October 31, 2013, 10:42 pm
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October 31, 2013, 10:42 pm
Joe's will open its first Canadian store tomorrow at Vancouver's Oakridge Centre. The popular denim and apparel brand will be located adjacent to the mall's current Hudson's Bay store.
The store will be 1,483 square feet according to the mall's lease plan. A press release describes its offerings as follows:
"The Vancouver location will feature denim and lifestyle collections for men, women and children, along with footwear, jewelry and exclusive handbags made in California. Among the notable Fall 2013 styles are the brand's new "Tailored by Joe's" Denim Suit Collection for women featuring tailored jackets and ankle trousers, as well as the new "The Black That Never Fades" Collection featuring an innovative new fabric and wash. Every style in this collection will not fade from its original black shade on day one, regardless of how many times it is washed".
For those unfamiliar, Joe's is a Los Angeles-based denim, apparel and accessories brand that retails through 35 free-standing stores in the United States, as well as in various retailers (including department stores). Joe's is "a casual chic lifestyle brand known for modernized, timeless styles from premium denim and collection pieces to contemporary accessories and footwear"
However, Joe's won't always have Hudson's Bay as its neighbour. As part of Oakridge Mall's expansion, Hudson's Bay will be demolished and moved northward.
We'll keep you updated on future Joe's locations in Canada.
[Source: Press Release]
[Oakridge Centre website]
[Joe's website]
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November 3, 2013, 11:01 pm
Dutch men's suit retailer Suitsupply will open its first Canadian store location at 9-11 Hazelton Avenue in Toronto. The store is expected to open in January 2014, according to popular menswear website Sharp for Men. It will be the 47th store location for the retailer.
For those unfamiliar, Suitsupply is a vertically integrated men's suit retailer that was started in 2000 in Amsterdam. It has received many awards and was voted #1 men's suit retailer by the Wall Street Journal. Prices start at around $400 and both quality and style are considered to be exceptional.
Suitsupply is known for choosing 'unconventional' retail locations. Its Chicago store, which opened over a year ago, is located on the top floor of a former Barney's New York store and features a penthouse roof garden.
Suitsupply has 6 American store locations and it's growing quickly - it expects to have 11 American stores within a few months, according to its website.
The new Hazelton Avenue Suitsupply will be across the street from upscale shopping centre Hazelton Lanes. Hazelton Lanes is slated to see a substantial expansion and renovation as it attempts to secure luxury retail tenants.
We'll keep you updated as to any other possible Canadian store locations for Suitsupply.
[Article Source: Sharp for Men]
[Suitsupply website]
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November 3, 2013, 11:01 pm
Nordstrom will be taking a slightly different approach to hiring staff for its Canadian stores. It will hire Canadian department managers, train them at Nordstrom's Seattle headquarters, then allow these managers to hire Canadian store staff. Nordstrom will begin accepting department manager applications on December 5th, and hiring starts in January 2014 for its first Canadian store in Calgary.
Normally, Nordstrom seeks out existing "proven leaders" in its stores to become new department managers. For Canadian Nordstorm stores, however, it appears that the company will take a slightly different approach. Instead of promoting its own existing staff, Nordstrom will seek out Canadian talent and then immerse the chosen candidates in Nordstrom's corporate culture. Between March and May, 2014, these new hires will live in Seattle (housing, food and transportation to Seattle will be covered by Nordstrom) and once trained, department managers may start hiring staff for its new Calgary store.
We're not sure if this strategy will be continued for other Canadian Nordstrom store locations, which start opening months after the Calgary store. It may be the case that some Calgary department store managers are appointed to hire for other Canadian Nordstrom stores. Time will tell.
To apply for a job as a department manager at Nordstrom Canada, visit the company's Canadian career site. We wish applicants the best of luck.
The above revelations were made by Brooke White, VP of Corporate Communications at Nordstrom, to the Calgary Herald. For more, you can click here to read our source article.
[Nordstrom Canada website]
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November 4, 2013, 10:03 pm
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| Rendering: 100 Bloor St. W. |
Apple continues to examine possible retail space for a flagship Toronto store, according to sources. We've been told that Apple has been in talks for the retail space indicated in the image above. The photo represents a possible Apple Store flagship at 100 Bloor Street West, which would replace a Roots store that currently occupies that corner.
We've been told that Roots will vacate its 100 Bloor flagship in early 2014 and that the landlord is looking to replace it with a high-profile retailer. Apple would certainly fit that description. Roots plans to move to a much smaller retail space at 89 Bloor Street West.
We're not yet sure if Apple will end up at 100 Bloor, as sources also inform us that Apple is considering space at 1 Bloor Street East, another large retail development to eventually be located in the area. 1 Bloor St. E. could be an even more prominent location for Apple than 100 Bloor, given that it stands at the very prominent corner of Yonge and Bloor Streets. A flagship Apple store in the Yonge/Dundas Square area is also a possibility, though we don't yet have information where. Potential Apple retail space could become available, however, once Sears vacates its Toronto Eaton Centre location in February.
We'll follow up this article with one outlining the possibility of other retailers moving into 100 Bloor. A substantial amount of retail space may come to market, paving the way for some exciting flagship retailers on Bloor Street.
We'll also keep you updated on where Toronto's flagship Apple store will be located. We've been told that it's not a matter of "if" an Apple flagship opens; the real question is "when and where".
[Apple store website]
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November 5, 2013, 11:17 pm
Over 50,000 square feet of potential luxury retail space could become available at 100 Bloor Street West in Toronto. According to the landlord's website, most of the retail component of 100 Bloor could come up for lease, including spaces currently occupied by Williams Sonoma, Pottery Barn, The Body Shop and Roots.
Roots is already confirmed as leaving its 100 Bloor retail space in early 2014, and there's no word yet as to whether or not Williams Sonoma and Pottery Barn will vacate. A source tells us that both Williams Sonoma and Pottery Barn may be in talks with Hazelton Lanes to open replacement stores in the mall, though we can't confirm this beyond saying it is speculation.
In total, over 51,000 square feet of retail space at 100 Bloor could come up for lease. This includes retail space on both the ground floor and the second floor. Looking at its lease plan, we can imagine somewhere in the range of seven two-level flagship stores to occupy space at 100 Bloor, including an Apple Store flagship that we discussed yesterday. Note that this article was only speculation, but some brokers have quietly suggested that Apple might open here.
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| Ground floor plan for 100 Bloor St. W., including our edits in red (showing 7+ retail spaces) |
We would expect 100 Bloor's retail rents to be among some of the highest in Canada. Bloor Street already boasts Canada's most expensive street-front retail and 100 Bloor is 'centre ice' in the luxury district, being across the street from Harry Rosen's flagship menswear store and within steps of luxury retailers Chanel, Prada, Mulberry, Gucci, Hermes, Burberry and others.
Before 100 Bloor's construction in the early 2000's, the site had multiple proposals that ranged from hotel towers to theatres to department stores. At one time, Saks Fifth Avenue, Bloomingdale's and Paris-based department store Printemps were interested in the site, as it offered retail floorplates large enough to accommodate one of these flagships over 4-6 floors. Before current tenants were secured, 100 Bloor was reportedly in talks with Donna Karan, Fendi and Dries van Noten. According to one source, 100 Bloor's landlord felt that "Pottery Barn's money was as good as Fendi's money" which helps to explain the current configuration of tenants at 100 Bloor.
[100 Bloor Street West website]
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November 5, 2013, 11:22 pm
Montreal-based Maison Birks is expected to renovate its Montreal flagship store within the next three to four years, according to the company's president and CEO Jean-Christope Bedos. The Montreal flagship is one of North America's largest jewellery stores.The Montreal flagship, located on Phillips Square, has been occupied by the jeweller since 1894. The building comprises of 19,785 square feet of retail space and 58,444 square feet of corporate office space above, according to the company. The handsome flagship store is located along a popular strip of Ste Catherine Street West, alongside retailers such as Hudson's Bay, La Maison Simons and Les Ailes de la Mode (which will close in a few months).Currently, Canada's largest jewellery store is Maison Birks in Downtown Vancouver. It boasts slightly more retail space than the Montreal location, at 20,221 square feet. The third largest is the Maison Birks store at Toronto's Manulife Centre, measuring in at 15,620 square feet over two levels.
Maison Birks recently re-branded and has plans to open stores internationally. Its first Asian store opens next year in Beijing, China. It's also opening mono-brand Canadian stores selling only Birks-branded products.
Mr. Bedos revealed the Montreal store renovation plans during a talk at The Canadian Club in Montreal. It was subsequently reported by La Presse in this article (in French).
[Maison Birks website]
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November 6, 2013, 11:01 pm
Toronto's 80 Bloor Street West tower will reportedly be demolished. It could be replaced with over 37,000 square feet of luxury retail, topped by a 66-floor condominium tower. The new retail space in the planned tower could be among Canada's most expensive retail real estate.
The current 80 Bloor St. W. tower includes two ground-floor retail spaces. One is occupied by a Banana Republic store, and the other is a Gap Kids store space, now available for lease. A 22,000 sq ft, two-level fitness club is located above the retail and the remainder of the 17-floor building is utilized for office space.
Yesterday we reported that over 50,000 square feet of potential luxury retail space was coming available at 100 Bloor Street West. 80 Bloor's retail could provide the street with much needed new retail space, as some brokers are finding it challenging locating Bloor Street retail space for luxury tenants.
We'll keep you updated on this exciting development.
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November 7, 2013, 11:13 pm
Louis Vuitton has reopened inside of the Toronto Yorkdale Holt Renfrew. Sources tell us that the store, which has been expanded, is about 4,000 square feet. This makes it the third-largest Louis Vuitton store in Canada.
Canada's first-and second-largest Louis Vuitton stores are both substantial, two-level flagships referred to as 'Maisons'. The second-largest store, which was also the first Louis Vuitton Maison to appear in Canada, opened at the Hotel Vancouver in December 2010. It's about 10,000 square feet. An even larger Maison opened in Toronto in September 2012, at over 15,000 square feet. These are Canada's only free-standing Louis Vuitton stores, as a free-standing shop in Banff, Alberta closed in May of 2011.
Canada's other Louis Vuitton stores are all located within department stores. These include Vuitton concessions at Holt Renfrew in Vancouver, Calgary, Edmonton and Toronto (Yorkdale Shopping Centre and 50 Bloor St. W.). A 3,200 square foot Louis Vuitton shop is also located within Montreal's iconic Ogilvy department store.
Yorkdale's Holt Renfrew store is undergoing a substantial expansion and renovation, and we'll be doing a comprehensive article about it when completed.
[Louis Vuitton website]
[Holt Renfrew website]
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November 7, 2013, 11:26 pm
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| Rendering: Nordstrom |
Nordstrom anticipates Canadian retail sales of about $1 billion once its full-line and Nordstrom Rack stores have all opened. Such competition will be challenging to other Canadian retailers, all competing for Canadian shopping dollars in country with a relatively small population.
Nordstrom anticipates opening between 8 and 10 full-line Canadian stores, as well as between 15 and 20 Nordstrom Rack stores. So far, the company has secured future Nordstrom store locations in Vancouver, Calgary and Ottawa, as well as two locations in Toronto (at Sherway Gardens and Yorkdale Shopping Centre). Several more Nordstrom locations will be announced, likely including Downtown Toronto, Edmonton, and possibly Winnipeg. The province of Quebec, at the moment, doesn't appear to be on Nordstrom's radar.
Nordstrom Rack is also on the hunt for Canadian store locations and is in talks with several landlords. We've been informed that a deal has likely been finalized for Canada's first Nordstrom Rack store at Ottawa's Trainyards, for example.
Canada's retail market has its limits, and Nordstrom's anticipated $1 billion piece of the retail pie could take sales away from competitors such as Holt Renfrew and Hudson's Bay. Holt Renfrew already boasts sales of about $800 million annually according to industry insiders, and Hudson's Bay's upscaling strategy has seen it start to carry many of the same labels found at Nordstrom. Even more competition will arise once Hudson's Bay-owned Saks Fifth Avenue opens up to 7 full-sized Canadian stores.
Canadian retailing is coming of age, and our selection of stores and merchandise is becoming comparable to that of the Unites States. At the same time, there's concern that for such a small country, Canada is potentially seeing too much new high-end and department store retail.
Our primary source for this article can be found at this link for the website Womens Wear Daily.
[Nordstrom website]
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November 11, 2013, 10:54 pm
Joe Fresh will open its second Downtown Vancouver store location in December at 1164 Robson Street in Downtown Vancouver, according to sources. We've been told that the store has signed a two-year lease for space formerly occupied by retailer RW&CO.
At 4,266 square feet, the store will be smaller than Joe Fresh's Granville Street flagship, and sources say that the Robson Street won't carry children's wear.
We're not sure what rent will be paid by Joe Fresh but according to its listing on Spacelist.ca, the retail space has a base rent of $225/square foot/year. With all costs in, gross rent is assessed at over $288/square foot. That's higher than the quoted $200/square foot Robson Street rents quoted in a recent Colliers International report. We expect these are the highest rents paid for a Joe Fresh store in Canada, though certainly less than what they're paying in Manhattan.
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| Lease Plan for the former RW&CO. retail space |
Vancouver can boast having opened the world's first free-standing Joe Fresh store. It opened in October 2010 at 540 Granville Street, across from Holt Renfrew. The 14,000 square foot, two-level flagship store was designed by Toronto-based architectural firm Burdifilek.
Joe Fresh is the latest retailer to sign a lease on Robson Street's '1100 block' (between Thurlow and Bute Streets). The block has suffered from multiple vacancies, though some vacant spaces have finally been leased, including half of a former Esprit store that will soon open as footwear retailer New Balance.
[Joe Fresh website]
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November 11, 2013, 11:47 pm
Sears Canada will likely continue selling off its store leases including those held as joint ventures, according to sources. It just sold off 8 more store leases for a total of about $315 million in the province of Quebec, though these particular Sears stores will be staying open for now. Each of these leases is a 50% joint venture interest that Sears Canada holds with The Westcliff Group of Companies. The purchaser of these leases is Montez Income Properties Corporation.
More interestingly, Sears Canada is seeking to liquidate real estate assets before its possible bankruptcy, according to another source. Page 73 of Sears Canada's 2012 Annual Report provides a list of joint venture leases (see below). Of the 10 joint venture leases that Sears Canada had with Westcliff Group, only 8 have been sold, meaning that Sears could possibly sell two more. The company also has three joint venture leases with landlord Ivanhoe Cambridge, namely for Sears stores at Winnipeg's Kildonan Place, Les Rivières Shopping Centre and Les Galeries de Hull. These three joint ventures are only 15-20% interests that our source thinks could be sold next.
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From Page 73 of Sears Canada's 2012 Annual Report.
1) The 8 joint venture leases sold to Montez, 2) Two Westcliff joint venture leases, still held at 50% by Sears Canada, 3) Three joint venture leases held by Sears Canada and Ivanhoe Cambridge |
A retail analyst further notes that Sears Canada's dividend payouts point to an otherwise gloomy future for the retailer. Keith Howlett of Desjardins Securities mentioned to the Toronto Star that in the first half of 2013, Sears Canada generated a loss from its retailing operations before tax of $56.9 million, while its profit before tax from joint venture real estate investments was $5.8 million. Howlett expects Sears Canada to pay a special dividend to shareholders before the end of 2013, and he estimates it to be as high as $6/share given recent lease sell-backs.
We see these dividends as indicative of a company seeking to cash-out its real estate, rather than a company looking to reinvest profits in a turnaround.
We'll continue to report on the winding-down of Sears Canada, as our source speculates that the company may no longer be in operation by the Spring of 2014.
[Sears Canada website]
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November 12, 2013, 10:08 pm
Canada's first John Varvatos store has opened at Toronto's Yorkdale Shopping Centre. The 3,600 square foot store is located in the mall's recently expanded wing, between Canada's first AllSaints store and the mall's high-volume Apple Store.
As part of the store opening, Varvatos is giving away a $1,000 gift card. To enter, you can follow this link via Yorkdale Shopping Centre: http://yorkdale.com/contest/john-varvatos
For those unfamiliar, John Varvatos is an American lifestyle menswear brand which designs, manufactures and retails high-end fashion. The company has won numerous awards and has attained a loyal customer following.
John Varvatos is in the process of a significant store expansion. It had 13 free-standing stores at the beginning of 2013 and expects to have a total of 20 by the end of 2014.
The Yorkdale Varvatos store is located in the new wing of the mall's most recent expansion. In November 2013, Wayne Gretzky opened the new 145,000 square foot wing which reportedly cost about $185 million. New tenants included Kate Spade, Ted Baker, Tesla Motors and Canada's first Microsoft Store, among others.
We'll update you on any further John Varvatos Canadian store openings, including a rumoured Vancouver store location.
[Yorkdale Shopping Centre website]
[John Varvatos website]
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November 12, 2013, 10:31 pm
Desigual has opened its first Canadian retail location at Downtown Montreal's Les Cours Mont Royal. The 2,400 square foot store is impressive and features a massive display of about 7,000 glass bottles suspended from the ceiling. We've been told it took about four days to complete the ceiling installation.
For those unfamiliar, Desigual is a Spanish-based, moderately-priced clothing brand noted for its patchwork designs, intense prints and colourful garments. It was founded in 1984 and sells clothing and accessories for men, women and children. The company achieved 60% annual sales growth between 2002 and 2009 and is still growing very rapidly.
The Montreal store is a franchise, though the store's merchandising and public relations are handled by the Desigual corporation. According to the business publication Les Affaires, Desigual could open stores in Toronto and possibly in other Canadian cities. A source informs us that the Montreal store is already showing stellar sales and if this trend continues, we can expect other Canadian Desigual stores.
Les Cours Mont Royal is a upscale destination shopping centre in Downtown Montreal. It was created in 1988, from a converted former hotel to retail space. It includes Montreal's only Club Monaco and DKNY stores, and some considerably upscale retailers such as designer women's store Ursula B. and a flagship Harry Rosen menswear store.
We'll keep you updated if Desigual opens any more Canadian store locations.
Thank you to bAuHaUs of Urban Toronto for directing us to this article by Les Affaires (in French) as well as providing the image above.
[Les Cours Mont Royal website]
[Desigual website]
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November 13, 2013, 10:37 pm
Sources say that The Shoe Company will open a Canadian chain of large-sized discount shoe stores, similar to America's DSW Designer Shoe Warehouse. Lease negotiations are already underway for its first store location in suburban Toronto. The new retailer will have a new name of which we're not yet aware.
We've been told that this retailer could be compared to DSW Designer Shoe Warehouse. For those unaware, DSW is an immensely popular American shoe retailer with almost 380 store locations. It sells designer shoes at discounted prices. Stores average at around 22,000 square feet and each carries about 24,000 pairs of shoes.
The new Canadian footwear retailer will face competition once Nordstrom Rack and Off 5th by Saks Fifth Avenue open their Canadian discount stores. If the Canadian footwear store is the same size as DSW, though, it will likely have a wider selection and more shoes than its competition. DSW stores are, in fact, almost as large as Nordstrom Rack and Off 5th stores, both of which carry not just shoes but also apparel and accessories.
DSW Designer Shoe Warehouse, itself, could still open stores in Canada. Another source tells us that the company is currently examining a Canadian retail strategy.
One of our sources for this article is bAuHaUs of Urban Toronto.
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November 14, 2013, 11:02 pm
LOFT by Ann Taylor opens its first Vancouver-area store today at West Vancouver's Park Royal Shopping Centre. The 4,823 square foot store is located in a new addition to the mall's south component, 'Park Royal South'.
LOFT opened its first Canadian store at Toronto's Yorkdale Shopping Centre in November 2012. It subsequently opened four Ontario stores this year.
LOFT is considered to be a more 'relaxed' and 'younger' version of its sister label Ann Taylor. Ann Taylor is a moderately upscale womenswear retailer. The United States has over 500 LOFT stores.
We'll continue to keep you updated on newly announced Canadian LOFT store locations, as the company has ambitious expansion plans.
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November 14, 2013, 11:07 pm
An Old Navy flagship store has just opened at the prominent intersection of Granville and Robson Streets in Downtown Vancouver. The two-floor store is actually larger than we had originally reported. In our original article in September 2012, we said that Old Navy had leased 12,365 square feet, mostly on the second level of the new 720 Robson Street building. As an update, we've been informed that Old Navy has leased the entire retail component of the building, comprising of about 17,400 square feet.![]() |
| Original asking rents for the first and second levels of 720 Robson Street. Old Navy now occupies units 101-104, as well as unit 201. Source: CBRE |
We're not sure exactly what rent Old Navy is paying, but the ground level's asking rent was substantially higher than that of the second floor (see image above).![]() |
| Update: Old Navy occupies both retail levels of this floorplan. Plan: CBRE |
The store is celebrating its grand opening on Saturday, November 16th. Vancouver Canuck Ryan Kesler will be in the store from 3:30pm to 5:30pm that day to sign autographs and be photographed. There will also be free skating at the nearby Robson Square ice rink.
RELATED:
[Old Navy website]
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November 17, 2013, 10:55 pm
Porsche Design has opened its second Canadian retail store location in Vancouver. A source tells us that the current location is only a temporary one, as there is a free standing store scheduled to open below the new Nordstrom in Vancouver's Pacific Centre toward the latter part of 2015.
The current, temporary Porsche Design store is located on the basement level of Hudson's Bay, adjacent to TopShop/TopMan. A source tells us that in early 2014, Porsche Design will relocate to a dedicated space within the Hudson's Bay store for a period of about 1.5 years, until its store below Nordstrom is completed. This permanent location will be in a 48,000 square foot expansion of Pacific Centre.
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| Concourse level of Vancouver's Downtown Hudson's Bay store, including the temporary location of Porsche Design. Note: The space indicated in light blue is currently for lease. Image: PBS Realty Advisors |
For those unfamiliar, Porsche Design retails high quality, high-priced clothing, accessories, luggage, watches and various novelties. The company was founded in Germany in 1972 to compliment the Porsche motorcar business. It concentrates on product design and products are often manufactured for a limited time. Porsche Design has 11 store locations in the United States as well as one outlet mall location. It also boasts store locations worldwide and its products are also carried in various upscale international retailers.
Porsche Design's first Canadian store opened at 77 Bloor Street West in Toronto in the summer of 2012. The 1,600 square foot store has been popular with affluent shoppers, according to Retail Insider's Karim Rashwan.
For a while, it appeared that Pacific Centre's landlord was having trouble leasing the retail space located under the mall's future Nordstrom store. We've been informed that some retailers have finally signed leases beneath Nordstrom, including, of course, Porsche Design. We'll discuss some of the other new retailers at a later date.
[Porsche Design website]
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November 17, 2013, 11:53 pm
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| Example of retail store hoarding from Hoarding for Humanity |
We found this concept interesting: former store construction hoarding being donated for sale, with proceeds going to a worthwhile charity. Drywall hoarding facades are often used for the front of stores under construction, and Hoarding for Humanity has found a way to recycle this drywall by donating it to the Habitat for Humanity Canada ReStores. The following is a description from the company itself:
"Hoarding for Humanity is a refreshing, innovative and eco-friendly solution to hoarding. We design and install temporary construction enclosures in major shopping centres across southern Ontario. Hoarding (mainly consisting of drywall) is the third leading component in construction and demolition waste partially due to its short life span.
Hoarding for Humanity has developed an environmentally friendly approach to the hoarding process by supporting Habitat for Humanity Canada and their nearly100 ReStores across Canada through the donation of the gently used hoarding material.
Habitat for Humanity Canada volunteers sell new and quality used construction material in their ReStores as part of their fundraising effort for their home building projects for those in need in their respective communities. Drywall is a commodity the ReStores are in need of thus a partnership was formed between Habitat for Humanity Canada and Hoarding for Humanity.
To date Hoarding for Humanity and their affiliate shopping centres have donated over 213,000 sq. ft of hoarding material and have raised over $40,000 for the Habitat For Humanity Canada ReStores and their efforts. The donated drywall weighs over 260,000 lbs and if the sheets were laid next to each other, they would stretch to the height of 19 CN Towers. That’s a lot of CN Towers kept out of landfill."
For more on this wonderful concept, we direct you to their website: www.hoardingforhumanity.ca
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November 18, 2013, 11:22 pm
German luxury retailer Porsche Design will open stores across Canada according to sources, and its list of desired cities includes Calgary, Ottawa, Montreal, Vancouver and possibly Edmonton. It is also expected to open at least one more Toronto-area store. The company is testing the market, having already opened a pop-up shop at Toronto's Sherway Gardens as well as a temporary store location in Vancouver. We'll briefly describe Porsche Design's potential plans in several cities:
Calgary: A source at Porsche Design tells us that the company is looking to open in Calgary's Chinook Centre, ideally close to the mall's new Nordstrom store which is scheduled to open in the fall of 2014. The source wasn't sure if Porsche Design has already signed a lease in the mall.
Toronto:Porsche Design's Sherway Gardens pop-up store, which opened a few days ago, will remain open for only about two months. A company representative says that Porsche Design is hoping to secure a permanent retail presence in the mall by the end of 2014.
Another possible Toronto store location could be at the Yorkdale Shopping Centre. A source tells us that Porsche Design might look to take over the 1,365 square foot retail space currently occupied by ICON Shoes, as ICON's lease expires in 2014. The space is located across from the mall's expanding Holt Renfrew store and is within close proximity to upscale stores such as Mulberry, Tiffany & Co., Cartier, Salvator Ferragamo, David Yurman and others.
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| Porsche Design pop-up shop at Toronto's Sherway Gardens. Photo: Sherway Gardens |
Edmonton: An Edmonton store is a possibility for Porsche Design, and we were informed that West Edmonton Mall would be the most likely location. Our source wasn't able to provide any further information as to when this could happen or its location within the mall.
Ottawa and Montreal:Ottawa and Montreal have both been mentioned as possible locations for Porsche Design stores, though we have few details besides Ottawa's Rideau Centre being the likely candidate for an Ottawa store location.
More on Porsche Design in Canada:
Porsche Design already has two Canadian store locations: one on Toronto's Bloor Street and another which opened last week in Downtown Vancouver. Further plans to expand show Porsche Design's confidence in Canada's luxury retail market.
It appears that Porsche Design's presence in Canada could become substantially greater, per capita, than that in the United States. Porsche Design only has 11 American store locations and one outlet location. Within a couple of years, Canada could have as many as 8 Porsche Design stores (though we suspect that number will end up being more like 5).
We'll continue to keep you updated on Porsche Design's Canada-wide store expansion.
[Porsche Design website]
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