Popular gourmet California ice cream chain Cauldron Ice Cream is set to open its first Canadian location in Toronto this summer.
Toronto-based franchise holding company W&S Canada Corp. has signed a lease at 502 Queen Street West – located in between Bathurst St. and Spadina Ave. – with plans to open the new location this summer. The company intends to eventually open several other locations in Toronto as well.
Cauldron, which launched in 2015, specializes in liquid nitrogen ice cream – a trendy new way of making small batches of ice cream instantaneously. Cauldron offers a variety of unique flavours such as Earl Grey Lavender, Milk and Cereal, S’mores, H20 Rose, Pineapple Express, and Red Velvet.
Image: Cauldron Ice Cream
Cauldron has gained notoriety for the artistic presentation of its ice cream, which is often served in the shape of roses. The chain is also well known for its “OG Puffle Cone”, an egg-based waffle cone that was inspired by a popular Hong Kong street snack.
“We had been following Cauldron for a while and were interested in finding a way to bring the innovative and exciting concept to Canada,” W&S Canada says in a statement emailed to Retail Insider.
The new Queen Street store will be Cauldron Ice Cream’s first location outside of California. The chain currently operates a handful of locations throughout California, including stores in Santa Ana, Artesia, Glendale and Chino Hills. The company has plans to open more than 10 additional locations, including stores in Orange, San Diego and Santa Clara counties.
Since Toronto has become a hotspot for trendy food items, with consumers willing to wait in lengthy lineups for foods ranging from cheesecake and donuts to tacos and burgers, W&S Canada says the city is an ideal location for Cauldron Ice Cream.
CAULDRON WILL REPLACE THE ‘EPICURE CAFE & GRILL’ AT 502 QUEEN STREET WEST. PHOTO: GOOGLE STREET VIEW.
“The first Cauldron store will be located in Toronto, which is a vibrant city that we love,” says the statement from W&S Canada. “We think Cauldron’s unique flavors and presentation will be a welcome addition to Toronto’s budding food community.”
The franchisees expect that Cauldron will become a destination within the city. “Cauldron will bring more than just ice cream to Canada,” W&S Canada says. “It will bring an experience.”
Upscale fragrance brand Atelier Cologne is expanding further into Canada this spring with its first standalone retail space that is set to be unveiled at Toronto’s Yorkdale Shopping Centre on Saturday, April 14. It’s a major score for the Toronto mall, considering that the retailer only has 14 stores globally, and only three of them in North America. More locations are in the works, however, as parent company L’Oreal embarks on an aggressive international expansion for the unique fragrance brand.
Christophe Cervasel and Sylvie Ganter
Atelier Cologne was founded in Paris in 2009 by husband-wife team Christophe Cervasel and Sylvie Ganter, who met in New York City in 2006 and turned their true love story into a business. The company is considered to be the first fragrance house entirely dedicated to cologne. According to the company, it has “been reinventing the world of perfume with Cologne Absolue, an entirely new olfactive family of natural, unprecedentedly long-wearing scents”.
The fragrances are “one hundred percent handcrafted in France with the highest quality raw materials from around the world,” with the website going on to say, “each pure perfume focuses on a hero ingredient that invites you to unbottle your story”.
The brand has 14 boutiques globally — three of them are in Paris, two are in London, two are in Hong Kong, three are in China (two in Shanghai and one in Cheng Du) one is in Seoul, and three are in the United States. In the US, Atelier Cologne has two boutiques in New York City (one in Manhattan and one in Brooklyn) as well as in San Francisco. Yorkdale will be the brand’s first mall-based store in North America.
Brooklyn Boutique
Hong Kong Storefront
Paris Boutique
New York Storefront
“This first Canadian Atelier Cologne boutique marks a new chapter in the international expansion of the French Maison de Parfum and sets the tone for a true success story in Canada. We are very proud and excited to have this one-of-a-kind concept boutique for the first time in Canada to showcase and convey a unique brand experience to customers”, said Carl D Morisset, General Manager for L’Oréal Designer Brands, Canada.
CARL D MORISSET
The 625 square foot Yorkdale boutique will be located in the mall’s Nordstrom-anchored wing, across from Uniqlo and Muji stores. Atelier Cologne will feature more than 140 products including a focus on the Maison de Parfum’s best-selling fragrances, including the recently launched Iris Rebelle. Shoppers will have the opportunity to choose among 32 Colognes Absolues as well as the company’s line of soaps, body & hair shower gels, moisturizing body lotions, hand creams and a Home Collection of candles – all of which are produced with traditional French craftsmanship, according to the company.
Mr. Morisset explained that the store will have a variety of price points, ranging from about $34 for a rollerball to $295 for a larger bottle of fragrance. The store will also include candles (priced at about $95) as well as hand cream, shower gels and other products.
Customers will be encouraged to try and buy several fragrances — Mr. Morisset explained how the company encourages a “fragrance wardrobe” depending on one’s mood and activity.
Personalization with a customer-centric vision will be key to the new store location. Atelier Cologne Perfume Artists will provide fragrance consultations, and leather cases in 17 colours can then be personalized with a name, initials or a specific message by an engraving machine available on site. Atelier Cologne candles also include leather tags that can be customized, and the store will also feature a gift wrapping station.
The Yorkdale boutique’s Venetian blue storefront will catch the eye of passers-by, and its interior will feature ample use of wood as well as industrial furniture, vintage lamps and stools discovered by the founders during their travels around the world. As well, small orange tree plants will be found throughout — the orange trees reference the citrus base of some of Atelier Cologne’s fragrances, which have proven to be popular.
Mr. Morisset explained that Yorkdale was chosen as Canada’s first because of its exceptional productivity as well as its base of wealthy shoppers. Yorkdale is Canada’s most productive mall in terms of sales per square foot according to a Retail Council of Canada study and as well, the centre continues to add luxury retailers — that clustering has resulted in Yorkdale becoming a destination for affluent shoppers.
Yorkdale will be the first of several locations for Atelier Cologne in Canada, according to Mr. Morisset. Vancouver is a target for at least one store, he said, and Toronto could see a second boutique. Potential storefronts could be on street-fronts, in malls, and even airports in various markets — travel retail is increasingly becoming more important to retailers, with airports featuring some of the most productive retail spaces in the country. It’s too soon to tell just how many boutiques will open in Canada, and Yorkdale will act as an initial test market prior to a wider expansion.
Atelier Cologne locations are generally intimate in size — its largest store spans about 1,000 square feet over two levels at Covent Garden in London, while one of its two Hong Kong boutiques is about 250 square feet.
Saint Florentin Storefront
One of the reasons Atelier Cologne is rolling out standalone stores is so that the company can showcase its entire collection, in an environment that also reflects its branding and customer service expectations. The company will also remain in its numerous partners in Canada that include Sephora and Nordstrom, with the idea that standalone stores will also help enhance brand awareness at the company’s wholesale accounts.
The Yorkdale Atelier Cologne boutique opens at 10:00 am on Saturday, April 14th, and the first 50 people in line will receive a complimentary 30 ml Citron d’Érable fragrance (worth $90) and a passport gift card worth from $10 to $500. As well, every customer will be entered into a contest to win Atelier Cologne’s ultimate basket with 10 of the Maison’s most iconic products.
The opening will also signal the launch of The Atelier Cologne Journal, a 100% Canadian magazine created to discover “all things fragrance and a few of the Maison’s favourite things”. This luxurious print journal will offer information pertaining to the inspiration behind the house’s scents, tips on how best to build one’s fragrance wardrobe, and related photographs and illustrations.
Last week at Toronto’s Venture Out conference, Dax Dasilva, founder and CEO of Lightspeed, gave a keynote presentation about the importance of diversity in the world of business. Venture Out, which was held at the MaRS Discovery District, saw hundreds of attendees who came together to discuss tech and entrepreneurship in the LGBTQA+ community.
Hosted by John Moore, Morning Show host at Newstalk 1010 Radio, the Q and A discussed Lightspeed including the benefits of diversity in the workplace, and how different points of view can enrich business. Mr. Dasilva described how Lightspeed was founded on diversity, and how it continues to see strength from its team members who come from a variety of backgrounds. Inclusiveness was the message of the day, with a message to attendees that success is possible with hard work and perseverance.
Mr. Dasilva would know — he founded Lightspeed more than a decade ago, growing the company that now boasts the most powerful cloud-based commerce solution for independent retail and restaurants, and is one of the fastest-growing tech companies in Canada. Lightspeed has been working with independent retailers and restaurants and the company’s aim is to support these businesses, which are integral to our economy and to communities. The diversity of the retail industry further lends itself to a uniqueness sometimes not found in larger, more ‘mainstream’ retail chains.
The fireside chat also highlighted Mr. Dasilva’s involvement in the community through Never Apart, his not-for-profit organization that aims to ignite positive social change and spiritual awareness through cultural programming
In the discussion, Mr. Dasilva described the benefits to being in Montreal, which is considered to be one of the world’s most progressive and inclusive cities. Montreal is also seeing a tech boom that is providing opportunities to individuals from all walks of life. Lightspeed’s gorgeous new headquarter offices are located in a restored heritage hotel in Old Montreal, featuring a mix of modern design and century-old materials.
Lightspeed supports independent businesses and their respective communities — for every dollar spent at an independent retailer, it’s estimated that between $5 and $14 is created in value to the local community. Supporting the local economy builds confidence in the community while enabling local businesses to prosper and grow, while the site claims that for every dollar spent at a national chain store, about 80% of the money “leaves town immediately”.
PHOTO: VENTURE OUT
“The time is now for independents,” said Mr. Dasilva, going on to describe the advantage to being an independent retailer. “Small and medium-size retailers are more nimble — they have the ability to set up shop almost overnight and can easily navigate a transition from a solo brick-and-mortar presence, to an ecommerce and omnichannel platform. Omnichannel POS solutions like Lightspeed democratize the access for multiple sales channels, and smart independents are often the first to adopt new technology quickly,” he said.
More than 50,000 retailers and restaurateurs processing over $15 billion in transactions annually use Lightspeed to grow and manage their business. Founded in 2005 with offices in Canada, USA, and Europe, Lightspeed is backed by Accel Partners, iNovia Capital, Caisse de dépôt et placement du Québec (CDPQ) and Investissement Québec (IQ). Lightspeed has evolved from four employees working in a small Montreal apartment to over 500, spread over 8 offices around the world, and according to Mr. Dasilva, it’s preparing for an IPO that is expected for some time next year.
LIGHTSPEED’S IMPRESSIVE OLD MONTREAL HEAD OFFICE
Venture Out is Canada’s first conference for LGBTQA+ students and young professionals interested in careers in tech and entrepreneurship. Every year, they gather together with startups, speakers, and thought leaders from across Canada at MaRS Discovery District for workshops, receptions, panels, and networking opportunities.
Loma Ammar, a clinical geriatric pharmacist, has a passion for helping people lead healthier lifestyles.
It’s that passion that led her to establish CycleBar Windermere in Edmonton – the brand’s first upscale indoor cycling studio in Western Canada.
The Edmonton location, in about 3,000 square feet, will open March 26.
Ammar said the studio will have 51 stationary bikes in the cycle theatre.
“Essentially what we offer is high intensity, interval training on a stationary bike in the environment that is very similar to a nightclub. It’s dark. Loud music. There’s lights in there and it’s essentially a different way to get a workout in,” says Ammar.
“The benefits of cycling is that number one it’s excellent for cardiovascular activity. Very, very low impact . . . And on top of it all, it’s fun. The music. The fact that there’s 50 people in a room sweating it out together, feels like you’re in a concert then you’re done. Essentially it brings together all these different elements that working out in a regular gym or working out on your own you don’t typically get. There’s something about group fitness. You feed off the energy of those around you.”
CycleBar has more than 150 locations in North America.
“They’ve branched out into areas even overseas, Dubai and Great Britain, and we are number two in Canada. The first location was in Toronto and that opened last year,” says Ammar.
The Edmonton location is in the southwest part of the city in the Currents of Windermere shopping plaza.
The studio will feature a stadium-tiered spin theatre, giving each rider a clear view of their instructor and allowing for movement between the bikes. Classes range from beginner to pro. After each workout, CycleStats are emailed to riders providing a breakdown of personal metrics like heart rate, power, calories, and more.
Amenities will include spin shoes, bike selection at time of booking, snacks, water, free parking and high-end toiletries, providing a spa-like atmosphere.
“Boutique fitness is a little bit different than big box gyms. So what we do is essentially create a space where all you really need to do is show up,” says Ammar. “It’s more like a spa than a gym if you think about it that way. The whole purpose is to create a space that’s really embedded in the community and is also like a hub. A hub of fitness where people come and get a workout in and also develop relationships with all the people that come."
“My intention is to create a space where people of all walks of life, and all fitness levels, can come together to become the greatest versions of themselves.”
The location will have about five or six classes per day during the week and three to four each day on the weekend.
Ammar’s personal journey in life pushed her in this direction of opening a CycleBar studio.
In 2016, she was diagnosed with breast cancer.
“As a woman, 38 years old you’re diagnosed with this disease and you’re thinking ‘okay I’m going to go through physical changes and all these things are going to happen to me. I’m going to lose a breast and lose my hair’. That all happened but throughout it all I maintained my physical activity and I felt like that really pulled me through. So for me it was knowing that about myself and knowing that because I still worked out I felt good no matter what . . . I felt good from the inside and that’s what physical fitness did for me,” says Ammar.
Loma Ammar - Franchise Owner at CycleBar.
“And then after going through surgeries, I was doing research and found out that actually physical activity and exercise reduces the risk of cancer . . . It became something not only that I was doing to maintain my weight but also something I was doing to stay alive.”
It was during this time that she decided to open a spin studio.
“I wanted to create a place for others that can help them the way fitness helps me,” says Ammar. “That’s what took it to the next level and made me want to create space where people would come and feel better than when they came in. Essentially it’s a passion project for me . . . It comes from the heart. My intention is to promote to health and wellness.”
Nordstrom Rack at Vaughan Mills (Image: Nordstrom)
Nordstrom’s off-price division Nordstrom Rack has officially launched in Canada with its first location at Vaughan Mills in suburban Toronto. The store opens to the public on Thursday morning. Nordstrom says that is plans to open as many as 15 Nordstrom Rack stores in Canada, and the company has already revealed where six of these will be located.
All of Nordstrom Rack’s Canadian stores will feature fashions, accessories and shoes with savings of between 30% and 70% off regular prices, according to the company. Merchandise will be a mix of product from full-line Nordstrom stores (about 30% in Canadian Nordstrom Racks vs. about 15% in its US locations), as well as some items specifically purchased from top brands sold at Nordstrom. Included will be 38 of the top 50 brands carried in Nordstrom’s full-line Canadian stores.
(RENDERING OF THE TORONTO BLOOR STREET NORDSTROM RACK, OPENING ON MAY 3)
The Vaughan Mills Nordstrom Rack spans 35,315 square feet and is located across from a Nike Factory Store at the east end of the hybrid outlet centre. Vaughan Mills was also home to off-price Saks OFF 5TH’s first Canadian store, which opened in March of 2016. TJX-owned Winners/HomeSense is also a tenant at Vaughan Mills and until recently, Holt Renfrew’s off-price concept hr2 had a store there, though it closed permanently along with hr2’s location in suburban Montreal.
Nordstrom Rack’s second Canadian store will open on April 26 at Deerfoot Meadows in Calgary. Construction on the 30,600 square foot store is nearly complete, according to locals. Calgary was also home to Canada’s first full-line Nordstrom store that opened in September of 2014 at CF Chinook Centre, only about four kilometres from Deerfoot Meadows.
VAUGHAN MILLS STORE. PHOTO: NORDSTROM RACK
On May 3 of this year, Nordstrom Rack’s first location in a Canadian downtown will open at the southeast corner of Yonge Street and Bloor Street East. It’s a very prominent location at the corner of one of the most important intersections in Canada in Toronto’s upscale and rapidly changing Bloor-Yorkville area. The 38,545 square foot two-level Nordstrom Rack store will include 8,870 square feet on the ground floor that will occupy the corner space of a retail podium now owned by First Capital Realty, with an additional 29,675 square feet of space to be located upstairs. The One Bloor Street East mixed-use tower includes a 76-storey tower with hundreds of condominium units and at its base, a Mark McEwan grocery store will open later this year in an 18,000 square foot space with a Yonge Street entrance that will be below Nordstrom Rack on the podium’s concourse level.
Nordstrom has also confirmed that it will be opening three Canadian locations in the fall of 2018, with dates to be revealed closer to their opening. These will include locations at The Ottawa Train Yards in Ottawa, at South Edmonton Common in Edmonton, and at Heartland Town Centre in Mississauga. All three locations will be approximately 35,000 square feet, according to Nordstrom.
Nordstrom has said that it plans to operate between 12 and 15 Nordstrom Rack stores in Canada, at a time when the country is seeing unprecedented growth in off-price retailers. TJX Canada’s off-price concepts Winners, Marshalls and HomeSense continue to open stores at a rapid pace Canada-wide, and the demise of Target and Sears Canada have helped the company secure more real estate for new stores. The Hudson’s Bay Company’s off-price Saks OFF 5TH concept is also expanding rapidly, with plans to operate approximately 25 stores across Canada by the end of this year.
Nordstrom Rack was initially supposed to open its first Canadian stores in 2015 but the company took a pause and delayed it by about three years. Logistics/distribution, product assortment and the failure of Target in Canada were said to be considerations.
Northwest Atlantic is the brokerage representing Nordstrom and Nordstrom Rack in Canada, and has negotiated deals nationwide.
The project had high hopes of being successful when it was first announced in December of 2013. Since then, the landlord has announced that the outlet mall will be larger than first anticipated, spanning about 428,000 square feet over one level, housing about 100 retailers. Being that the centre is in Edmonton, it will be enclosed — something that is generally rare for outlet centres in North America. The partners have reportedly invested about $215 million into building the centre.
More than 1,200 new jobs have been created with the project — that includes more than 1,000 retail jobs, as well as about 200 construction- related jobs. On March 24 and 25, more than 40 retailers will be hosting a job fair at the Renaissance Edmonton Airport Hotel, Cartier Ballroom, between 11:00 am and 4:00 pm.
(CLICK FOR INTERACTIVE GOOGLE MAP)
A unique feature to the centre is an ‘experiential market’ called SHARE, which “will bring together local producers, artisans and a local specialty coffee shop fostering a sense of the Edmonton community at the heart of the outlet experience”, according to the landlords. Other features listed include home delivery of purchases and even cell phone charging stations.
“We’re extremely proud to be bringing this new guest-focused shopping experience to Edmonton and surrounding areas, providing an enhanced value proposition to both shoppers and the Alberta Capital Region,” said Jason Bos, General Manager of Premium Outlet Collection EIA, Ivanhoé Cambridge. “This unique centre is expected to be a sought-after shopping destination, drawing value-seeking, fashion-conscious shoppers, travellers in transit and tourists visiting the province.”
The Premium Outlet Collection Edmonton International Airport has announced 70 retailers that will be opening in the centre, which includes a mix of anchors and smaller retail spaces. Here’s the list provided, followed by our opinions based on what’s already in the market.
Anchors:
DSW – Designer Shoe Warehouse
Forever 21
H&M
Nike Factory Store
Old Navy Outlet
Marshalls (summer Opening)
Discussion: This is a decent roster of anchor retailers — though somewhat unremarkable considering that most of them already have stores in the Edmonton market. DSW, Forever 21, H&M and Marshalls all have multiple locations in the area, and Nike and Old Navy also have stores — though not necessarily with as much outlet product as what will be found in the new Premium Outlet Collection Edmonton International Airport.
The following is a list of the remaining 68 retailers confirmed for the centre:
La Vie En Rose
Lacoste (summer opening)
Laura Outlet
Levi’s® Outlet Store
Lids Outlet
Lindt Outlet
Lolë Outlet
Lucky Brand Jeans Outlet
Mia Pasta (summer opening)
Michael Hill
Mobile Snap
Mountain Warehouse
Naturalizer Outlet
New York Fries
Peoples
Perfumes 4 U
Rocky Mountain Chocolate Factory (summer Opening)
RW & Co.
Samsonite Outlet
Shanghai 360
Simply Health
Skechers
Soft-Moc Shoe Rack
Starbucks
Street
Suzy Shier Outlet
Thai Express
The Body Shop
Thinkkitchen
Under Armour
Urban Kids
West 49
Wetzel’s Pretzels (summer opening)
Wirelesswave
(RENDERING: IVANHOÉ CAMBRIDGE)
A&W
Adidas (summer opening)
Adore (summer opening)
Aldo Outlet
American Eagle Outfitters
Banana Republic Factory Store
BarBurrito
Barcelos Flame Grilled Chicken
Bench Outlet
Bentley
Bento Sushi
Bluenotes
Boathouse
Call it Spring Outlet
Carat Jewellers Outlet
Carter’s Osh Kosh babies and kids
ChaChi’s
Chatters Salon and Beauty Supply
Cellicon
Columbia Factory Store
Crepe Delicious
Davids Tea
Designer Depot
Ecco
Edo Japan
Famous Footwear Outlet
Freshly Squeezed
Gap Factory Store
Gateway Newstands
GNC
Guess? Outlet
International Clothiers Factory Outlet Store
Jugo Juice
KFC
Again, a terrific group of retailers will open at the Premium Outlet Collection Edmonton International Airport, though many of the retailers listed already have stores in the Edmonton area. Retailers at the outlet might therefore be best served to market their outlet locations as having the ‘best’ assortment of discounts at the lowest prices, and exclusives might also be a useful way to drive much-needed traffic. It will remain to be seen how much of a draw the new centre will be to those living in Edmonton and surrounding communities, as well as to see if airport travellers will utilize the centre as part of their journey.
When we first reported on the outlet mall proposed for the Edmonton International Airport, we had expected Saks OFF 5TH and/or Nordstrom Rack to anchor the centre. We now know that’s not the case — nearby South Edmonton Common, which is considered to be the largest power centre in Canada, houses Saks OFF 5TH and in the fall, Nordstrom Rack will also open in the centre.
(RENDERING: IVANHOÉ CAMBRIDGE)
West Edmonton Mall, as well, features a wide range of retailers at various price points. On a recent visit, we discovered that the mall has leased space to some unique retailers, including a cannabis retailer that will occupy more than 10,000 square feet of space, and a Bitcoin retail space that will be unlike anything in Canada to date. West Edmonton Mall boasts more than 800 retailers and it’s working aggressively to create an even more compelling mix, in order to maintain market dominance.
We’ll report again on Premium Outlet Collection Edmonton International Airport around the time when it opens in May, as well as when we learn of more tenants — we’re told that up until recently, there were still vacancies that needed to be filled.
The historic commercial building at 238 Queen Street West in Toronto will see an overhaul that will include renovations and new tenants, as well as a rebranding that will have it re-named ‘Queen Street Eats’. The new multi-vendor food central concept will feature several new food and beverage tenants that will be positioned along an interior corridor.
Site plans show options for configurations that range between six and eight vendors, and listing brokerage Savills has put out a request for proposal for restaurant tenants seeking space in the area. Savills recently expanded into Canada under the direction of seasoned broker Jordan Karp (and his team, see below), who is now the Executive Vice President and Head of Retail Service for the Canadian operations of the UK-based brokerage.
Rendering: Queen Street EatsQueen Street EatsQueen Street EatsRendering: Queen Street Eats
Queen Street Eats is marketing itself as ‘the next great food destination on Queen Street West’, and its location is exceptional. Directly across the street is the iconic Much Music Building which houses CTV Studios, and the immediate area boasts a daytime population well in excess of 200,000, consisting of area residents, workers, tourists and daily shoppers.
The space is being designed to address both the customer experience and the operational needs. Communal seating, shared washrooms and an overall ambiance is expected to attract customers, and tenants will benefit from properly placed and sized back of house areas, including cold and dry storage. Queen Street Eats will be open in the daytime and well into the evening, serving an area that is busy almost 24/7.
Included is a heritage facade built in 1912, which was designated a heritage site by the City of Toronto in 1975. The building has considerable character and is a landmark on the street.
Queen Street Eats provides an opportunity for QSR operators that might not otherwise be able to open in the area — rents often exceed $100 per square foot net on Queen Street West, and older buildings are often a challenge to repurpose. Operators will have the opportunity to be ‘centre stage’ both day-and-night in the building that will have communal seating — something new to the building. Curated food concepts will draw people into the unique physical environment that includes back-of-house operations that will be on the lower level.
Landlords are embracing food and beverage tenants because they bring people in — after all, most people eat and drink with greater frequency than they do purchasing goods such as fashion. In the case of 238 Queen Street West, the entire property is being positioned as something that isn’t quite a food hall, nor a food court, but an intimate collection of vendors that will serve the area.
For more information, contact:
Jordan Karp* Executive Vice President jkarp@savills.ca DIRECT: 416.922.2223
The Bank of Canada is raising awareness for retailers of a new $10 bill that is vertical in shape so the industry is prepared to accept the money from consumers when it enters into circulation later this year.
MANUEL PARREIRA, REGIONAL DIRECTOR WITH THE BANK OF CANADA
The new bank note featuring Viola Desmond, which was introduced recently, features the first time that an iconic Canadian woman is portrayed on a regularly circulating Bank of Canada note.
“This new $10 note is the first vertically oriented bank note issued in Canada. This will allow for a more prominent image of Viola Desmond and differentiates this new $10 note from the current polymer notes,” said the Bank of Canada when it announced the new currency.
Manuel Parreira, Regional Director with the Bank of Canada, said the new $10 bill is like any other bank note in circulation.
“It depends on the specific retailers but it should have no impact at all as to whether it’s a cash handler, whether it’s a retailer, whether it’s a consumer, or even a machine,” said Parreira.
THE BOLD SECURITY FEATURES ON THE VERTICAL $10 NOTE ARE EASY TO CHECK AND DIFFICULT TO COUNTERFEIT.
“Somebody who owns a bank note machine or a note acceptor there will probably be some changes required in that and our commitment . . . is that people are confident in using (it) and also that the machines accept (it). But we work with those organizations in advance, the bank note equipment manufacturers, and we make sure that they have the specs that they need in order to prepare for the issue of the note in circulation.”
Parreira said the Bank of Canada works with various stakeholders in all the different sectors to make sure that they are informed, aware and prepared for the note to come out.
“And as we get closer to the day of the issue, the day it physically comes out, we follow up on those stakeholders again,” he said. “We’ll create or ensure that there’s lots of media, lots of communication with our stakeholders . . . So it’s really an awareness campaign that we spread throughout Canada.”
ANNOUNCEMENT OF NEW NOTE. LEFT IS VIOLA DESMOND’S SISTER, WANDA ROBSON, WITH FINANCE MINISTER BILL MORNEAU ON THE RIGHT. PHOTO: BILL MORNEAU TWITTER.
He said the new $10 bill will be circulating alongside the current $10 bill. The current $10 bills will slowly be pulled out of the system as they wear out.
The Bank of Canada said Viola Desmond was selected for the new $10 bank note by Finance Minister Bill Morneau following an open call to Canadians to nominate an iconic Canadian woman for the next redesigned bank note. A successful Black Nova Scotian businesswoman, Viola Desmond defiantly refused to leave a whites-only area of a movie theatre in 1946 and was subsequently jailed, convicted and fined. Her court case is one of the first known legal challenges against racial segregation brought forth by a Black woman in Canada, explained the Bank of Canada.
The Bank said the new $10 will be printed on polymer, which was introduced to Canadian bank notes in 2011. The vertical bank note is the same size, has the same functionality as existing Canadian bank notes and should not change how people handle cash, added the Bank.
“Our bank notes are designed not only to be a secure and durable means of payment, but also to be works of art that tell the stories of Canada. This new $10 fits that bill,” said Bank of Canada Governor Stephen Poloz, in a statement. “I’m immensely proud of all the innovation that went into this note—from the public consultation process that encouraged a national conversation on the important contributions of women in Canadian history, to the note’s beautiful vertical design, to its cutting-edge security features. Canadians can use this note with both confidence and pride.”
It’s part of a larger multi-year redevelopment of the popular Quebec City shopping centre, which will see almost $230 million invested into the centre when all is said and done. Common areas are being overhauled, as is the mall’s amusement park ‘Mega Parc’, which is being redesigned with a ‘steampunk’ theme and will reopen towards the end of this year. Last week, Quebec City-based La Maison Simons opened an 80,000 square foot ‘new generation’ eco store in part of the mall’s former Target space, freeing up Simons’ former 46,000 square foot space for the redevelopment.
The new food marketplace, which is described as being a modern space inspired by European marketplaces, will be unveiled in the fall of 2019 and will showcase local food vendors and their products. A variety of artisans and merchants will offer specialties including meats, fish, seafood, cheese, spices, oils, olives, bread, pastries, juices, coffee, and various other fine products. The goal will be to offer quality and freshness at one location.
As part of the food hall redevelopment in the former Simons space, the region’s first RICARDO Boutique + Café will open in the centre in a 9,000 square foot location. The food marketplace will be home to a boutique (featuring cookware, the art de la table collections and gourmet favourites) and a café that will seat up to 90 people. An adjacent 745 square foot patio will accommodate more than 50 people. It will be Ricardo’s third location (its second opened in Laval in November of 2017) representing an investment of nearly $2 million that will lead to the creation of 60 jobs. Owned and operated by TV host and businessperson Ricardo Larrivee, the new RICARDO Boutique + Café will be the first in the chain to offer an express counter with a variety of meals and desserts to-go.
“We’ve been looking to open in Quebec City for a long time. We loved the idea of this new food marketplace that combines our mission with our concept. We can’t wait to welcome our first guests!”, said Ricardo Larrivee, who also leads the highly successful RICARDO Magazine that boasts a circulation of over 1,000,000 readers every issue.
[See below for a video showcasing the new project]
“We are proud to welcome RICARDO Boutique + Café to Galeries de la Capitale! It’s always a pleasure to partner with an industry leader who, like us, is constantly striving to innovate and do better,” said Stéphan Landry, General Director of Galeries de la Capitale.
Along with RICARDO, the new food marketplace will feature two restaurants as well as a kitchen space reserved for fine-dining demonstrations, workshops and conferences. It’s the third such food marketplace in an Oxford Properties mall, and its first for the landlord in Quebec.
Canadian mall landlords are investing in their properties like never before, with billions of dollars being poured into centres to continue to attract shoppers. Landlords are looking beyond traditional retail models and are seeking to add new food and beverage concepts, as well as entertainment concepts, in order to attract a broader range of shoppers and keep them on-site. Given the demise of Target and Sears in Canada, landlords have more options to repurpose space in their malls beyond that of traditional fashion and anchor retailers.
Galeries de la Capitale scores high with ‘retailtainment’ with its in-mall amusement park as well as housing the only IMAX movie theatre in the area. The centre is the largest in Quebec with almost 1.5 million square feet of GLA, with about 280 stores and 10 million annual visitors.
[BLOOR STREET ENTRANCE/FACADE ON SUNDAY, MARCH 18]
Paris-based luxury brand Saint Laurent (formerly ‘Yves Saint Laurent’) has opened a street-level boutique on Toronto’s Bloor Street West ’Mink Mile’. The shop is technically a concession within the Holt Renfrew complex at 50 Bloor Street West, though it functions as a standalone boutique and carries the company’s entire collections for men and women.
The boutique features both a street-facing entrance onto Bloor Street, as well as access and a marble facade from within Holt Renfrew’s cosmetics department. Marble and metal are the themes throughout Saint Laurent’s new store — flooring and walls are primarily marble clad, and mirrors make the space appear even larger than it is.
Unlike the Toronto Yorkdale Shopping Centre Saint Laurent that opened in November of 2016, the Bloor Street Saint Laurent is divided into separate areas that include menswear, women’s ready-to-wear, footwear and accessories. Handbags proliferate at the front of the store facing Bloor Street along with a selection of pricey women’s fashion from the Spring/Summer 2018 collection, and men’s is further to the back.
[CLICK FOR INTERACTIVE GOOGLE MAP]
[ACCESSORY AREA IN THE FRONT OF THE STORE]
Saint Laurent is the latest renovated area of the 50 Bloor Street West Holt Renfrew store, which is seeing piecemeal renovations to selected departments. Sources in the company say that a bigger renovation is planned with details to follow. What’s interesting, as well, is that the Saint Laurent boutique at 50 Bloor carries menswear, and that it wasn’t included in the current standalone 16,500 square foot men’s store at 100 Bloor Street West.
The new Saint Laurent boutique actually takes part of the former men’s floor at the 50 Bloor Holt Renfrew store. All of the 50 Bloor menswear was moved to the 100 Bloor Street West men’s store last year. Holt Renfrew has been making changes to its 50 Bloor Street premises and last summer, it reduced the store’s size by about 3,800 square feet when it gave up ground level space that is technically part of the adjacent 60 Bloor Street West office tower. That space remains vacant.
[WOMEN’S READY-TO-WEAR AT THE FRONT OF THE STORE]
[SAINT LAURENT OCCUPIES THE WEST SIDE OF HOLT’S GROUND FLOOR, BEING ON THE LEFT-HAND SIDE OF THIS PHOTO]
[THIS PHOTO WAS TAKEN FROM WITHIN HOLT RENFREW’S GROUND FLOOR COSMETICS HALL, SHOWING THE ENTRANCE TO THE NEW SAINT LAURENT. MEN’S SHOES CAN BE SEEN IN THE PHOTO]
In some respects, Holt Renfrew is taking a page from its past by offering Saint Laurent street-level space with its own entrance. In the 1990’s, Giorgio Armani had street-facing boutiques at Holt’s in Toronto and Montreal and more recently, Chanel opened a 5,000 square foot street-level concession at Holt Renfrew in Vancouver that faces onto Dunsmuir Street — though it is only accessed from within Holt’s.
[WOMEN’S SHOES. PHOTO: DAVID IAN GRAY]
[LOOKING INTO THE STORE FROM HOLT’S COSMETICS DEPARTMENT. MEN’S READY-TO-WEAR IS AT THE BACK OF THE PHOTO]
The new Saint Laurent gives Bloor Street a luxury boost — the stretch near Holt’s is for the most part more mid-market, featuring locations for retailers such as The Gap, Aritzia and H&M. That will change towards the end of this year when an overhauled Birks jewellery store flagship will be unveiled, housing street-front entrances for pricey shop-in-stores including Van Cleef & Arpels and Breitling.