Quote:
Originally Posted by vjose32
Anyone think Walmart might leave St V for Southdale now?
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Short of being able to open their Supercenter format across the street or the mall effectively evicting them there is zero change Wal-Mart leaves their extremely high profile location in St Vital. The distance, both visible and physically, of Southdale from St Vital Centre was an added challenge for that specific Target.
Quote:
Originally Posted by cllew
Wasn't Wal-mart suppose to be going in the new development to the east of Southdale on Fermor @ Plessis Rd.
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Wal-Mart changing the location of a planned store when a challenge or opportunity comes up is nothing new in Winnipeg. The current McPhillips store was publically announced for McPhillips and Murrary before being built at its current location.
Quote:
Originally Posted by SpongeG
wasn't target still working on a winnipeg store? or did it recently open?
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The Polo Park Target store opened in October 2014 and was the province's only newly built location. The other four were renovations. It was thought that Target was to be a lead anchor for Westport Festival (Portage and the Perimeter) and also looking for a northwest store, possibility the McPhillips and Murrary location that Wal-Mart once was working on.
Quote:
Originally Posted by Riverman
I did a lot of shopping at KP Sears this past season and found it unusually well stocked.
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The issues with Sears are pretty well documented. Lots of store closing in the US and selling off prime locations and owned properties, included KP, in Canada.
Quote:
Originally Posted by Simplicity
Sears is comparatively well-run within the industry, but that's not Stopping JC Penney and others from deep cuts and hundreds of store closings...
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The current executive is using a "competitive" model between their business units. This leads to horrible practices like the benefits to the appliance department being worse when they sell the chains Kenmore line. This is definitely not comparatively well run and actually contributing to the issues they are experiencing.
Quote:
Originally Posted by cllew
How big would a Lowe's be and would they fit the "Style" of malls that Target is departing in Winnipeg?
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Lowe's is a similar sized store to Target. The issue becomes the lumber yard and garden centre. Only the Kildonan Place location would work well for their usual format. If pushed into it Southdale and Polo Park could be made to work. Grant Park is likely a completely non-starter though.
Quote:
Originally Posted by biguc
Speaking of Canadian Tire in malls, I wouldn't mind one of those at Grant Park. They could use a more central location since they closed their greasy Isabel location.
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The sizing of Canadian Tire to the Grant Park Target space is definitely a reasonable fit. The biggest question here is if it would be viewed as too close to the Kenaston store.
Quote:
Originally Posted by vjose32
Bring on Kohls, TJ Maxx, and Macy's now I guess. All 3 can jump in now, would be foolish for anyone to take over 130 stores by themselves.
Apparently Menards wants to come up North as well. Would prefer them over Lowes!
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Macy's is definitely a special case in this scenario. In the states they have grown through acquisitions including the former mid-range stores run by Target under several different banners over the years. That deal just closed ten years ago and likely giving them some informal, friendly level of access to current high level employees over something like golf. Further, Macy's has repeatedly looked at Canada and always said no. The opportunity to take over old Eaton's locations was a far better fit and they passed on that three different times. Based on Target's experience here I would put this as a near zero percent chance of happening now for at least five years.
TJ Maxx is already here as the chain operates the same store under the Winners name in Canada. As they are still actively working on rolling out their Marshalls banner in Canada there is no chance, and no real benefit, to rolling out another banner here.
Menards will have similar issues to Lowe's when considering Target locations. They also would have to setup Canadian operations entirely. With the economic showing signs of a downturn my thinking is they will instead choose to focus on their existing markets.
Kohls is a definite possibility. They have expressed interest in Canada and the dumping of Target leases presents a relatively unique opportunity to establish a wide presence in this market. Having 60,000 to 100,000 sq ft stores is also a reasonable match to the Target sizes. Not having the need for an outside yard like Menards or Lowe's could also work well. They will likely be having some serious discussions around the board room on if this opportunity makes sense for them. The biggest questions would seem to be if their financial position is strong enough and if their supplier agreements would allow them to have a nearly identical product mix in Canada, two lessons to learn from Target.
Quote:
Originally Posted by SpongeG
IKEA announced it will open 10 or more smaller concept stores starting on the west coast by the end of 2015 they plan to have all stores in place...
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My guess is that if Manitoba is seeing any of the smaller IKEA stores east Winnipeg, possibly the Target at Kildonan Place, and Brandon would be the most likely locations. This would allow people to order to store and have it there later that day or the next day based on shipping from the Kenaston mother store.
Quote:
Originally Posted by Simplicity
I hate to even bring it up, but I'm hoping the Office Depot situation in Madison Square isn't instructive in some capacity. There's really nothing that would have stopped a one-off retailer looking for ~20K sq ft from re-purposing that spot, and yet... Same goes for the one of Pembina.
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The Madison Square store dates back over 30 years. When it opened the tracks still existed parallel to St James limiting development along the west side. The tracks are gone and big box stores moved in which was better visibility. With Polo North and now The Plaza (former stadium site) coming on market it seems that location will have a hard time finding a new tenant.
The Pembina Office Depot location has relatively limited parking which could be an issue. The Pembina and Bishop retail node is also running into pressure of being too close to both Kenaston and St Vital. Most retailers tend to open in one or both those locations over Pembina now.
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