[Moncton] Retail Thread

[habs33]

Well this is interesting.

Cabela’s Announces Plans for Moncton, New Brunswick, Canada, Store
http://www.businesswire.com/news/home/20...ces-Plans-Moncton-Brunswick-Canada-Store

[gehrhardt]

Originally Posted by habs33

Well this is interesting.

Cabela’s Announces Plans for Moncton, New Brunswick, Canada, Store
http://www.businesswire.com/news/home/20...ces-Plans-Moncton-Brunswick-Canada-Store

Oh man, between this and Bass Pro Shops, I'm going to go bankrupt.

[MonctonRad]

Holy shit!!!!

For those who don't like clicking on links.......

SIDNEY, Neb.--(BUSINESS WIRE)--Cabela’s Incorporated (NYSE:CAB) announced today plans to bring the unique Cabela’s retail experience to customers in Moncton, New Brunswick, and the surrounding area.

“Thousands of outdoorsmen and women across New Brunswick have supported Cabela’s through our catalogues and website for many, many years”

The 50,000-square-foot store is scheduled to open in 2015 and will employ approximately 140 full-time, part-time and seasonal employees. Most will come from Moncton and the surrounding area.

The store will be located in a new development being developed by Cordova Realty near the intersection of the Mapleton Parkway and Trans-Canada Highway. It will be Cabela’s first location in the greater Atlantic Canada area.

“Thousands of outdoorsmen and women across New Brunswick have supported Cabela’s through our catalogues and website for many, many years,” said Tommy Millner, Cabela’s Chief Executive Officer. “To finally bring those loyal customers the extraordinary Cabela’s retail experience is gratifying and speaks to how we feel about Atlantic Canada.”

In addition to thousands of quality outdoor products, the store will include a mountain replica, museum-quality wildlife displays and an indoor archery range, among other unique features.

Cabela's Incorporated, the World's Foremost Outfitter® of hunting, fishing and outdoor gear, established Cabela’s Canada in 2007 with a retail store and headquarters for Canadian operations in Winnipeg, Manitoba.

Cabela’s stores showcase thousands of products, including hunting, fishing, camping, hiking, boating and wildlife-watching gear, as well as clothing and outdoor-themed gifts and furnishings. The company is famous for its strong brand and world-renowned reputation for delivering quality merchandise, value and legendary customer service.

Currently, Cabela’s operates 50 stores across North America, including four in Canada – Saskatoon and Regina, Saskatchewan; Edmonton, Alberta; and Winnipeg. The company has announced plans to open an additional 18 locations across North America over the next two years, including a second Edmonton location in spring 2014; a Barrie, Ontario, location in summer 2014; and a Nanaimo, British Columbia, location in fall of 2014.

So, it is Cabela's that is moving into Mapleton Crossing then. I guess that the Elmwood Drive location is still in play for Bass Pro Shops then.

I can't believe Moncton is getting both of them!!!

This also means that Whaler was right all along.

[icetea93]

I'm shocked! It's hard to believe both companies believe in Moncton so much that they are both opening there. This is unprecedented for such a small city. Though, people from all over the Maritimes will occasionally stop in I'm sure. Moncton has suddenly become the outdoorsman shopping destination of the Maritimes for sure!

[mmmatt]

WOWWWWW!!!

This is amazing news!! This will up the retail ante around here for sure! As I said before we have slowly seen a loss of "signature" unique stores like Costco and Princess auto.

Both these stores are far beyond the power of a Princess Auto in terms of "destination stores"

We already made the map for both stores!

http://www.cabelas.ca/find-a-store

http://www.basspro.com/webapp/wcs/stores...Id=10151&catalogId=10051&langId=-1&tab=3

This means Moncton will be the only Canadian market with both Bass Pro and Cabellas......big win for the city!

[Monctoncore]

This is awesome news! I think that this is a huge boost of confidence for the Moncton Retail sector. Proves that anything is possible!

[OUIR@random]

This is indeed amazing! Cabela's is so popular and will be a hit, hopefully the prices won't be jacked-up too much (C$ vs US$). This will bring so many people from all around Atlantic Canada! I also believe that people around here are much more familiar with Cabela's than BPS, lots of people already go to the one in Scarborough, ME. The Moncton location will be 50 000 ft2, on par with other Canadian locations which are around 50 000-70 000 ft2. Canadian locations are significantly smaller than their US counterparts, the one in Maine is 130 000 ft2 and a location is Texas is over 230 000 ft2!

Is it me or is this announcement more substantial than the one from Bass Pro Shops? At least they have more information regarding the location, size of store, staff and opening date.

[mmmatt]

Originally Posted by OUIR@random

Is it me or is this announcement more substantial than the one from Bass Pro Shops? At least they have more information regarding the location, size of store, staff and opening date.

The only extra thing the Cabelas announcement has is the location.

BPS said 110,000 sq ft. and included a rendering:

http://www.basspro.com/webapp/wcs/stores...gId=10051&langId=-1&appID=94&storeID=101

[q12]

Originally Posted by mmmatt

This means Moncton will be the only Canadian market with both Bass Pro and Cabellas......big win for the city!

I know the kool-aid drinkers that can never see through the hype in Moncton will get all pissy with this comment. Am I the only one wondering how there is a large enough market in Moncton or even the Maritimes to support two of these outdoor stores that sell the same stuff.

Something fishy is still going on in regards to dual announcements about their stores. Why would retailers let competitors know about their plans this early? Unless its a retailer that has a record of asking for taxpayer assistance in the past?

I believe the Cabela's announcement is more legit than the Bass Pro Shops one since they have a history of making announcements and never building anything.

[Berge]

Originally Posted by MonctonRad

If Costco were building a new store, their current location would be a good one for Bass Pro to consider because (1) - both stores are roughly the same size and (2) - the Current Costco location is already part of a large and successful power centre development.

I just can't see this happening though. The rumour is that Costco has already secured land elsewhere in the event they ever do want to build a replacement store. The time frame however just isn't there to allow Costco to build anew, vacate their current site, and for Bass Pro to demolish the old Costco and rebuild a new store and all meet a spring 2015 deadline. I just don't see how this is possible.

My choices for the Bass Pro location are (in descending order).

1 - Elmwood/TCH interchange (northwest corner)
2 - Mapleton/TCH interchange (southwest corner aka Mapleton Crossing)
3 - Harrisville/Rte 15 interchange (either northeast corner or northwest corner)
4 - Harrisville/TCH interchange (southeast corner, between the TCH and the CN mainline).

My money is on the Elmwood Drive site. They are clearing way too much land here than they need for just a Home Hardware store and a grocery store. If Bass Pro comes here too, then I think we could be looking at a whole new power centre area for greater Moncton. Other retailers will likely want in too.

One has to remember that Bass Pro Shops is a true destination retailer (just like LL Bean is) and therefore could be a magnet for additional (hopefully new to market) retailers. In particular, I could absolutely see one of the Tanger Outlet Centre locations setting up next to, or in close proximity to a Bass Pro Shops. That would be a perfect fit since both of these would be destination retail developments.

EDIT:

Further to the above about the Tanger Outlet Centres, here is a link to a blog from the Wall Street Journal about Tanger's expansion plans into Canada.
http://blogs.wsj.com/canadarealtime/2013...mall-giant-eyeing-markets-across-canada/

They mention they are planning on opening about 10 outlet centres in the country over the next decade, concentrating on the largest markets. That doesn't sound too hopeful for us but, if they were planning on opening an outlet centre in the Maritimes, I think we would be one of the two markets that they would consider. It is interesting to note that their Canadian partner is RioCan (which owns the Wheeler Park Power Centre), so they should be familiar with the Moncton market. Also, as I mentioned above, locating next to an established destination retailer like Bass Pro Shops would likely also be factored into any decision about where they should set up. I'm actually more excited about Moncton's chances for a Tanger Outlet Centre now than I was before.......

I believe that RioCan has sold the Wheeler Park to CREIT:

http://www.creit.ca/Leasing-Portfolio/CREIT-Properties/Atlantic-(ATL)/Wheeler-Park-PC-I.aspx

This has been the case for at lease three months, CREIT is also on the sign coming into the power center. This would mean that RioCan does not currently have any property in Moncton.

[MonctonRad]

Originally Posted by Berge

I believe that RioCan has sold the Wheeler Park to CREIT:

http://www.creit.ca/Leasing-Portfolio/CREIT-Properties/Atlantic-(ATL)/Wheeler-Park-PC-I.aspx

This has been the case for at lease three months, CREIT is also on the sign coming into the power center. This would mean that RioCan does not currently have any property in Moncton.

Welcome to the forums Berge!

Thanks for the info.

Even if RioCan no longer owns Wheeler Park, that doesn't take away from the fact that they would be well acquainted with the Moncton market, and thus might still be favourably inclined to consider Moncton as a location for one of the Tanger factory outlet malls.

I am by no means saying that Tanger is definitely considering Moncton. In fact, it is not entirely certain that they are even considering a location in Atlantic Canada. if they were however, I think the two most obvious choices would be Moncton or Halifax. The recent announcements of new destination retailers like Cabela's and Bass Pro Shops should play into Moncton's favour as a Tanger outlet mall is also a destination retailer……..

[MonctonRad]

Target is open!

They had a soft opening this evening that I happened to come across as I was driving home. I dropped in to have a look around. The store is very nice, and certainly a step up from Walmart or Zellers. Some of the shelves were a little sparsely stocked, which speaks to the inventory problems we have been hearing about, but there was a nice selection of familiar brands and new-to-market items that will be interesting to try out.

The store was brightly lit and nicely laid out. I was impressed at how acoustically quiet the store was, despite being very busy. It is little extra touches like this which will make me a fan.

Also, with the new Target, Moncton now officially has Five Starbucks outlets….

[OUIR@random]

Hello Target! Bye-Bye Walmart!

Regardless of the inventory problems (this will level off with time), higher prices than in the US (everything here is pricier than in the US) it is not a Target issue. They price match and you get another 5% if you use their cc or debit card. There's no reason to go to Walmart.

It is important to remember that Target is very generous, it is one of the most philanthropic company in America with 5% off it's pre-tax profit being donated each year, it's been like so since 1946; schools, hospitals, food banks, Goodwill and more. This corporate policy will continue in Canada.

[OUIR@random]

Originally Posted by q12

I know the kool-aid drinkers that can never see through the hype in Moncton will get all pissy with this comment. Am I the only one wondering how there is a large enough market in Moncton or even the Maritimes to support two of these outdoor stores that sell the same stuff.

Something fishy is still going on in regards to dual announcements about their stores. Why would retailers let competitors know about their plans this early? Unless its a retailer that has a record of asking for taxpayer assistance in the past?

I believe the Cabela's announcement is more legit than the Bass Pro Shops one since they have a history of making announcements and never building anything.

I'll second that, I also mentioned this ''doubt'' a few posts above.

[OUIR@random]

Originally Posted by mmmatt

The only extra thing the Cabelas announcement has is the location.

BPS said 110,000 sq ft. and included a rendering:

http://www.basspro.com/webapp/wcs/stores...gId=10051&langId=-1&appID=94&storeID=101

That's a very generic picture if you ask me...

[mmmatt]

Originally Posted by q12

Am I the only one wondering how there is a large enough market in Moncton or even the Maritimes to support two of these outdoor stores that sell the same stuff.

I'm not sure either but I do know us city folk often forget the vast rural population we have here in the maritimes. Being the most "backwoods" part of the country is a good thing in this case

[MonctonRad]

Originally Posted by q12

I know the kool-aid drinkers that can never see through the hype in Moncton will get all pissy with this comment. Am I the only one wondering how there is a large enough market in Moncton or even the Maritimes to support two of these outdoor stores that sell the same stuff.

In the interests of inter-urban harmony and general peace and fellowship amongst all Atlantic Canadian brethren, I will not respond to q12's comments regarding "Moncton kool-aid drinkers"

If I were to read between the lines, I would say that both Bass Pro and Cabela's are interested in the Moncton market. Moncton is central, especially to the non-urban areas of the region, and would be a natural place for retailers such as this to set up.

I think Cabela's plans are better formulated. They have a proposed building site, a committed developer and have a plan which was passed at the Moncton PAC. I think they are further ahead in the process than Bass Pro Shops but Bass Pro somehow caught wind of Cabela's plans and they decided to steal Cabela's thunder by announcing their own store first.

I think we may see both retailers opening in Moncton in 2015 as announced. There are reasons why two similar retailers like this might consider opening in the same community.

These are both destination retailers. If someone is going to drive two hours to go to Cabela's for a special shopping trip, might it not make sense for a second similar store to open next door? You might in fact entice even more people to make the trip, especially for the chance to do some comparison shopping. If on the other hand Cabela's opened in Moncton and Bass Pro opened in (for example) Fredericton, you would be splitting the retail tourism market, with people going to either Bass Pro or Cabela's but not both. By being in the same city, you are much more likely for customers to frequents both stores at the same time.

I think both stores in Moncton in 2015 is a definite possibility and likely will happen…...

[emad]

Originally Posted by Berge

I believe that RioCan has sold the Wheeler Park to CREIT:

http://www.creit.ca/Leasing-Portfolio/CREIT-Properties/Atlantic-(ATL)/Wheeler-Park-PC-I.aspx

This has been the case for at lease three months, CREIT is also on the sign coming into the power center. This would mean that RioCan does not currently have any property in Moncton.

Looking at the site plan (http://www.creit.ca/creit/medialibrary/C...itePlans/bu_15601(siteplan).pdf?ext=.pdf) I noticed that the current Reitman's is listed as a Dollarama (coming soon). So I guess the Reitman's is moving out and Dollarama is moving in.

[MonctonRad]

Originally Posted by emad

Looking at the site plan (http://www.creit.ca/creit/medialibrary/C...itePlans/bu_15601(siteplan).pdf?ext=.pdf) I noticed that the current Reitman's is listed as a Dollarama (coming soon). So I guess the Reitman's is moving out and Dollarama is moving in.

The rumour is that Reitman's is moving over to that last vacant unit in the Northwest Centre, presumably to take advantage of being near Target and Marshall's.

Marshall's may open by March BTW.

[OUIR@random]

Originally Posted by MonctonRad

The rumour is that Reitman's is moving over to that last vacant unit in the Northwest Centre, presumably to take advantage of being near Target and Marshall's.

Marshall's may open by March BTW.

It's strange that they are waiting all these months when the store (Marshalls) is currently ready and has been for a while.

As for Target; my wife and her sister went there this morning and the place was a madhouse, it was well over 30 minutes to pay.