Winnipeg Retail

[Bluenote]

Originally Posted by SpongeG

- nordstrom has apparently been revising their canadian plans and will have less stores due to canadians having lower incomes

Say what? Lower incomes, for a country that has less debt per person the pretty much any other. I Doubt that makes any sense. Americans are famous for having DEBT, the plastic kind. And that ran out when the houseing market took a crash, so if anything. Us Canadians have more disposable income then any american state I know of.


As for St Vital ( Walmart ) staying there, it will not be moving, they have one of the most PRIME locations in the city being there. And since it is not actually part of the mall, since they closed off the old entrance. It is only the fact they share the same parking lot, that they are part of the mall. Plus the fact the St Vital store was the FIRST in winnipeg to get a grocery dept. It is also one if not the largest in winnipeg by sq footage last time I looked. So it is there to stay.

The other old Walmarts that were part of shopping centers were in poor locations, they had no room for development, thus the move to the burbs.

As for Target, I have been all over the USA, and a lot of them are still part of Malls , IF , they said mall can allow them to expand. So the only one that I can see staying part of a Mall if KP. There is lots of room to grow there. The Southdale one, which isn't a mall anymore, last time it was , was back in the 80's, I can see them staying there, it is a good location, I am sure they will buy up, or out the other tenants, and just take over the entire site. And that location I can see being a Super Target. The other Malls and Ex Malls converted into strip malls I do not see lasting, unless there is no where to move and they are bringing in a good income.

[h0twired]

Another factor might be the fact that Polo Park is a Cadillac-Fairview mall.

Nordstrom appears to be putting their first 4 Canadian locations in other CF malls. The vacancy of Zellers and recent higher end retail additions to Polo Park might make the 90,000+ sq ft pretty attractive to Nordstrom.

http://www.theglobeandmail.com/repor...rticle6490314/

[Biff]

Originally Posted by viperred88

not that I care but is it true a Toys R Us is going to be built at Pembina Crossing by Bishop Grandin where future shop and shapes is.

Yes this is true.

[esquire]

Originally Posted by h0twired

Another factor might be the fact that Polo Park is a Cadillac-Fairview mall.

Nordstrom appears to be putting their first 4 Canadian locations in other CF malls. The vacancy of Zellers and recent higher end retail additions to Polo Park might make the 90,000+ sq ft pretty attractive to Nordstrom.

http://www.theglobeandmail.com/repor...rticle6490314/

That is essentially what the Retail Insider blog has been suggesting lately:

http://www.retail-insider.com/2013/0...s-open-at.html

http://www.retail-insider.com/2013/0...store-per.html

It would be nice to see Polo Park continue to hold its own as a retail hub instead of having all the action in the new power centres. Given that downtown retail is on its last legs, Polo Park has become the closest thing that we have to a central urban shopping district with mainstream appeal.

[steveosnyder]

Originally Posted by Bluenote

Say what? Lower incomes, for a country that has less debt per person the pretty much any other. I Doubt that makes any sense. Americans are famous for having DEBT, the plastic kind. And that ran out when the houseing market took a crash, so if anything. Us Canadians have more disposable income then any american state I know of.

I don't think the amount of debt an individual has is any indication of how much they make. Just because someone has $0 debt doesn't mean they make a lot of money, and just because someone makes a lot of money does not mean they are not in debt.

People who make more money are more likely to buy things from a place like Nordstrom, and Winnipeg isn't a place where a lot of people make >100k per year. Plus, Winnipeg is somewhat known for their frugality.

[h0twired]

Originally Posted by steveosnyder

People who make more money are more likely to buy things from a place like Nordstrom, and Winnipeg isn't a place where a lot of people make >100k per year. Plus, Winnipeg is somewhat known for their frugality.

Given how busy the higher end shops in Polo Park are doing these days, it wouldn't surprise me to see Nordstrom do VERY well in Winnipeg. Especially considering they would be coming into the market with little competition given that there is no Holt Renfrew in the city.

Also, don't kid yourself, there are a LOT of people and households (especially in the 30-40+ age demographic) making well over $100k in this city.

[steveosnyder]

Originally Posted by h0twired

Given how busy the higher end shops in Polo Park are doing these days, it wouldn't surprise me to see Nordstrom do VERY well in Winnipeg. Especially considering they would be coming into the market with little competition given that there is no Holt Renfrew in the city.

Also, don't kid yourself, there are a LOT of people and households (especially in the 30-40+ age demographic) making well over $100k in this city.

I didn't say it wouldn't do well, I said that the number of people who make a lot of money is lower in Winnipeg than it is in other cities where Nordstrom's would typically put a store. And there is a large difference between households making more than 100k and an individual making more than 100k. And really, the only store I would compare to Nordstrom's in Polo Park would be Hugo Boss/Harry Rosen, which is doing well I'm sure, but isn't 120,000 sqft.

Number of millionaires in Manitoba? I'm guessing less than 1,000. Number of Millionaires in Minnesota? Around 100,000.

[h0twired]

Originally Posted by steveosnyder

I said that the number of people who make a lot of money is lower in Winnipeg than it is in other cities where Nordstrom's would typically put a store.

I wouldn't say that either. Nordstrom has stores located in a number of smaller cities.

I have been to the Nordstrom in Spokane WA which is just as blue-collar and considerably smaller than Winnipeg. The location there is about the same size as The Bay Polo Park.

[pegcityboy]

Originally Posted by h0twired

I wouldn't say that either. Nordstrom has stores located in a number of smaller cities.

I have been to the Nordstrom in Spokane WA which is just as blue-collar and considerably smaller than Winnipeg. The location there is about the same size as The Bay Polo Park.

My wife was in banking business in winnipeg for years, you would be surprised how many millionaires there are in winnipegs cma. I will tell you significantly higher than u would expect!

[CoryB]

If you read far enough back on retail insider blog that was linked you will see that not only is Nordstorms rumored for the Zellers space in Polo Park but that the mall is trying to buy out the Sears space to convert to other retails including Simons and H&M. Simons had a tenative deal to be one of the anchor tenants in the failed The Elms development on the old stadium site and H&M has long been rumored for Winnipeg & Polo Park.

I wonder if they are successful in buying out Sears if they will tear down/redevelop and extend further south, possibly all the way up to Portage Ave. The reality of things is if you look at the upscale push on Polo Park and the size of similar malls in Canada it seems that an expansion of some sort is coming there sooner than later. Personally I could see them extending the mall space furhter south ending with one or more new medium to large anchors.

[esquire]

Originally Posted by CoryB

I wonder if they are successful in buying out Sears if they will tear down/redevelop and extend further south, possibly all the way up to Portage Ave. The reality of things is if you look at the upscale push on Polo Park and the size of similar malls in Canada it seems that an expansion of some sort is coming there sooner than later. Personally I could see them extending the mall space furhter south ending with one or more new medium to large anchors.

Fairly plausible, I'd say. It's certainly consistent with what is going on in the rest of the country, namely:

1) The inclination of Sears to get out of large urban locations in favour of suburbs and smaller cities, and

2) The emergence of a large gap between dominant retail centres and the secondary ones.

For instance, Winnipeg circa 1983 had 6 major regional shopping areas including downtown, all of which were more or less on par with one another in terms of retail offerings and drawing power. Today, even though the city has a larger population and retail spending is considerably higher, there are really only about 4 major regional shopping hubs that draw people from around the surrounding area, being Polo Park, St. Vital, Kildonan Place and environs, and Kenaston/IKEA. Not surprisingly, those are the places to be and demand for space is high, which creates expansion pressure. You're seeing it across Canada in major established shopping areas like Chinook Centre and Yorkdale, and now it's potentially going to play out in Winnipeg.

Once the space from the old Zellers is fully absorbed, and assuming that the economy doesn't tank in the next 5 to 10 years, I could see the next big thing at Polo Park being the southward expansion as described. I would expect that would also lead to the construction of another parking level on the west side to replace the spaces lost to mall expansion.

[CoryB]

Originally Posted by esquire

Once the space from the old Zellers is fully absorbed, and assuming that the economy doesn't tank in the next 5 to 10 years, I could see the next big thing at Polo Park being the southward expansion as described. I would expect that would also lead to the construction of another parking level on the west side to replace the spaces lost to mall expansion.

I think this is going to happen a lot quicker than 5-10 years for the following reasons:

1. Sears Canada is currently struggling financially and looking to sell leases/properties to help with overall solvance.

2. Nordstorms is reported to be looking for space in Winnipeg and could single handedly take over the entire space vacated by Zellers.

3. Other retailers, lead by Simons and H&M, are currently highly interested in the Winnipeg market.

4. In 5-10 years time the Winnipeg market will be very different as Seasons of Tuxedo is expected to be open.

In terms of addressing the parking, I think what may happen is the following:

Phase 1 - permanetly relocate the bus loop near Empress and Eastway under the shelter of the upper deck. Picture something along the lines of what was done at the U of W station.

Phase 2 - Convert the old bus loop to temporary surface parking, also use the southern part of the stadium site as tempoary overflow parking with shuttle service. This will last while the west side parking is closed between Sears and the Bay for construction of one of more additional levels.

Phase 3 - Sears closes and southern wing is constructed.

Likely opening no later than fall 2015.

Edit: The transit station could also make use of the Empress bridge to loop in buses from east bound Portage Ave and eliminate the traffic light by the A&W.

[SpongeG]

in the retail inside article it mentions that winnipeg has no competition for them and in siniliar markets in the states they opened a store and did very well as a result in cities they didn't really think they would have opened in

I imagine a nordstrom would do well in iwnnipeg, i've never found nordstrom to be that high end, they have high end stuff but the bulk of it is pretty regular, nike, diesel, coach etc.

[lilwayne]

apparantly cadilac shindico is in talks to purchase both the sears and zellers spaces in the polo park shopping mall. than they would lease the zellers space to a simons store. They would also than use the space that was used for sears and develop it into 2 or 3 difference stores. They are in talks with both nordstrom and h&m to take over that space.

http://www.retail-insider.com/2013/0...s-open-at.html


winnipeg is booming ladys and gentleman.

ikea, h&m, lowes, target. simons, marshals, not to mention all the other new stores that have just opened up recently such as coach, victoria secret, banana republic, forever 21, urban planet.

not to mention all the new restaurants weve added in the past year or 2... cities on the climb

[Danny D Oh]

Just watched a report on CBC about Target and how it will affect the retail market in Winnipeg. The angle they took was that Grand Forks will be affected more. Not sure about that, unless Target is somehow going to drop prices dramatically, that allure of buying a $25 in Winnipeg shirt for $5 in Fargo is still going to be there.

[trebor204]

[QUOTE=esquire;5962516]That is essentially what the Retail Insider blog has been suggesting lately:

http://www.retail-insider.com/2013/0...s-open-at.html

I notice they credited this forum (my picture) for the 1986 floor plan of Polo Park. See Page 37 / Post # 727

[vid]

I have heard from "inside sources" that H&M wants to get into Thunder Bay, but specifically wants the location currently occupied by our Sears Store. So I think the issue is that they're willing to get into smaller markets, they're just really, really specific with where they want to be located within them.

I don't know if our case is true or not but I do know that our lack of retail space opportunities is frustrating a lot of national players.

[lilwayne]

2013 has not been a good start for peg city has it. News of 2 more businesses closing up downtown, as well as the disappointing news from truviking. That a project we were all looking forward to is no longer moving forward with its plans. Regardless the reason behind their decision I doubt we can find any positive from any of this news. The only bright spot is the return of the jets, hopefully this will help liven up downtown and inject some excitement into the area again.

ps i hope the project truviking was refering to has not been canceled but only postponed for the time being. There's always potential for these projects to move forward in the future i would suspect.

[armorand93]

I care deeply about the Paddlewheel, but not-so-much about Imax

[h0twired]

Originally Posted by Bluenote

I do not know why people are so convinced H&M is coming here. Or we even need it.[/url]

I don't understand why people get so excited about H&M.

Their clothes are pretty poor quality.

Just another version of Le Chateau in my opinion.