SUITSUPPLY TO OPEN FIRST CANADIAN STORE ON TORONTO’S HAZELTON AVENUE

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November 4, 2013

image-asset - 2021-04-07T223041.637 — Rendering of Toronto's new Suitsupply store. We borrowed this image from an article published by Sharp for Men Magazine.

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]

NORDSTROM WILL SOON BE HIRING CANADIAN DEPARTMENT MANAGERS

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Retail Insider

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November 4, 2013

image-asset - 2021-04-07T222808.768 — Photo: Nordstrom

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]

TOPSHOP OPENS TOMORROW AT CALGARY’S CHINOOK CENTRE

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Retail Insider

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November 1, 2013

image-asset - 2021-04-27T224715.402 — Photo: TopShop

TopShop/TopMan opens tomorrow at Calgary’s Chinook Centre. The store will be about 15,000 square feet and will be adjacent to its franchise owner, Hudson’s Bay.

There’s no word yet as to if TopShop/TopMan will open a full-sized store within Downtown Calgary’s Hudson’s Bay store or at any other suburban locations. Downtown Calgary’s Hudson’s Bay carries some collections but does not yet feature the large TopShop stores found within some other Hudson’s Bay flagships.

This is the latest popular retailer to open at Chinook Centre. Other recent additions to the mall have included J. Crew, Hugo Boss and Eileen Fisher. Nordstrom will also open its first Canadian store in the mall next year.

Chinook Centre is one of North America’s most productive malls. It sees sales of almost $1,100/square foot/year and by 2016, it is expected to have annual sales of close to $1 billion with non-anchor sales of about $1200/square foot. In addition to a recent expansion and the opening of Nordstrom, the mall will be undergoing a further expansion that will include an outdoor ‘town centre’ environment.

[Chinook Centre website]

[TopShop/TopMan website]

CANADA’S FIRST JOE’S JEANS OPENS AT VANCOUVER’S OAKRIDGE CENTRE

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Retail Insider

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November 1, 2013

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]

LONG-AWAITED ARRIVAL OF H&M IN WINNIPEG

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Retail Insider

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October 31, 2013

image-asset - 2021-09-13T221434.766 — Image: H&M

After much anticipation, H&M has announced that it will open its first Winnipeg store at the Polo Park Shopping Centre. It will open in October 2014 and will be one of Canada’s largest, spanning approximately 25,000 square feet.

Polo Park’s Facebook page created hype this week by declaring that it had a “HUGE store announcement” to make. Many excited Facebook users guessed correctly and judging by the posted comments, H&M’s Winnipeg entry has been long anticipated.

We can’t confirm where H&M will open within the mall, and the mall’s landlord Cadillac Fairview is being secretive about its eventual location. Upon review of Polo Park’s lease plans and given the size of the new H&M store, we think it will occupy part of a former 97,000 square foot Zellers store on the second level of the mall. We’ve been told that the former Zellers space could be subdivided for between 25 and 30 new retailers, and H&M could be one of these.

Former Zellers space, expected to be subdivided, could include the new H&M store

According to sources, H&M has been searching for the “right space” in Winnipeg for several years. We speculated that H&M could open at Polo Park as part of an article where we discussed the possibility of Nordstrom and La Maison Simons opening in the mall.

H&M’s largest Canadian store is at the Toronto Eaton Centre and it occupies 33,057 square feet, according to landlord Cadillac Fairview. Canada’s second-largest H&M store at Vancouver’s Pacific Centre is almost as large, measuring in at 31,437 square feet.

[Polo Park website]

[H&M website]

SAKS INCORPORATED SHAREHOLDERS APPROVE MERGER WITH HUDSON’S BAY COMPANY; CLOSING PLANNED FOR NOVEMBER 4, 2013

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Retail Insider

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October 31, 2013

This is good news for those anticipating the completion of Saks Fifth Avenue’s purchase by the Hudson’s Bay Company. Saks shareholders have approved the merger, and the deal is scheduled to close next Monday.

99.4% of Saks shareholders approved the deal. Potential litigation by shareholders has also been settled.

The following is the full press release regarding the Saks sale:

BusinessWire · Oct. 30, 2013 | Last Updated: Oct. 30, 2013 4:06 PM ET
Hudson’s Bay Company (TSX:HBC) (“HBC” or the “Company”) announced that the merger of Saks Incorporated with HBC was approved at a special meeting of Saks Incorporated shareholders held earlier today. Accordingly, HBC plans to complete the merger on November 4, 2013.

The merger will create a premier North American fashion retail business centered on three iconic retail brands – Hudson’s Bay, Lord & Taylor and Saks Fifth Avenue. The combined Company will operate a total of 320 stores, including 179 full-line department stores, 72 outlet stores and 69 home stores in prime retail locations throughout the U.S. and Canada, along with three e-commerce sites. The combined Company would have generated pro forma sales and normalized EBITDA in fiscal 2012 of approximately C$7.2 billion and C$587 million, respectively, before any synergies.

“With the addition of Saks Fifth Avenue, we will begin an exciting new era for HBC,” said Richard Baker, HBC’s Governor and CEO. “By uniting Saks, Hudson’s Bay and Lord & Taylor, we are creating a platform built upon three brands with a rich heritage in retailing. We will be well positioned to serve customers across a range of shopping experiences, including the luxury, mid-tier and outlet categories. We plan to invest in the growth potential of each brand and category. And, we will unlock the tremendous potential of the Company’s world-class real estate assets. As we pursue our strategic growth plans, we look forward to driving increasing value for HBC shareholders.”

Growth Opportunities for Saks Fifth Avenue
HBC has stated that it plans to expand the Saks’ banner to Canada, opening as many as seven full-line Saks Fifth Avenue stores and up to 25 OFF 5TH outlet locations over the next several years. The Company intends to expand Saks’ e-commerce presence in Canada by establishing a Canadian saks.com website. HBC will also continue Saks’ existing plans to further expand the OFF 5TH footprint in the U.S.

As previously announced, HBC expects the merged enterprise to achieve C$100 million of annual synergies within three years through a combination of shared services, operational efficiencies and implementing best practices across banners.

Experienced Retailing Leadership

HBC also announced key executive leadership roles at the corporate and business unit levels. As previously reported, Marigay McKee will become President of Saks Fifth Avenue, effective January 6, 2014, and Liz Rodbell will become President of the HBC Department Store Group (Hudson’s Bay and Lord & Taylor), effective February 1. Both will report to HBC’s Office of the Chairman, which consists of Richard Baker, Governor and CEO, and Don Watros, Chief Operating Officer of HBC.
Saks Fifth Avenue will remain a separate operating unit under the HBC umbrella, maintaining its own merchandising, marketing and store operations teams. Saks’ operations will continue to be headquartered at its existing New York City offices. Additionally, key members of Saks’ senior merchant and store-level leadership teams will remain in place following the merger. The Company also noted that key members of its corporate leadership team, including Chief Operating Officer, Don Watros, and Chief Administrative Officer, Marc Metrick, held senior management positions at Saks prior to joining HBC.
In addition, HBC announced a number of key members of its Corporate Shared Services group, which was created to provide an effective platform for the operation and growth of the Company and its retail brands. The Shared Services group, which reports to the Office of the Chairman, includes: Marc Metrick, Chief Administrative Officer; Mike Culhane, Chief Financial Officer; David Pickwoad, General Counsel; Brian Pall, President-Real Estate; and Kerry Mader, EVP-Store Planning, Design & Construction.
About Hudson’s Bay Company
Hudson’s Bay Company (HBC), founded in 1670, is North America’s longest continually operated company. In Canada, HBC operates Hudson’s Bay, Canada’s largest department store with 90 locations, unsurpassed in its fashion, beauty, home and accessory designers and brands, as well as thebay.com. HBC also operates Home Outfitters, Canada’s largest home specialty superstore with 69 locations across the country. In the United States, HBC operates Lord & Taylor, a department store with 49 full-line store locations throughout the northeastern United States and in two major cities in the Midwest, and lordandtaylor.com. With approximately 29,000 Associates in Canada and the U.S., Hudson’s Bay Company banners provide stylish, quality merchandise at great value, with a dedicated focus on service excellence. Hudson’s Bay Company trades on the Toronto Stock Exchange under the symbol “HBC”.

Forward-Looking Statements
There can be no assurance that the transaction will close or that an equity or debt offering will be undertaken or completed in whole or in part or the timing of any such transaction. No securities will be offered or sold in the United States or to U.S. persons absent registration under the U.S. Securities Act of 1933 or the availability of an applicable exemption from such registration. This press release does not constitute a solicitation of an offer to purchase, or an offer to sell, securities in the United States or elsewhere. Closing of the transaction is not conditional on the completion of any of the foregoing.
Information in this press release that is not current or historical factual information may constitute forward-looking information, including future-oriented financial information and financial outlooks, within the meaning of securities laws, related to the timing and completion of the Saks acquisition (including the financing thereof) and the anticipated benefits of such acquisition, including the timing and value of anticipated synergies, revenue growth potential, unlocking real estate portfolio and reducing HBC’s quarterly dividend. This information is based on certain assumptions regarding expected growth, results of operations, performance, and business prospects and opportunities. While the Company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Forward-looking information is subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what the Company currently expects. These risks, uncertainties and other factors include, but are not limited to: credit, market, currency, operational, liquidity and funding risks, including changes in economic conditions, interest rates or tax rates, the timing and market acceptance of future products, competition in the Company’s markets, the growth of certain business categories and market segments and the willingness of customers to shop at the Company’s stores, the Company’s margins and sales and those of the Company’s competitors, the Company’s reliance on customers, risks and uncertainties relating to information management, technology, supply chain, product safety, changes in law, regulations, competition, seasonality, commodity price and business disruption, the Company’s relationships with suppliers and manufacturers, changes to existing accounting pronouncements, the ability of the Company to successfully implement its strategic initiatives, changes in consumer spending, managing our portfolio of brands and our merchandising mix, seasonal weather patterns, economic, social, and political instability in jurisdictions where suppliers are located, increased shipping costs, potential transportation delays and interruptions, the risk of damage to the reputation of brands promoted by the Company and the cost of store network expansion and retrofits, compliance costs associated with environmental laws and regulations, fluctuations in currency and exchange rates, commodity prices, the Company’s ability to maintain good relations with its employees, changes in the law or regulations regarding the environment or other environmental liabilities, the Company’s capital structure, funding strategy, cost management programs and share price, the Company’s ability to integrate acquisitions and the Company’s ability to protect its intellectual property.
For more information on these risks, uncertainties and other factors the reader should refer to the Company’s filings with the securities regulatory authorities, including the Company’s annual information form dated April 30, 2013, which is available on SEDAR at www.sedar.com. To the extent any forward- looking information in this press release constitutes future-oriented financial information or financial outlooks, within the meaning of securities laws, such information is being provided to demonstrate the potential of the Company and readers are cautioned that this information may not be appropriate for any other purpose. Future-oriented financial information and financial outlooks, as with forward-looking information generally, are based on assumptions and subject to risks, uncertainties and other factors. Actual results may differ materially from what the Company currently expects. Other than as required under securities laws, the Company does not undertake to update any forward-looking information at any particular time. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.
E-HBC1670

Contacts
Hudson’s Bay Company
Investors
Lucas Evans, (416) 861-4444
Senior Vice President and Treasurer
investorrelations@hbc.com

or
Media
United States
Lividini & Co.
Andrew Blecher, (212) 252-7504
Andrew@lividini.com

or
Canada
Freda Colbourne, (416) 560-9974
colbournef@gmail.com

[Source]

IS THE BEAUTY CATEGORY HEADING UP ONLINE IN CANADA?

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Retail Insider

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October 30, 2013

Contributed by RETAIL ASSEMBLY

The industry’s biggest players were all championed in the news this month for their innovation in beauty e-commerce. But we’re not sure much progress was actually made north of the border.

Amazon, a Seattle-based retailer, did launch its Luxury Beauty Store online – which is big news for consumers on both sides of the border. Although, the assortment was initially small, with fragrances from Burberry, and selections from Nars, Deborah Lippman, and L’Occtaine. The commitments the retailer has made to luxury beauty brands, should ensure quick onboarding and assortment growth. Amazon will maintain pricing which is comparable to what other retailers offer, and showcase the product in a distinct environment, in the Luxury Beauty Shop.

Amazon is difficult to ignore, in 2012 a Forrester survey revealed that 30 percent of online buyers began researching their last purchase at Amazon (versus only 15 percent on Google). And the free shipping on orders of $25 or more is a significant advantage over Sephora’s $75.

Aside from the 6 new brands on Amazon, all of which are available via Sephora already, Canada’s beauty industry saw no significant ecommerce news in beauty. Joe Fresh launched their site last month – apparel only, and while we appreciate that Shoppers Drug Mart has attempted ecommerce with Murale, most product featured on-site is “available in-store only” or out-of-stock.

Shoppers did make an announcement which received a lot of press, but on closer inspection it appeared to be more of a loyalty program perk. Shoppers teamed up with Beyond the Rack to offer Optimum loyalty card members access to exclusive offers from BTR’s assortment of apparel, accessories, and technology and points on purchases. Beyond the Rack boasts almost 10 million members (only half of which are in Canada), and when compared with Optimum’s 10 million cardholders, the advantage seems to be for BTR.

In the last two years, online sales have grown by 24 percent in Canada to $18.9 billion. Although this is only a 4 percent share of total retail sales in Canada, double-digit sales increases are nothing to sneeze at. Why is Canada’s largest beauty player, Shoppers has 28 percent market share in prestige beauty, not online in a meaningful way?

Toronto, ON – RETAIL ASSEMBLY is pleased to announce they are extending their Friends & Family discount to Vancouver based industry information source Retail-Insider’s readers until October 31.

Recognizing the importance of market awareness, and the incredible amount of change the Canadian retail landscape has seen in the last two years, both organizations are happy to present this opportunity for retail professionals to build upon their skillsets.

ANALYSIS: SEARS CANADA SELLS 5 STORE LEASES, INCLUDING TORONTO FLAGSHIP

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Retail Insider

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October 30, 2013

image-asset - 2021-07-04T224208.292 — Photo: Google Streetview screenshot

Sears Canada has sold five more of its store leases to mall landlords for about $400 million. This creates an opportunity to redevelop these spaces as well as possibly pave the way for more Canadian Nordstrom, Saks Fifth Avenue, La Maison Simons and even Bloomingdale’s stores.

Sears has sold its store leases back to its mall landlords in the following locations:

Toronto:The Toronto Eaton Centre
Toronto:Sherway Gardens Shopping Centre
Markham, Ontario:Markville Shopping Centre
London, Ontario:Masonville Place
Richmond, BC:Richmond Centre

All of these malls are owned and operated by landlord Cadillac Fairview except for Richmond Centre, which is co-owned by Cadillac Fairview and Ivanhoe Cambridge.

The following is our analysis of what could replace these Sears Canada locations:

Toronto:

Toronto Eaton Centre

The 816,000 square foot crown jewel of Sears Canada’s real estate offers plenty of options for redevelopment. We think that Nordstrom is a frontrunner to replace a majority of the vacated Sears space, and that it would occupy 225,000-275,000 square feet.

Other possible department store anchors include La Maison Simons (which would occupy about 100,000-130,000 square feet) and Bloomingdale’s, which continues to show interest in the Canadian market. Saks Fifth Avenue is a further possibility, though we believe Downtown Toronto’s Saks will replace the current Hudson’s Bay store at the corner of Yonge and Bloor Streets, closer to the luxury shopping area of Yorkville and its anchor, Holt Renfrew.

Some of Sears’ current Toronto Eaton Centre space could also be subdivided for use by multiple retailers. We’ll elaborate soon in an article devoted specifically to Sears’ Toronto Eaton Centre real estate.

The top four floors of the store will remain Sears Canada’s corporate headquarters, at least in the shorter term. Sources tell us that Sears Canada will continue to utilize its $1/square foot/year lease for this office space (which would have expired in the year 2077), making it far less costly than other available office space.

Sears will be vacating the lower retail portion of this location by February 28th, 2014.

Toronto:

Sherway Gardens Shopping Centre

There are plenty of options to reuse the 225,665 square foot Sherway Sears space. The store could even be demolished for redevelopment, to be replaced by multiple smaller stores and one or more anchor stores. Sherway attracts affluent shoppers and the mall could see Saks Fifth Avenue occupy part of the current Sears space, though Saks would likely not occupy more than about 130,000 square feet.

Sherway Gardens is one of Canada’s most productive malls, enjoying per-square-foot sales of almost $900/year according to its landlord. Hudson’s Bay anchors the opposite end of the mall from Sears. Other anchors include Holt Renfrew (which is possibly staying at Sherway and expanding) and, in 2016, Nordstrom which will open one of two Toronto locations.

Sears will be vacating its Sherway location by February 28th, 2014.

Markham, Ontario:

Markville Shopping Centre

Markville’s Sears store is 130,626 square feet according to its landlord, and we think the store space has limited potential for an upscale replacement anchor store. The mall already features Hudson’s Bay and Walmart as its anchors, and the entire mall spans close to a million square feet. Sales per square foot at Markville are only about $490/square foot/year according to the mall’s landlord.

La Maison Simons could replace part of Sears’ space. The space could also be subdivided for multiple smaller anchors and other stores. We doubt that, given the mall’s demographics and sales, Nordstrom, Bloomingdale’s or Saks Fifth Avenue will replace Markville’s Sears any time soon.

Sears will be vacating Markville by February, 2015.

London, Ontario:

Masonville Place

This 127,205 square foot Sears store is in London, Ontario’s most productive shopping centre. The mall, in fact, boasts sales of about $770/square foot according to its landlord. Other anchors include a relatively small Hudson’s Bay store (at about 85,000 square feet) as well as a 91,200 square foot Target store.

One could speculate that Sears’ space could be replaced by Nordstrom, as the city and store arguably share some of the same characteristics. London is a conservative but relatively well-to-do city whose population could possibly support a Nordstrom. Nordstrom, itself, has been described as being both conservative and upscale. We doubt London would have the quantity of luxury-oriented shoppers to support Saks Fifth Avenue, and we don’t expect La Maison Simons to target London in the next several years.

Sears will be vacating this space by February 28th, 2014.

Richmond, BC:

Richmond Centre

This 122,000 square foot Sears store could be reconfigured into multiple-tenant retail or be occupied by the likes of Nordstrom or La Maison Simons. Richmond has considerable household wealth, despite income statistics that might indicate otherwise. The mall enjoys sales of about $700/square foot, but may require renovations to entice any new upscale anchors.

Sears will be vacating this space by February, 2015.

Further Details on Sears Leases

In the past 14 months, Sears Canada has sold off several of its leases to mall landlords. In the summer of 2012, Sears sold its leases in Vancouver, Calgary and Ottawa, paving the way for Nordstrom’s first Canadian stores. Sears subsequently sold two leases in the Toronto area, resulting in speculation that La Maison Simons may move in. Sears also announced a $1-billion project to redevelop its Burnaby, BC real estate at Metrotown.

Sears is making a large profit from selling its leases. Its first lease sale in the summer of 2012 generated about $170 million. The subsequent sale of two Toronto-area leases gained the company over $190 million, and a possible $53 million for Sears’ Scarborough Town Centre lease could further be realized. This is easy money for Sears, and it leads us to anticipate that more Sears Canada leases will be sold in the coming months.

[Sears Canada website]

SEARS CANADA SELLS 5 MORE LEASES

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Retail Insider

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October 29, 2013

image-asset - 2021-09-13T223118.078 — Sears Canada and Nordstrom

Sears Canada has sold 5 more leases back to mall landlords to the tune of about $400 million. The Sears locations scheduled to close include:

Toronto: The Toronto Eaton Centre
Toronto: Sherway Gardens Shopping Centre
Markham, Ontario: Markville Shopping Centre
London Ontario: Masonville Place
Richmond, BC: Richmond Centre

We’ll be following up this brief article with an extensive analysis of what may replace these Sears stores.

Needless to say, an opportunity has been created for more exciting new retail in Canada, including the likelihood of a flagship Nordstrom store for Downtown Toronto.

[Sears Canada website]

LA MAISON SIMONS COULD OPEN AT CALGARY’S SOUTHCENTRE MALL

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Retail Insider

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October 29, 2013

According to a source, La Maison Simons has been in talks with Oxford Properties to open a store at Calgary’s Southcentre Mall. If it happens, this would be the second Simons store location in Alberta, following its West Edmonton Mall store which opened almost a year ago.

One would expect Calgary’s Simons to be somewhere in the 100,000-110,000 square foot range, reflecting sizes of its recently announced West Vancouver and Ottawa stores.

Calgary’s Southcentre Mall occupies close to a million square feet, and is surrounded by some higher-income suburbs. Its anchors include department stores Sears and Hudson’s Bay.

Recently, Southcentre hasn’t enjoyed the same splashy publicity as Chinook Centre, about 6.5 km to the north, which managed to secure Calgary’s first (and likely only) Nordstrom store as an anchor. Securing La Maison Simons could coincide with further renovations to Southcentre, as well as a possible mall expansion.

To be completely speculative, Simons could occupy part of Southcentre’s Sears store if Sears decides to sell its lease back to landlord Oxford properties. We’ve heard that this is a possibility but we can’t confirm further at this time.

We’ll update you further on La Maison Simons’ opening in Calgary, including a possible second Simons store location that we’ll discuss soon.

[Southcentre Mall website]

[La Maison Simons website]

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SUITSUPPLY TO OPEN FIRST CANADIAN STORE ON TORONTO’S HAZELTON AVENUE

NORDSTROM WILL SOON BE HIRING CANADIAN DEPARTMENT MANAGERS

TOPSHOP OPENS TOMORROW AT CALGARY’S CHINOOK CENTRE

CANADA’S FIRST JOE’S JEANS OPENS AT VANCOUVER’S OAKRIDGE CENTRE

LONG-AWAITED ARRIVAL OF H&M IN WINNIPEG

SAKS INCORPORATED SHAREHOLDERS APPROVE MERGER WITH HUDSON’S BAY COMPANY; CLOSING PLANNED FOR NOVEMBER 4, 2013

IS THE BEAUTY CATEGORY HEADING UP ONLINE IN CANADA?

ANALYSIS: SEARS CANADA SELLS 5 STORE LEASES, INCLUDING TORONTO FLAGSHIP

SEARS CANADA SELLS 5 MORE LEASES

LA MAISON SIMONS COULD OPEN AT CALGARY’S SOUTHCENTRE MALL

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