Quote:
Originally Posted by TheGoods
It seems that the size of 75k is too small for the new Holts concept, they are in the range of 120k +. I also doubt we will ever see a Holts back in Ottawa with Nordstrom being here even though Nordstrom is a step below Holts, not sure if the market can handle two stores but I’m not a retail expert.
Kevin, based on your short time at Nordstrom, do you think Ottawa can handle another high end retailer?
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I was thinking the full 115,000 sq ft for a Holt Renfrew.
I'm no retail expert, but with a Nordstrom, Simons, Harry Rosen, and a renovated and more upper scale Hudson's Bay, that's a lot. I was at Nordstrom during the slowest time on the retail calendar so I'm not sure. People were definitely excited. For every "this place is too expensive" we received an "Ottawa really needs this". There are some labels that Nordstrom doesn't carry yet so there could be room for another retailer to come in. People were asking for Armani and Versace which we didn't carry yet. There are definitely some people in Ottawa looking for something even higher end than what Nordstrom is carrying right now, but Nordstrom could go even higher end if they wanted to in the snap of a finger so I'm not sure other retailers would want to compete with them.