Quote:
Originally Posted by esquire
Consolidating locations is not a bad idea. Better to have a small handful of good locations than a bunch of half assed ones.
But looking at it another way, if only the Queen Street and Granville Street stores are still in A-1 shape, that tells you what kind of condition the rest of the chain is in. The chain's bosses would be investing in the rest of the stores if there was a decent return to be had.
Considering the steady stream of department stores that have gone under within the last 30 years or so (Eaton's, Woodward's, Sears), I suppose it shouldn't come as a shock that Hudson's Bay is the next one on the chopping block.
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True, but it's a sort of chicken-or-egg situation. I am sure there are limited resources to renovate all Bay stores to a certain calibre as the chain is probably a bit bloated for today's market. But also I am sure many stores would do better if they were boosted up. Like there's no way Montreal could not support a Granville/Queen flagship style store on Rue St-Catherine. I doubt Ottawa, Edmonton, and Calgary would struggle to support at least one Bay store of this level. Winnipeg, Quebec City, and a few other cities could probably do the same. It's not like there isn't a market for mid-upper to upper end goods.
Part of me wonders if the Bay on Portage would be where its at if more resources were poured in to it which continued to make it a draw for people who may just shop at Polo Park or St Vital. But also, Winnipeg had a very obvious shift away from downtown retail (something shared with Edmonton and Hamilton). Portage Place did not live up to the Rideau Centre/Eaton Centre/Pacific Centre type downtown malls that livened up downtowns when they were otherwise declining. Polo Park is also not terribly far from Downtown Winnipeg, though not as close as Kingsway in Edmonton (which also has WEM draining things).
Quote:
Originally Posted by Harrison
If HBC continues to close stores, I hope Simons continues their Canadian expansion plans. A Canadian owned and operated department store, they have great clothing and home decor sections. I much prefer shopping there than at any HBC store in Edmonton, plus we have two Simons now (WEM and Londonderry).
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I agree. Simons also needs a stronger presence in Toronto and Vancouver. Their single existing locations are in suburban areas not easily accessible to much of those region's populations and there's less general awareness of Simons I've noticed.
I'd love to see Simons with
1x store Victoria
2x stores in Vancouver (Downtown and maybe Metrotown, Coquitlam, or Richmond)
1x store in Calgary (Southcentre perhaps?)
1x store in Edmonton (really just think a Downtown Simons would be nice)
1x store in Winnipeg (would be kind of cool to see if they made a go at the soon-to-be-former Bay, but realistically Polo Park/St Vital, though Kildonan would be interesting)
4x stores in Toronto (Downtown Toronto, Yorkdale or Don Mills or Fairview, Markham or Scarborough Centre, Vaughan Mills or Bramalea)
1x store in Hamilton (Lime Ridge most likely, or Burlington Mall)
1x store in London (Masonville, though something Downtown could be a major revitalizer or something on North Richmond maybe?)
1x store in Kingston (ideally on Princess St, but Cataraqui would work too)
1x store in Kitchener-Waterloo (Uptown Waterloo or Conestoga)
1x store in Ottawa (maybe Bayshore if there's space available?)
1x store in Moncton (Champlain)
1x store in Halifax (again, ideally Downtown, but HSC or Micmac would be fine I guess)