Canadian Retail Thread - Page 246

bless-u · #1 Posted **Jan 26, 2018, 11:20 PM**

Here comes the next Colonel Sanders of KFC!

Martin Mtl · #2 Posted **Jan 27, 2018, 12:12 AM**

Ivanhoé Cambridge will invest $200 million to redevelop the downtown Montreal Eaton Centre, including merging it with the neighbouring Complexe Les Ailes shopping centre.

https://renx.ca/ivanhoe-montreal-eaton-centre-redevelopment/

Martin Mtl · #3 Posted **Jan 27, 2018, 12:15 AM**

Ivanhoé Cambridge says it will invest $200 million to redevelop the downtown Montreal Eaton Centre, including merging it with the neighbouring Complexe Les Ailes shopping centre.

In a release, Ivanhoé says the project “aims to enhance the shopping experience at Quebec’s busiest shopping centre on Sainte-Catherine Street, one of North America’s most well-known commercial streets.”

Between them, the Montreal Eaton Centre and Complexe Les Ailes attract more than 30 million visitors annually, the company says.

“Sainte-Catherine Street’s great strength is its ability to reinvent itself continually,” said Claude Sirois, president, retail at Ivanhoé Cambridge in a release. “Our demanding clientele wants an innovative and sustainable project that stands out for its urban character. With the physical changes we are making and the collaboration of our current and future retailers and brands, we are setting out to redefine the urban shopping experience downtown.”

The announcement also notes this is the final component in Project Nouveau Centre, Ivanhoé Cambridge’s $1 billion investment at its four major properties in downtown Montreal. (see Ivanhoe Cambridge investing $1B in downtown Montreal)

https://renx.ca/ivanhoe-montreal-eaton-centre-redevelopment/

J.OT13 · #4 Posted **Jan 28, 2018, 4:18 AM**

Quote:

Originally Posted by Martin Mtl

Ivanhoé Cambridge says it will invest $200 million to redevelop the downtown Montreal Eaton Centre, including merging it with the neighbouring Complexe Les Ailes shopping centre.

https://renx.ca/ivanhoe-montreal-eaton-centre-redevelopment/

Within that article, there's a link to a PDF comparing Canadian malls (revenue per square feet, size, pedestrian count), it also makes a few comparisons to the U.S.

https://www.retailcouncil.org/sites/default/files/RCC_CSCS_3_FINAL.pdf

whatnext · #5 Posted **Feb 21, 2018, 5:28 PM**

Well, that's embarrassing:

A Toronto-area mall’s management says they’re taking measures to stop imitation goods from being sold there after a U.S. government report claimed it was among the world’s most notorious sources of such products.

Markham, Ont.-based Pacific Mall management says in a statement that they are deeply disturbed and disappointed by a recent report suggesting its vendors sell imitation goods.

In January, the U.S. Office of the Trade Representative named the predominantly Chinese-Canadian shopping centre in its annual review of so-called “notorious markets” that included 18 brick-and-mortar locations and 25 online retailers...

http://business.financialpost.com/pmn/bu...feit-pirated-good-sales-after-u-s-report

kwoldtimer · #6 Posted **Feb 21, 2018, 5:32 PM**

Quote:

Originally Posted by whatnext

Well, that's embarrassing:

A Toronto-area mall’s management says they’re taking measures to stop imitation goods from being sold there after a U.S. government report claimed it was among the world’s most notorious sources of such products.

Markham, Ont.-based Pacific Mall management says in a statement that they are deeply disturbed and disappointed by a recent report suggesting its vendors sell imitation goods.

In January, the U.S. Office of the Trade Representative named the predominantly Chinese-Canadian shopping centre in its annual review of so-called “notorious markets” that included 18 brick-and-mortar locations and 25 online retailers...

http://business.financialpost.com/pmn/bu...feit-pirated-good-sales-after-u-s-report

Less embarrassing than if they were not attempting to address the problem, no?

SpongeG · #7 Posted **Jan 27, 2018, 8:58 PM**

Canada's luxury retail market takes off as brands flock to cities

Toronto was one of the top 10 cities in the world last year for luxury store openings
By Rajeshni Naidu-Ghelani, CBC News Posted: Jan 27, 2018 5:00 AM ET Last Updated: Jan 27, 2018 5:00 AM ET

Nearly 40% of the about 50 new international retailers that entered Canada last year are considered to be in the luxury segment. (Nathan Denette/The Canadian Press)

Whether you're in the market for a new $2 million Swiss watch or just window shopping, it's pretty hard to miss a new global luxury retailer setting up shop in one of Canada's high-end shopping streets these days.

There's has been an influx of luxury brands opening flagship stores in major urban centres like Toronto and Vancouver over the last couple of years, with some of notables being French fashion houses Chanel, Hermèsand Swiss watchmaker Richard Mille.

In fact, nearly 40 per cent of the about 50 new international retailers that entered Canada last year are considered to be in the luxury segment of the market, according to Retail Insider.

The industry publication has been tracking national store openings for the last five years.

"In my neighbourhood of Bloor Street and Yorkville, we're seeing this absolute explosion right now of luxury brands," said Craig Patterson, president of Retail Insider, referring to two high-end shopping areas in Toronto.

A combination of increasing wealth, tourism and more affordable prime retail property have made Canada one of the top destinations for luxury retailers, according to analysts.

Toronto ranked 10th in the world last year for the number of luxury store openings, a report by London-based real estate firm Savills showed.

The city was one of only three North American cities to make the top 10 list, along with New York and Los Angeles.

'Affordable' city
As the sale of luxury goods globally continues to decline, retailers are becoming more strategic about where to open shop next.

For example, the cost of prime luxury retail rent in Toronto the third quarter of 2017 was $318 US per square feet per annum, according to the study.

That compares to $3,200 in New York, $700 in Los Angeles and $2,918 in London, which tops the list.

"It's just so much more affordable to come to Toronto then open a secondary location in Manhattan or Beverly Hills," said Jordan Karp, executive vice president of Savills Canada.

"We have the advantage of the Canadian dollar — so that's a driving force."

...

http://www.cbc.ca/news/business/canada-luxury-retail-shoppers-1.4505361

whatnext · #8 Posted **Jan 27, 2018, 11:53 PM**

Quote:

Originally Posted by SpongeG

Canada's luxury retail market takes off as brands flock to cities

Toronto was one of the top 10 cities in the world last year for luxury store openings
By Rajeshni Naidu-Ghelani, CBC News Posted: Jan 27, 2018 5:00 AM ET Last Updated: Jan 27, 2018 5:00 AM ET

Whether you're in the market for a new $2 million Swiss watch or just window shopping, it's pretty hard to miss a new global luxury retailer setting up shop in one of Canada's high-end shopping streets these days.

There's has been an influx of luxury brands opening flagship stores in major urban centres like Toronto and Vancouver over the last couple of years, with some of notables being French fashion houses Chanel, Hermèsand Swiss watchmaker Richard Mille.

In fact, nearly 40 per cent of the about 50 new international retailers that entered Canada last year are considered to be in the luxury segment of the market, according to Retail Insider.

The industry publication has been tracking national store openings for the last five years.

"In my neighbourhood of Bloor Street and Yorkville, we're seeing this absolute explosion right now of luxury brands," said Craig Patterson, president of Retail Insider, referring to two high-end shopping areas in Toronto.

A combination of increasing wealth, tourism and more affordable prime retail property have made Canada one of the top destinations for luxury retailers, according to analysts.

Toronto ranked 10th in the world last year for the number of luxury store openings, a report by London-based real estate firm Savills showed.

The city was one of only three North American cities to make the top 10 list, along with New York and Los Angeles.

'Affordable' city
As the sale of luxury goods globally continues to decline, retailers are becoming more strategic about where to open shop next.

For example, the cost of prime luxury retail rent in Toronto the third quarter of 2017 was $318 US per square feet per annum, according to the study.

That compares to $3,200 in New York, $700 in Los Angeles and $2,918 in London, which tops the list.

"It's just so much more affordable to come to Toronto then open a secondary location in Manhattan or Beverly Hills," said Jordan Karp, executive vice president of Savills Canada.

"We have the advantage of the Canadian dollar — so that's a driving force."

...

http://www.cbc.ca/news/business/canada-luxury-retail-shoppers-1.4505361

Those money launderers need to spend that loon somewhere! Go Canada!

SpongeG · #9 Posted **Jan 29, 2018, 3:54 AM**

mumuso, a chinese owned, korean lifestyle brand has opened their first store in Canada, in Vancouver. They have stores it seems in turkey and asia... looks very similiar...

mumuso global facebook page

mumuso.com

one of the stores in the phillipines

mumuso.ph

SteelTown · #10 Posted **May 9, 2018, 2:50 PM**

Quote:

Originally Posted by SpongeG

mumuso, a chinese owned, korean lifestyle brand has opened their first store in Canada, in Vancouver. They have stores it seems in turkey and asia... looks very similiar...

mumuso global facebook page

mumuso.com

one of the stores in the phillipines

mumuso.ph

New store @MinisoCanada coming to @CFLimeRidge #Hamilton

Liem Vu
https://twitter.com/vu_liem

davidivivid · #11 Posted **Feb 22, 2018, 4:22 PM**

Simons just bought a 2 millions s.f. piece of land in Quebec City in order to built a state of the art, $125M distribution center in order to face the increase in online purchases. It will create at least 200 new jobs.

Quote:

La Maison Simons construira son centre de distribution à Québec

La Maison Simons construira son nouveau centre de distribution de 125 millions à Québec. Le détaillant vient d’acquérir un vaste terrain pour 15,3 millions $ dans l’Espace d’innovation Chauveau.

Le terrain de plus de 2 millions de pieds carrés sera situé dans le secteur nord de Québec, aux coins de l’autoroute Henri-IV et du boulevard Chauveau.

Le comité exécutif de la Ville de Québec a entériné la décision lundi dernier. La Ville avait acquis des terrains dans ce secteur au Groupe Dallaire pour 12,9 millions $.

La Maison Simons planifie la construction d’un nouveau centre de distribution à la fine pointe de la technologie à Québec. L’investissement qui atteindra les 125 millions $ devrait permettre la création d’au moins 200 emplois.

[...]

http://www.tvanouvelles.ca/2018/02/22/la...ra-son-centre-de-distribution-a-quebec-1

MolsonExport · #12 Posted **Feb 22, 2018, 5:36 PM**

Quote:

Markham, Ont.-based Pacific Mall management says in a statement that they are deeply disturbed and disappointed by a recent report suggesting its vendors sell imitation goods.

How fucking ridiculous can they be? EVERYONE knows that Pacific Mall is chock full of counterfeit/imitation goods and illicit DVDs.

What other reason would people have to go there?

manny_santos · #13 Posted **Feb 22, 2018, 7:12 PM**

Quote:

Originally Posted by MolsonExport

How fucking ridiculous can they be? EVERYONE knows that Pacific Mall is chock full of counterfeit/imitation goods and illicit DVDs.

What other reason would people have to go there?

Bubble tea. Which was pretty mediocre when I had it there.

Proof Sheet · #14 Posted **Feb 22, 2018, 11:33 PM**

Quote:

Originally Posted by MolsonExport

How fucking ridiculous can they be? EVERYONE knows that Pacific Mall is chock full of counterfeit/imitation goods and illicit DVDs.

What other reason would people have to go there?

The Pacific Mall was built when I was in high school and was about 5 km from where I lived....even back in the 80's it was known for dodgy gear.

WhipperSnapper · #15 Posted **Feb 22, 2018, 5:48 PM**

Yep. The time to be embarrassed passed by 15 years ago.

Those are just words.

WhipperSnapper · #16 Posted **Feb 22, 2018, 7:31 PM**

Imitation bubbles just aren't the same as the real thing.

MolsonExport · #17 Posted **Feb 22, 2018, 7:48 PM**

Imitation bubbles from imitation tapioca.

WhipperSnapper · #18 Posted **Feb 22, 2018, 11:47 PM**

Quote:

Originally Posted by MolsonExport

Imitation bubbles from imitation tapioca.

Now contains 10% real corn starch. (you don't want to know the other 90%)

MolsonExport · #19 Posted **Feb 23, 2018, 3:05 AM**

Quote:

Originally Posted by WhipperSnapper

Now contains 10% real corn starch. (you don't want to know the other 90%)

dweeby

SpongeG · #20 Posted **Mar 20, 2018, 4:03 AM**

I wonder if they are going to last longer here

Best Buy is closing all 250 of its mobile stores in the US
19
The company will still sell mobile phones in its bigger stores and online

By Thuy Ong@ThuyOng Mar 1, 2018, 5:17am EST

Quote:

Best Buy has announced it will shut all 250 of its small mobile stores across the US by May 31st. The stores reportedly contributed only a little over 1 percent to the company’s overall revenue. The closures won’t affect Best Buy’s mobile stores in Canada, and the company will continue to sell mobile phones both online and in its “big-box” stores.

https://www.theverge.com/2018/3/1/17066232/best-buy-close-all-mobile-stores-may-us