Quote:
Originally Posted by balletomane
Its probably a lot easier to attract another big retailer to come fill a vacant space in one of those primary malls as opposed to a secondary one. I'm sure Nordstrom, Saks Fifth Avenue or even Simons would contemplate expansion into a former Sears location at a major mall.
Its the secondary malls that could be the issue, they are practically all anchored by a Sears at one end and HBC at the other, and those higher-end retailers likely wouldn't be interested.
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Attracting high end department stores to replace Sears in Atlantic Canada would be next to impossible. The only real exception will be Halifax.
Following this latest set of closures, Sears full line department stores in the Maritimes will be down to Halifax, Moncton, Fredericton, Charlottetown & Sydney.
Full line stores in Bathurst, Saint John, Dartmouth are to close.
The HSC location in Halifax should be able to attract
Nordstroms or
Simons to replace Sears.
The CF Champlain location in Moncton will likely get
HBC (possibly
Simon's)
The Regent Mall in Fredericton might get
HBC.
The Charlottetown and Sydney locations will likely be out of luck.
I also have no idea what would happen to Saint John - if they're really lucky, they might get
HBC, but I'm not holding my breath.
There are many, many secondary malls in smaller cities and towns in the region which have been severely kicked in the nuts by all the retail closures. For example the Amherst Mall in Amherst NS has lost Sears and Zellers with no replacements. Virtually all the other retailers in the mall have vacated as a result. It is truly now a "Dead Mall of Canada". There is a WalMart, a Kent (similar to Home Depot), Superstore and Canadian Tire in the neighbourhood, drawing away customers. Being only a 40 minute drive from Moncton also hasn't helped........