Canadian Retail Thread

[SpongeG]

the article seemed to read to me that unlike the states we will not be buildinng new malls but rather expanding the ones we have

[MolsonExport]

Went to Costco last night. Bought stuff. The cracker barrel was $8.97 for 907 grams. Compare that to $9.89 at Loblaws for 500 grams. I mean, I know it is Costco and all that but wtf???

Sorry Galen Weston. No business from me. I don't care if you are Canadian. Take your 60% markup and shove it where the sun don't shine. Don't worry, you are still a douchebag.

[manny_santos]

Originally Posted by MolsonExport

Went to Costco last night. Bought stuff. The cracker barrel was $8.97 for 907 grams. Compare that to $9.89 at Loblaws for 500 grams. I mean, I know it is Costco and all that but wtf???

Sorry Galen Weston. No business from me. I don't care if you are Canadian. Take your 60% markup and shove it where the sun don't shine. Don't worry, you are still a douchebag.

Yeah...I shop where I can get the best price. I'm thinking of going to Michigan to do some shopping this summer, where prices are more reasonable for clothing than in Southern Ontario. Last summer I went and, among other things, bought a nice pair of running shoes for $45. Same shoes in London, three times the price. Even at the price of gas on the American side, there are still massive savings.

[freeweed]

Originally Posted by manny_santos

Yeah...I shop where I can get the best price. I'm thinking of going to Michigan to do some shopping this summer, where prices are more reasonable for clothing than in Southern Ontario. Last summer I went and, among other things, bought a nice pair of running shoes for $45. Same shoes in London, three times the price. Even at the price of gas on the American side, there are still massive savings.

I'm with you on almost every single consumer product.. except groceries. Grocery shopping to me is all about service (well, the lack of long lines and at least semi-friendly staff), cleanliness, and quality. I can't even set foot in a Stupidstore. I don't care if it was 50% cheaper, I just can't do it.

But for everything else - yeah. The US rocks.

[miketoronto]

I have mixed feelings about the Yorkdale expansion.
Yorkdale is starting to get new stores to the region, when before that would only have happened downtown.
This is now putting downtown Toronto at a loss, as Yorkdale snags the new regional stores, and people just go to Yorkdale instead of coming into the city.
The expansion of the Holt Renfrew is also concerning for this same reason.
If Yorkdale keeps expanding like this and the stores inside them start approaching the size of the downtown stores, than it really is going to make lots of people stop going into the city.
The Holt Renfrew downtown will still be double the size of the new store at Yorkdale.
But still, is this a signal of a shift where downtown is losing it's edge? Why have these new stores not located downtown first, instead of Yorkdale?

Yorkdale is really giving the Eaton Centre a run for it's money now, which is concerning.

[manny_santos]

Originally Posted by freeweed

I'm with you on almost every single consumer product.. except groceries. Grocery shopping to me is all about service (well, the lack of long lines and at least semi-friendly staff), cleanliness, and quality. I can't even set foot in a Stupidstore. I don't care if it was 50% cheaper, I just can't do it.

But for everything else - yeah. The US rocks.

For me it depends on the products I'm buying. For dry goods and canned goods, and even meat, I prefer No Frills. I also shop at a specialty store to get products I can't get at any supermarket.

[caltrane74]

I was at Yorkdale this weekend, and all the doors and exits were blocked off, this expansion plan is even more massive than i thought:

http://www.yorkdale.com/expansion/renderings/








More renderings at the Yorkdale Website


Nexer/Lifepulse Blog - January 26th, 2011

Yorkdale seems to be forever expanding and has announced that a further expansion is on the way to the tune of $220 million! It turns out retail is so good in Canada that RioCan Real Estate Investment Trust’s new partnership with Tanger Factory Outlet, a deal worth $1 billion will be bringing in several American discount malls to Canada. Looks like our stable economy is attracting the sharks from all the other struggling economies in the West.

http://lifepulseblog.com/2011/01/26/...panding-again/

[caltrane74]

Wall Street Journal Online

J. Crew To Open First Canadian Store In August


Dow Jones Newswire - June 24th, 2011

http://online.wsj.com/article/BT-CO-...24-704957.html




J Crew is coming to Yorkdale in August. This is the American Chains first store in Canada


______________________________________________


Holt Renfrew ups the ante with the announcement of an (almost) new Yorkdale location

BY BRIANNE HOGAN - June 3, 2011

http://www.postcity.com/Eat-Shop-Do/...tion/index.php

Holt Renfrew is building an expansion in the new Yorkdale wing, increasing its floor space by 40%, check out the article above.

[caltrane74]

Awesome Story regarding Canadian Malls:

You guys have to read this

Canadian malls growing in only one direction

http://www.ctv.ca/generic/generated/...le2068044.html


Malls will be building towards the sky, because of zoning and limited land concerns...

[MolsonExport]

^Err, that was already posted.

Originally Posted by SpongeG

Canadian malls growing in only one direction

FRANCES BULA - The Globe and Mail

When American and European retailers come to Canadian malls these days, they look around at the bustling crowds and see one thing: giant profits.

Our malls are hugely successful by international standards, with average sales of $680 a square foot per year. Some hot spots, such as the Yorkdale Mall in north Toronto, pull in more than $1,200 a square foot. The American average was $420 a square foot, according to 2009 figures. Only one mall beats Yorkdale: the Forum Shops at Caesars Palace in Las Vegas, with $1,400 a square foot, while others in Honolulu, New Jersey and Scottsdale range from $618 to $1,110.

...

http://www.ctv.ca/generic/generated/...le2068044.html

[caltrane74]

Oops, gotta into a mall posting frenzy there for a second!

lol!

[mersar]

Spotted a story tonight that Walmart is going to try a new urban format store in Canada, first in the Toronto area but going to be expanded across Canada including many of the 39 stores they've agreed to buy the leases for from Target. These new 'Urban 90' stores will be about 1/2 the size of the current stores according to the article in the Toronto Star.

[SpongeG]

Originally Posted by mersar

Spotted a story tonight that Walmart is going to try a new urban format store in Canada, first in the Toronto area but going to be expanded across Canada including many of the 39 stores they've agreed to buy the leases for from Target. These new 'Urban 90' stores will be about 1/2 the size of the current stores according to the article in the Toronto Star.

we have an urban format walmart in vancouver the only store in the city of vancouver - city wouldn't let em open for years they took over an old costco space and made it a walmart to get past city hall - its not too small but a little smaller than a typical RCSS or even some of the new Canadian Tires but the small format has evferything you need from full groceries to clothes etc. no inside mcdonalds or automative dept.

[Rusty van Reddick]

That pic of the "yorkdale expansion" from the lifepulse blog (1) isn't at the Yorkdale site and (2) is clearly an early rendering of The Core glass roof in Calgary. Which is gorgeous beyond description, incidentally.

[artvandelay]

Originally Posted by Rusty van Reddick

That pic of the "yorkdale expansion" from the lifepulse blog (1) isn't at the Yorkdale site and (2) is clearly an early rendering of The Core glass roof in Calgary. Which is gorgeous beyond description, incidentally.

Did you even look at the picture? There's no Home Outfitters or Old Navy at the Core. The design of the skylight at the Core is based off of Yorkdale so that's why it looks similar.

[caltrane74]

That is NOT The Core in Calgary.

That IS YORKDALE. I was just by the TOUS store when I was in Yorkdale last week, does that look like the TOUS Store in Calgary?

[SpongeG]

Walmart Canada signs deal with Target Canada for 39 Zellers locations

MISSISSAUGA, Ont. - Walmart has signed a deal with Target Canada to take over leases at up to 39 stores currently operated by Zellers Inc., the discount retailer Target is acquiring in in its expansion into Canada.

Terms of the transaction, announced Friday, were not disclosed.

Target signed a deal earlier this year to take over up to 220 Zellers locations from Hudson's Bay Co. for more than $1.8 billion.

Target announced the first 105 Zellers locations that it plans to convert to Target stores last month in conjunction with an initial payment.

The U.S.-based retailer is expected to continue to select additional locations before it makes a second payment in the fall.

Zellers locations that Target acquires, but does not convert to its banner, are expected to be leased back to Zellers or potentially other retailers.

For Walmart, Friday's deal could lead to a major expansion of the company in Canada, where it is already the biggest retailer in revenues and this country's third-largest employer, with 85,000 workers.

The Canadian division of Arkansas-based Walmart Stores (NYSE:WMT), the world's biggest retailer, operates 325 stores and has more than one million customers each day.

The Toronto-area company did not identify the Zellers stores it is acquiring from Target but noted that "specific locations will be identified later this fall."

It also did not say whether it plans to convert all 39 stores to Walmart outlets. If it does, such a move would expand the discount chain's Canadian network to 364 stores.

...

http://ca.news.yahoo.com/walmart-can...192858861.html

[whiteford]

sure looks like the core in Calgary to me. what are they going to make an exact copy of the core or what? i sure look like an early core render' as was stated.

[WhipperSnapper]

Originally Posted by whiteford

sure looks like the core in Calgary to me. what are they going to make an exact copy of the core or what? i sure look like an early core render' as was stated.

The glass roof expansion in Yorkdale was completed in 2005. I'm sure it was a reference for The Core expansion in Calgary which is a possible reason The Core looks like a exact copy to you.

[caltrane74]

One of you Calgary boys post a side by side picture of the The Core next to the picture above of YORKDALE.

Btw guys that is not a rendering, that is an actual photo.