Tanger, RioCan to launch upscale venture
MARINA STRAUSS, STEVE LADURANTAYE
From Tuesday's Globe and Mail
Published Monday, Jan. 24, 2011 2:52PM EST
Last updated Tuesday, Jan. 25, 2011 8:46AM EST
A $1-billion shopping centre deal will introduce to Canada U.S.-style premium outlet malls, a move that will help transform the retail landscape and put further pressure on domestic players.
The agreement, unveiled on Monday, will open the way for shopping centres to woo more high-end U.S. retailers to Canada amid a wave of foreign chains preparing to enter the country. It could prompt high-profile U.S. department stores – including Saks Fifth Avenue – to launch their off-price outlet stores in this country for the first time.
More here:
http://www.theglobeandmail.com/globe...rticle1881072/
http://www.tangeroutlet.com/
But aren't the majority of these malls open air complexes? Wouldn't work so well here in winter!