:01 PM**

^close enough, but not beside.

someone123 · #**1504** Posted **Jan 23, 2009, 12:55 AM**

Quote:

Originally Posted by Coldrsx

walmart > nothing

Vancouver kinda has other stores.

And I'm not sure what poor people with giant families are doing still living in the city limits when they could sell their $800k shack and move out to Surrey.

trueviking · #**1505** Posted **Jan 23, 2009, 5:20 AM**

has it been mentioned that winnipeg is getting an ikea?....all we need is the jets back and our city will be complete.

Calgarian · #**1506** Posted **Jan 23, 2009, 5:56 AM**

I'm amazed there are no wal-marts in Vancouver, I thought those stores were everywhere. Do you have McDonalds there

Any news on how Future Shop is doing, I believe they are owned by best buy, and I hear Best Buy is in trouble. Circuit city is goin under here, there is a clearance sale at most of their stores, but they are only giving 10% off, not really worth it when the dollar is only at 79 cents US.

SpongeG · #**1507** Posted **Jan 23, 2009, 10:01 AM**

Quote:

Originally Posted by Calgarian

I'm amazed there are no wal-marts in Vancouver, I thought those stores were everywhere. Do you have McDonalds there

Any news on how Future Shop is doing, I believe they are owned by best buy, and I hear Best Buy is in trouble. Circuit city is goin under here, there is a clearance sale at most of their stores, but they are only giving 10% off, not really worth it when the dollar is only at 79 cents US.

Vancouver city council has been very anti-walmart

but there are walmarts in burnaby, north vancouver, new westminster, surrey, langley etc. the suburbs

people would have to drive a long way to get to one

zellers is their "competition" if you can call them that and there is only one store in the city and its usually pretty busy but its awful and ghetto inside one of the swankier malls

not many large discount stores in the city itself

MolsonExport · #**1508** Posted **Jan 24, 2009, 1:42 AM**

Quote:

Originally Posted by SpongeG

other thread is gone

Wal-Mart makes Vancouver foray

From Herald News Services
Published: Wednesday, January 21, 2009

Retail - Wal-Mart plans to open its first Vancouver store today.

The new outlet represents the retailer's long-sought break into the Vancouver market following the very public and political rejection of a proposed development at another location in 2005.

david Cheesewright, who takes over as Ceo of Wal-Mart Canada on Feb. 1, said cracking the Vancouver market has been a tough job, even though Vancouverites make about two million shopping trips per year to its stores just outside the city.

http://www.canada.com/calgaryherald/news...?id=61671c10-4ffa-4ceb-b6a7-57a49b484226

its in an old Costco store - the parking is very small - i can't imagine it will be an easy place to shop

Cheesewrong.

Sorry, Vancouver. Traffic will be horrid at that location (I used to shop at the Price Club/Costco there).

SpongeG · #**1509** Posted **Jan 26, 2009, 9:03 PM**

Home Depot bows out of bid for new location at Queen and Portland

Big-box retailer Home Depot has cancelled its long-held dream of a downtown store - to the delight of some local critics - but talks are already under way for other tenants for the mixed-use development at Queen and Portland streets.

"We determined it was not the right time for us to open," Home Depot manager of public relations Tiziana Baccega said yesterday. "We would have loved to have been there."

Despite Home Depot's pullout, developer RioCan Real Estate Investment is confident construction is on track for a project that features a five-storey residential component over three storeys of retail.

"We should still be able to start by late spring, pending the finalization of leasing we are working on," said Fred Waks, chief operating officer of RioCan, the largest real-estate investment trust in Canada.

"We are very pleasantly surprised as to the amount of interest we have on the site," he said. "There is not a national grocery store that has not contacted us in the last 24 hours."

He confirmed that Home Depot paid $11.5-million to terminate its lease for 75,000 square feet of space.

RioCan already has tenants for about 16,000 square feet, with a major grocery store and other retailers as candidates for the former Home Depot space. Mr. Waks expects to wrap up negotiations with new retail tenants in two to three months.

Tribute Communities, RioCan's partner for the 90-unit condominium, has sold 55 units (or 61 per cent of the project).

An early critic of Home Depot's plans for a downtown spot said yesterday she is "relieved" that a suburban-style home improvement centre is no longer in the works.

"It was the wrong end-user for that neighbourhood," said Kristyn Wong-Tam, who owns XEXE Gallery on nearby Richmond Street and lives in the area. She hopes RioCan will seek out smaller-scale retailers, including a food store and boutique-style tenants.

Councillor Adam Vaughan (Ward 20, Trinity-Spadina), worried about the chilling effects of the downturn, said "construction isn't halted and that is the most critical thing for that stretch of Queen Street."

http://www.theglobeandmail.com/servlet/story/LAC.20090123.HOMEDEPOT23/TPStory/National

Coldrsx · #**1510** Posted **Jan 26, 2009, 9:19 PM**

Quote:

Originally Posted by someone123

Vancouver kinda has other stores.

And I'm not sure what poor people with giant families are doing still living in the city limits when they could sell their $800k shack and move out to Surrey.

yes, that sounds appealing

Nicko999 · #**1511** Posted **Jan 26, 2009, 10:59 PM**

Quote:

Originally Posted by SpongeG

other thread is gone

Wal-Mart makes Vancouver foray

From Herald News Services
Published: Wednesday, January 21, 2009

Retail - Wal-Mart plans to open its first Vancouver store today.

The new outlet represents the retailer's long-sought break into the Vancouver market following the very public and political rejection of a proposed development at another location in 2005.

david Cheesewright, who takes over as Ceo of Wal-Mart Canada on Feb. 1, said cracking the Vancouver market has been a tough job, even though Vancouverites make about two million shopping trips per year to its stores just outside the city.

http://www.canada.com/calgaryherald/news...?id=61671c10-4ffa-4ceb-b6a7-57a49b484226

its in an old Costco store - the parking is very small - i can't imagine it will be an easy place to shop

Vancouver didn't have Wal-Mart before that?

Even small cities in Ontario or Quebec have a Wal-Mart so it's hard to beleive.

Coldrsx · #**1512** Posted **Jan 26, 2009, 11:08 PM**

^some people have values

SpongeG · #**1513** Posted **Jan 26, 2009, 11:10 PM**

the suburbs had walmart but the city itself never did

its been crazy everytime i have passed it - street parking is all there seems to be open

waterloowarrior · #**1514** Posted **Jan 26, 2009, 11:10 PM**

Quote:

Originally Posted by SpongeG

other thread is gone

http://forum.skyscraperpage.com/showthread.php?t=77682&page=75

mods can you merge the threads

kirjtc2 · #**1515** Posted **Jan 26, 2009, 11:16 PM**

Quote:

Originally Posted by Nicko999

Vancouver didn't have Wal-Mart before that?

Even small cities in Ontario or Quebec have a Wal-Mart so it's hard to beleive.

There are small towns (like, 4000 people) in the Maritimes that have a Wal-Mart.

It's the same in the US...Wal-Mart built itself up on the towns, small cities and suburbs but didn't try to crack the big cities until recently.

Jimby · #**1516** Posted **Jan 27, 2009, 1:30 AM**

Ottawa is getting a new IKEA that will be Canada's largest.

SpongeG · #**1517** Posted **Jan 27, 2009, 1:39 AM**

they just said winnipegs was going to be the largest and they are making a larger one?

lol

ErickMontreal · #**1518** Posted **Feb 3, 2009, 12:28 AM**

Montreal : Forever 21 takes flight at Les Ailes
L.A.-based retailer to open here; 'These guys are on fire, they're one of the hottest retail brands in the U.S. right now'

By MIKE KING, The GazetteJanuary 20, 2009
Forever 21 operates this store at the West Edmonton Mall.
Photograph by: BRUCE EDWARDS, CANWEST NEWS SERVICE, The Gazette

Montrealers' sense of style could be the city's saving grace during the current economic crunch, commercial real estate and retail experts suggested yesterday.

Top names in the clothing business have set up shop around town or will be moving here this year.

"Montreal is a very desirable and vibrant city for retailers," Jeff Berkowitz, president of Aurora Realty Consultants Inc., said yesterday. "There's a lot of growth potential despite the economy."

In March, one of Berkowitz's clients, Los Angeles-based Forever 21, is taking possession of the prime Ste. Catherine St. location of the former Archambault music store as well as an adjoining space on the métro level in Complexe Les Ailes.

Johanne Marcotte, general manager of Complexe Les Ailes, confirmed the "excellent news" about Forever 21 and added: "We will help them open as soon as possible."

"These guys are on fire, they're one of the hottest retail brands in the U.S. right now," Berkowitz said of the California company that sells what it advertises as "cheap, fun and fast apparel and accessories aimed at teens and college kids."

Forever 21's 18,000- to 19,000-square-foot Complexe Les Ailes location in the heart of downtown is expected to open in time for this year's back to school rush.

Another store will open in the Champlain Mall in Brossard by the end of the year.

And in the spring of 2010, the company is taking over the three-floor, 30,000-square-foot Gap store location at the corner of Ste. Catherine and de la Montagne, Berkowitz said.

The private retailer operates more than 400 mainly mall-based stores in the United States and Canada, including two existing locations in Ontario and one at the West Edmonton Mall.

He said he puts Forever 21, "one of the top performers in retail the past two years," in the same category as two popular international players that recently arrived here - Zara of Spain and H&M of Sweden.

The three retailers are known for quickly getting inexpensively priced, ripped-from-the-runway fashions on their sales floors.

Gilles Fortin, owner of the Tristan & America chain, said there is "definitely a trend" of all the fashion firms wanting to be in Montreal, especially on Ste. Catherine, which he describes as one of the busiest streets in North America for retail.

"We were about two years behind Toronto (in attracting U.S. fashion retailers) because of certain fears about (French) signage, but with the arrival of Forever 21, the big international players are almost all here now," Fortin said.

Louis Burgos, senior vice-president for Quebec at property management firm Cushman & Wakefield LePage, acknowledged the economy is more stable here than south of the border, adding that "Quebecers have always been very fashion conscious and spend more disposable income on clothes" than elsewhere.

Nathalie Verge, vice-president of operations for the Retail Council of Quebec, said the group's survey found Montrealers spent 9.4 per cent of their disposable income on clothes last year - more than 50 per cent more than the Canadian average per population.

[email protected]

For more information, visit www.forever21.com
© Copyright (c) The Montreal Gazette

SpongeG · #**1519** Posted **Feb 3, 2009, 1:56 AM**

wow thats some big stores

they are nuts down in the states

sort of like H&M - the bigger stores have mens stuff now

ErickMontreal · #**1520** Posted **Feb 3, 2009, 7:59 PM**

Lowe's and Ikea plan more growth in Canada

The Canadian Press
February 3, 2009 at 12:04 PM EST

TORONTO — Ikea and Lowe's are moving ahead with plans to boost their presence in Canada on hopes that a federal tax credit for home improvement projects will send shoppers rushing into their stores.

Furniture and home decor retailer Ikea Canada said Tuesday that it's planning a “major expansion” in Winnipeg and Ottawa, while also rebuilding showrooms in other parts of the country.

The Swedish company didn't say in its announcement how many stores it planned to open or rebuild.

Meanwhile, Lowe's Companies says that three more of its home-improvement stores will be added to its roster in the Toronto area by the end of the second quarter.

The U.S. company opened its first stores in Canada last year, and has 11 existing locations.

The expansion decisions come in the wake of a plan in the proposed federal budget last week which would give Canadians as much as $1,350 in tax relief on home improvement projects.

The renovations must be worth at least $1,000, but not more than $10,000, and must take place between Jan. 27 and Feb. 1, 2010.

“We believe in the vitality of the Canadian market and we have every indication that Canadians are still interested in investing in their homes, particularly with projects like new kitchens,” said Ikea Canada president Kerri Molinaro in a release.