[Moncton] Retail Thread - Page 124

josh_cat_eyes · #**2461** Posted **Feb 12, 2015, 4:54 PM**

I was told it would be likely between 15,000-5000 sq/ft so next to Ashley would make sense. My guess was Champlain but we'll see. You'd think they'd want to be in the North End more.

micks5477 · #**2462** Posted **Feb 15, 2015, 5:37 AM**

Princess Auto has sale signs up for fixtures, equipment, etc.. The manager there told me they are moving on March 15th.

Also, Maritime Beauty has moved next to Global Pet into 1049 Mountain Road.

Steelcowboy · #**2463** Posted **Feb 16, 2015, 7:20 PM**

Quote:

Originally Posted by micks5477

Princess Auto has sale signs up for fixtures, equipment, etc.. The manager there told me they are moving on March 15th.

Also, Maritime Beauty has moved next to Global Pet into 1049 Mountain Road.

Will the former Ponderosa store close and possibly reopen as a restaurant? I miss Ponderosa

MonctonRad · #**2464** Posted **Feb 17, 2015, 2:41 PM**

Quote:

Originally Posted by micks5477

There is a job listing on indeed.com for the new Party City store in Moncton. I am thinking next to Ashley Furniture in Mapleton Crossing would be a good place for it or in the Phase 2 on Champlain Street in the same plaza as Mary Browns Chicken.

http://jobview.monster.ca/Store-Manager-...42240.aspx?WT.mc_n=Indeed_CA&from=indeed

It's in the T&T today that Party City will be opening in unit B6 in the Mapleton Centre on March 9th.

I presume that B6 is located in "Building B", and as such, this means that it will be occupying the last vacancy in that building next to the Ashley Furniture store.

The tenants of Building B therefore will be:
- PetSmart
- Bed, Bath & Beyond
- Ashley Furniture Home Store
- Party City.

Not a bad line-up really. All in all this means that there are only three retail vacancies left at the Mapleton Centre (and two vacant standalone pads). It's taken a while, but this retail development now seems to be on a sound footing.

MonctonRad · #**2465** Posted **Feb 17, 2015, 2:45 PM**

Quote:

Originally Posted by micks5477

Maritime Beauty has moved next to Global Pet into 1049 Mountain Road.

This is probably a better location for them.

It will be interesting to see what happens to their former location (the old Ponderosa Restaurant). It is a fire damaged property now, with odd styling for any type of a retail business. I think it will be a tough sell (except for maybe a restaurant), and I give it even odds that it might be torn down.

bigrivernb · #**2466** Posted **Feb 17, 2015, 10:47 PM**

Champlain place news: Coach has closed, store signage has been removed, windows are covered up.

OUIR@random · #**2467** Posted **Feb 17, 2015, 10:58 PM**

Coach announced late last year that it was closing its underperforming stores, I guess Champlain was one of them. I'm not surprised, there was hardly anyone there ever. People buying this brand in this area, buy online or at their outlet locations in Maine...
Honestly, there's so many stores at Champlain that are always empty, I really wonder how they can stay open, it won't be the last one this year.

emad · #**2468** Posted **Feb 18, 2015, 2:32 AM**

Quote:

Originally Posted by OUIR@random

Coach announced late last year that it was closing its underperforming stores, I guess Champlain was one of them. I'm not surprised, there was hardly anyone there ever. People buying this brand in this area, buy online or at their outlet locations in Maine...
Honestly, there's so many stores at Champlain that are always empty, I really wonder how they can stay open, it won't be the last one this year.

Well next one might be Coach's neighbour Bikini Village... It was in the news today that they were in difficulty

micks5477 · #**2469** Posted **Feb 18, 2015, 4:36 AM**

Sensation Intimates is opening in the new building across from NBCC on Mountain Road. I think the address is 1231 Mountain Road. They now have the sign up on the building.

MonctonRad · #**2470** Posted **Feb 18, 2015, 2:36 PM**

Quote:

Originally Posted by emad

Well next one might be Coach's neighbour Bikini Village... It was in the news today that they were in difficulty

Indeed, Bikini Village have filed for bankruptcy protection. This seems to have been a hard season for a number of retailers nationwide. There has been more bad news than good for the last month or so......

As for Coach at Champlain, I must admit that I am not overly surprised either. Of all the higher end chains that have opened up at the mall over the last several years, Coach always seemed to be the biggest outlier.

Usually when a store goes 🞵🞵🞵🞵 up at Champlain, it's because the entire chain has gone bankrupt (like Mexx). In this case, while Coach as a chain is in trouble, they have decided to close under performing stores rather than hanging on too late to save the entire chain. We'll see if this strategy is successful for them. Coach is losing money after over expanding, and the writing may be on the wall for this chain as well. Probably the best outcome for Coach would be if it retreats to being a fashionista hotspot in the uber regional centres (like Yorkdale and the Eaton Centre), with a smattering of factory outlet stores. This is how they started, perhaps they should return to their roots.......

SaintJohner · #**2471** Posted **Feb 19, 2015, 2:14 PM**

Is anyone not worried that Champlain mall will soon have 4 or 5 vacant small shops, then if Sears and Sobeys leave thats a big chunk of spaces to fill up.

MonctonRad · #**2472** Posted **Feb 19, 2015, 2:40 PM**

Quote:

Originally Posted by SaintJohner

Is anyone not worried that Champlain mall will soon have 4 or 5 vacant small shops, then if Sears and Sobeys leave thats a big chunk of spaces to fill up.

The only concern is if Cadillac Fairview is being overly ambitious in it's plans for Champlain Place.

I think if Sobeys leaves (which is the rumour), that there will be a mall expansion in that area of the shopping centre, perhaps anchored by Forever 21 (which is in an aggressive expansion mode) or possibly the Bay (also doing very well, and rumoured to be wanting to return to the metro Moncton market).

Sears might be safe. At least, the retail industry websites don't seem to be talking about Sears in the same funereal tones as they did a few months ago. I think if Sears survives in some form, that they will attempt to keep their three stores in NB. New Brunswick is the sort of market where I think Sears could survive - medium sized cities too small for stores like Nordstroms or Saks, but large enough that they deserve more than Wal Mart or Giant Tiger. If Sears does collapse however, then I think the Bay will move in to fill the void.

The smaller stores are more of a problem. CF has gone out of their way to boot local retailers out of the mall in order to bring in international chains to whom they can charge higher rents. Is this a wise move in the Moncton market? Time will tell. I don't think the closure of the Coach store at the mall is really too much to worry about (yet). The other closures at the mall have all been because the entire chains have gone bankrupt, so again this doesn't really reflect on the quality of the local market. It will be interesting to see how easily CF is able to replace these retailers. If these storefronts remain vacant for a year or more then this could spell trouble for their strategy.........

Taeolas · #**2473** Posted **Feb 19, 2015, 3:01 PM**

This is the time of year that malls seem to see store turnover anyway, so having some empty spots now isn't as big a deal. Come summer, if there isn't any news, then it might be cause to have some concern.

Still, if CF is looking towards Sobeys pulling out and are starting to sketch some expansion plans, they might not mind those empty slots for now, and will look to consolidate them and move stores around (with the carrot of the new space in the expansion) once things look more solid.

MonctonRad · #**2474** Posted **Feb 21, 2015, 3:57 PM**

There are job adverts on Indeed.com for Spencer's Gifts in Moncton.

http://ca.indeed.com/cmp/spencergifts/jobs/Assistant-Manager-655ed8f490dc5096

If you go to their website, they list a store in Moncton, which is also an indication they plan on opening sometime soon.

http://checkout.spencersonline.com/StoreLocation.aspx

Spencer's is a novelty type store, very similar to what the "It Store" used to be like. They already have stores at the Halifax Shopping Centre and Mic Mac Mall. I presume they will be filling up one of the vacancies in Champlain Place.......

stephan.richard · #**2475** Posted **Feb 23, 2015, 2:46 PM**

Quote:

Originally Posted by MonctonRad

There are job adverts on Indeed.com for Spencer's Gifts in Moncton.

http://ca.indeed.com/cmp/spencergifts/jobs/Assistant-Manager-655ed8f490dc5096

If you go to their website, they list a store in Moncton, which is also an indication they plan on opening sometime soon.

http://checkout.spencersonline.com/StoreLocation.aspx

Spencer's is a novelty type store, very similar to what the "It Store" used to be like. They already have stores at the Halifax Shopping Centre and Mic Mac Mall. I presume they will be filling up one of the vacancies in Champlain Place.......

Spencers will be a welcome addition to the area and it will be nice to see a IT store type store back at the mall.

With the impending move of Sobeys out of the mall it will change the dynamic from that end of the mall depending on who will come in and fill the void. I am Hoping it will be Forever 21 and a few premier stores like Holliser, Abercombie&Fitch, And where Ardene's is at the mall I can see a possible store like Journey's fill in that spot.

Colouratura · #**2476** Posted **Feb 24, 2015, 5:29 AM**

Quote:

Originally Posted by stephan.richard

Spencers will be a welcome addition to the area and it will be nice to see a IT store type store back at the mall.

With the impending move of Sobeys out of the mall it will change the dynamic from that end of the mall depending on who will come in and fill the void. I am Hoping it will be Forever 21 and a few premier stores like Holliser, Abercombie&Fitch, And where Ardene's is at the mall I can see a possible store like Journey's fill in that spot.

Is Ardene closing?

Spencers - It will be nice to have a store again that isn't clothing and has fun gift items.