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Originally Posted by esquire
-A restaurant called Planit is opening next to Dollarama on Portage, presumably this must be part of some sort of accountant-designed scheme to incur losses deliberately because who the hell else would start yet another restaurant where so many have failed before?
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The space definitely has a second floor but I have not seen it in use over the many different tenants and many years. I think the second floor might actually house the kitchen. That said, at some point someone will launch a successful concept in the space. I heard that around five years ago the people that were leasing it had a reasonable profitable operation handling airline catering of some sort. It was to the point though they rarely had the dining room open, by why open that if that side of things is causing expenses not covered by revenue, ie no need for servers.
Quote:
Originally Posted by esquire
-That basically leaves Portage Avenue with what, four or five mainstream standalone retailers, excluding the ones in malls? (MEC, Dollarama, Jets Gear, Hakim Optical, The Bay... am I missing any?) Probably fewer left on that stretch than at any time since the mid to late 1800s.
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Don's Photo is a very significant one. There is also the comic/card store just west of MTS Centre. I thought there was a dollar store (Dollar Tree?) moving in just east of MTS Centre too. There are also a reasonable mix of restaurants and banks with store fronts on Portage Ave too.
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In terms of Rona, I am not sure what to make of the franchisees. Most of them are apparently located in Quebec. It is also well documented that the Quebec provincial government stepped in to block the sale of Rona to Lowes several years back. With Lowes renewed push on opening stores in Canada it seems unlikely another buy-out offer is forth coming. I did hear though that Rona is looking at smaller store formats and if Gimli is any indication they might not be too far off the path.
My guess is there are just working to tighten control of their brand to provide more consistent messaging to the consumers. Running a franchise you give up some level of control over your brand.