The Retail Thread - Page 58

Ramsayfarian · #**1141** Posted **Jan 12, 2011, 2:32 PM**

Verona pizza is opening up a location in Bow Valley Square. IMHO, Verona has some of the best thick crust pizza in Calgary. I'm not sure if this is a second location or if they'r moving their Lancaster location to the Bow Valley.

Innersoul1 · #**1142** Posted **Jan 12, 2011, 4:56 PM**

Wrong thread

Jimby · #**1143** Posted **Jan 13, 2011, 4:37 PM**

Target is coming to Canada. Some Zellers stores are being changed to Target.

eggbert · #**1144** Posted **Jan 13, 2011, 5:34 PM**

Target buys Zellers leases for $1.8B
Last Updated: Thursday, January 13, 2011 | 9:59 AM MT
CBC News
The retail chain Target, which has 1,752 stores across the U.S., including this one in Wisconsin, is aqcuiring the leasehold interests of 220 Zellers locations in Canada.The retail chain Target, which has 1,752 stores across the U.S., including this one in Wisconsin, is aqcuiring the leasehold interests of 220 Zellers locations in Canada. (Allen Fredrickson/Reuters)

U.S. retailer Target said Thursday it is buying the store leases of Canadian discount retail chain Zellers from the U.S. investor who owns the Hudson's Bay Co. assets for $1.8 billion.

Under terms of the deal, Minneapolis-based Target will make two payments of $912.5 million in cash, in May and September 2011, to acquire the leasehold interests of 220 Zellers locations in Canada.

The Zellers locations will continue to exist under that brand name for "a period of time," HBC said in a release. But Target will convert 100 to 150 of those Zellers locations to Target stores in 2013 and 2014 and sell the rest of the current Zellers network of store leases to other retailers.

Read more: http://www.cbc.ca/canada/calgary/sto...#ixzz1AwCwHWD4

Jimby · #**1145** Posted **Jan 13, 2011, 9:42 PM**

I bet Zellers in Chinook gets a Target makeover ASAP.
Deer Valley, probably not!

freeweed · #**1146** Posted **Jan 13, 2011, 10:04 PM**

I can't wait. Zellers is almost a national embarrassment. I realize it's a discount store, but it's one of the dirtiest, unorganized messes I've ever seen in a mainstream retail establishment. When Giant Tiger makes you look bad, you really need to get your act together.

Plus, Tarjhay has all sorts of awesome "exclusive" stuff for the nerd toy collectors out there. Sadly, it'll still be 30% more expensive on this side of the border, but the convenience will be worth it.

It's sad that Canadian retail has such a hard time performing. Eaton's, Zellers, The Bay - they never held a candle to their US counterparts (at least in my lifetime). Next up - Macy's! Well, a man can dream.

Cage · #**1147** Posted **Jan 13, 2011, 10:23 PM**

Have to disagree with you Jimby, I would be very surprised if Target goes into Chinook and Market Mall. Malls are too upscale and expensive real estate for Target, which is Bix Box discount retailer in the USA.

Target is only looking to set up shop in 150 location out of Zellers 220 location inventory. The other 70 locations will remain Zellers for the time being and will eventually be sold off other retailers.

Look for Target to market the mall locations to other USA companies like JC Penny and Macy's; Sears Canada might pick up a few. Alternately Target will let the locations lapse.

Jay in Cowtown · #**1148** Posted **Jan 13, 2011, 10:32 PM**

Quote:

Originally Posted by Cage

Look for Target to market the mall locations to other USA companies like JC Penny and Macy's; Sears Canada might pick up a few. Alternately Target will let the locations lapse.

I read that today as well, we'll most likely see our mall locations end up JC Penny, Marshalls or something like that. I'd like to see a Best Buy go in there so I can use my Christmas Cadilac/Fairview gift cards there!

I was noticing how out of place Zellers was looking at Chinook just a few steps away from shops like Burberry and Marciano last time I was there... close that dive immediately!

Vascilli · #**1149** Posted **Jan 13, 2011, 11:49 PM**

Zellers is know amongst the under-16 crowd as the place to be if you want to screw around and do whatever you want. Exciting games such as "Jump Over Stuff" and "Roll Your Friends Around in Luggage" can be played with minimal interference from the minimum wage security. (Or lack thereof)

MalcolmTucker · #**1150** Posted **Jan 14, 2011, 12:39 AM**

Wal-Mart survived in malls in Canada, breaking the big box model, I'll bet Target holds onto them (whether they keep both floors at Chinook I can't be sure)

Cage · #**1151** Posted **Jan 14, 2011, 1:03 AM**

Quote:

Originally Posted by Sir.Humphrey.Appleby

Wal-Mart survived in malls in Canada, breaking the big box model, I'll bet Target holds onto them (whether they keep both floors at Chinook I can't be sure)

Walmart has been getting out of malls in Canada since the day they bought Wolco.

In Alberta, only Northland and Westbrook have mall locations. Deerfoot Mall location is more indicative of Walmart way whereby they build standalone store close to the original location. I submit the only reason Walmart is still at Westbrook and Northland is because there is no viable alternative close by.

frinkprof · #**1152** Posted **Jan 14, 2011, 1:55 AM**

Quote:

Originally Posted by Cage

Walmart has been getting out of malls in Canada since the day they bought Wolco.

In Alberta, only Northland and Westbrook have mall locations. Deerfoot Mall location is more indicative of Walmart way whereby they build standalone store close to the original location. I submit the only reason Walmart is still at Westbrook and Northland is because there is no viable alternative close by.

Yeah, and with the renovation of the one at Westbrook a few years ago, Wal-Mart closed the entrance to the main hall of the rest of the mall and made it about as separate as they could while still being technically attached to the mall.

Regarding Zellers though, inquiring minds want to know: what will become of the Zellers restaurants?

Ferreth · #**1153** Posted **Jan 14, 2011, 3:25 AM**

Quote:

Originally Posted by frinkprof

Yeah, and with the renovation of the one at Westbrook a few years ago, Wal-Mart closed the entrance to the main hall of the rest of the mall and made it about as separate as they could while still being technically attached to the mall.

Regarding Zellers though, inquiring minds want to know: what will become of the Zellers restaurants?

Walmart is still in, and connected to Marlborough mall - however that mall has the same consumer group as Walmart. I'd expect Target to stay in Sunridge for similar reasons.

You Need A Thneed · #**1154** Posted **Jan 14, 2011, 5:36 AM**

Quote:

Originally Posted by Ferreth

Walmart is still in, and connected to Marlborough mall - however that mall has the same consumer group as Walmart. I'd expect Target to stay in Sunridge for similar reasons.

The indoor connection at Marlbourough Mall only goes to the front door. They closed of the mall entrance quite a few years ago.

Policy Wonk · #**1155** Posted **Jan 14, 2011, 6:48 AM**

Quote:

Originally Posted by Cage

Walmart has been getting out of malls in Canada since the day they bought Wolco.

In Alberta, only Northland and Westbrook have mall locations. Deerfoot Mall location is more indicative of Walmart way whereby they build standalone store close to the original location. I submit the only reason Walmart is still at Westbrook and Northland is because there is no viable alternative close by.

Wal-Mart has been waiting for the GM dealers at Northland to drop dead for years.

mersar · #**1156** Posted **Jan 14, 2011, 7:15 AM**

Quote:

Originally Posted by Policy Wonk

Wal-Mart has been waiting for the GM dealers at Northland to drop dead for years.

And seeing as how Shaganappi Chev just sunk a reported $10M into a new showroom on the site, they'll be waiting a while longer I'd say. Though maybe the Kia dealership that replaced Northland Pontiac may go, not sure if their site alone is big enough to fit a supercenter plus its parking.

Ramsayfarian · #**1157** Posted **Jan 14, 2011, 2:34 PM**

Quote:

Originally Posted by frinkprof

Yeah, and with the renovation of the one at Westbrook a few years ago, Wal-Mart closed the entrance to the main hall of the rest of the mall and made it about as separate as they could while still being technically attached to the mall.

Regarding Zellers though, inquiring minds want to know: what will become of the Zellers restaurants?

Glad to read that I'm not the only one concerned about the fate of the Skillet.

Innersoul1 · #**1158** Posted **Jan 14, 2011, 4:20 PM**

Hmmm I guess that I will be able to get my William Rast collection from Tarjhay! BOOYA!

Policy Wonk · #**1159** Posted **Jan 15, 2011, 1:47 AM**

Quote:

Originally Posted by mersar

And seeing as how Shaganappi Chev just sunk a reported $10M into a new showroom on the site, they'll be waiting a while longer I'd say. Though maybe the Kia dealership that replaced Northland Pontiac may go, not sure if their site alone is big enough to fit a supercenter plus its parking.

Their all the same dealer,

Ferreth · #**1160** Posted **Jan 15, 2011, 2:43 AM**

Quote:

Originally Posted by You Need A Thneed

The indoor connection at Marlbourough Mall only goes to the front door. They closed of the mall entrance quite a few years ago.

Still connected to the Mall by an indoor connection though. I'd guess Walmart didn't want man tills/guard two entrances. Compare this to Canadian Tire across the street - many years back when Franklin Mall was dieing a slow death, they remodeled and walled off the Mall entrance - it was a long walk around the outside, with no indoor connection.