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Yorkdale Shopping Centre in Toronto Adding More Luxury Retailers in 2022 

Yorkdale Shopping Centre (Image: Craig Patterson)

Toronto’s Yorkdale Shopping Centre already boasts the densest clustering of luxury brands stores in Canada, and more are being added this year as landlord Oxford Properties secures new tenants. Since January, several retailers have already opened and more are on the way. 

For years Yorkdale had upscale stores including Holt Renfrew, and things really began to pick up in 2009 when Tiffany & Co. opened a store in the mall. A substantial number of luxury brands followed over the years and Retail Insider has reported on many of them. 

The following is an update on some of the new retailers that have either recently opened at Yorkdale or will be over the next several months. 

Burberry: The UK-based luxury brand has reopened its Yorkdale store featuring a new simple design with a bright interior accented with gold. Burberry was one of the first global luxury brands to open a standalone store at Yorkdale in August of 2009 in a newly formed luxury wing that is now home to numerous high-end retailers. 

Rolex store by Raffi at Yorkdale. Photo: Craig Patterson

Rolex: Raffi Jewellers recently unveiled an impressive new space for Rolex which involved converting most of the former Raffi store space into a dedicated Rolex storefront. Raffi Jewellers also has an entrance to its own multi-brand space next to Rolex, and on the other side is North America’s first location for luxury watch brand Tudor which was profiled in Retail Insider and opened in 2020. 

Marc Jacobs: Upscale New York City-based brand Marc Jacobs opened its first standalone Canadian location at Yorkdale mid-January in a 1,900 square foot retail space formerly occupied by Davids Footwear. The Marc Jacobs storefront carries a range of bags and accessories as well as some ready-to-wear for women and men. The store is temporary and a new location will be built in the mall according to an employee. More Marc Jacobs stores are expected in Canada including an outlet store outside of Toronto. 

Läderach Yorkdale Store (Image: Läderach)

Läderach: Swiss chocolate retailer Läderach opened its third Canadian storefront at Yorkdale last week in a 775 square foot retail space formerly occupied by Godiva. Läderach will continue to open more Canadian stores under the guidance of broker Mary Mowbray of Colliers. 

Lucid Motors to open soon, photo by Craig Patterson

Lucid Motors: US-based electric car brand Lucid Motors will soon be opening its second Canadian storefront in Yorkdale’s 2016 Nordstrom-anchored expansion wing. The first Lucid location in Canada opened in early January at CF Pacific Centre in Vancouver. 

Future Emporio Armani store at Yorkdale. Photo: Craig Patterson

Emporio Armani: Italian luxury brand Giorgio Armani will open the only Canadian location for its sub-brand Emporio Armani this year in Yorkdale’s 2012 expansion wing. Emporio Armani will be located in a space formerly occupied by Ann Taylor in a space measuring about 4,200 square feet. Most recently, a pop-up store for Montreal-based outerwear brand Quartz Co. occupied the space which is now being taken back to the studs for the construction of the Emporio Armani store. 

Emporio Armani once had a Canadian store on Bloor Street in Toronto — between 1990 and 1995, the brand had a 6,000 square foot store at 80 Bloor Street West which then-licensee Holt Renfrew relocated to the Holt Renfrew Centre at 50 Bloor Street West between 1998 and the early 2000s. 

TWG Tea to open at Yorkdale this spring, photo: Craig Patterson

TWG Tea: A Vancouver-based licensee will open Canada’s second location for Singapore-based TWG Tea this spring. The 1,400 square foot storefront will be between the mall’s Furla and Longchamp storefronts. TWG Tea is also about to reopen its Vancouver store in a smaller space on Robson Street after shuttering its first Canadian location which was much larger on W. Georgia Street late last year. The team at DWSV Realty negotiated the Yorkdale TWG lease deal on the part of the retailer. 

Prairies & Petals: The upscale pop-up flower retailer recently unveiled a unique storefront designed by Montreal-based GH+A. The store features an assortment of roses that can last over a year costing into the hundreds of dollars per bunch. The storefront itself is unique in that it is only about 10 feet wide. The store is open through to January 2023. 

Photo: Craig Patterson

Acne Studios: Signage went up for the construction of a new store for upscale Swedish fashion brand Acne Studios at Yorkdale in a newly formed luxury wing occupied by Louis Vuitton, Thom Browne and several other brands. Acne is an edgy brand with fashions for women and men and it is also carried in a handful of retailers in Canada. A lease deal hasn’t technically been finalized as of press time despite the painted construction hoarding.  

Cartier will open a temporary store while its current location is renovated and expanded. Photo: Craig Patterson

Store Renovations/Expansions: Three luxury retailers in the mall will be seeing updates. In mid-February we will be touring the renovated storefront for US-based luxury brand David Yurman. The brand is currently housed in a nearby pop-up space formerly occupied by Mulberry and when David Yurman vacates, the neighbouring Cartier and Bulgari stores will both take part of the former Mulberry location to expand their respective storefronts. 

Upscale US-based Tory Burch is preparing to renovate its Yorkdale store, which was the first in Canada when it opened in the spring of 2012.  Tory Burch is moving into the pop-up CONCEPT space at Yorkdale temporarily for construction. 

Other luxury retailers that recently opened at Yorkdale include Alexander McQueen which we profiled in December

Tory Burch moved into this space this week as its current store prepares to be renovated. Photo: Craig Patterson

Final Thoughts: Oxford Properties has managed to successfully create a significant closeting of luxury brands at Yorkdale that places the mall among some of the world’s top retail centres. Yorkdale is the most productive shopping centre in terms of sales per square foot and that’s primarily due to the sales numbers at luxury stores as well as productive retailers such as Tesla, Canada Goose and Apple. More luxury brands are said to be opening at Yorkdale with whispers that one of the biggest concession names at Holt Renfrew in the mall will be opening a standalone location nearby, with details to follow. 

Yorkdale’s success, at least in part, has resulted in something of a loss for Toronto’s downtown core. For decades the Bloor-Yorkville area has been home to Toronto’s luxury shopping and the growth of high-end nodes at Yorkdale as well as at CF Toronto Eaton Centre, CF Sherway Gardens and Square One in Mississauga have all taken market share from the Yorkville area which itself is seeing new luxury store openings. Some brokers are saying that Yorkdale’s success might ultimately be a good thing as some brands look to open second Toronto locations in the Bloor-Yorkville area after testing the market with Yorkdale stores.

We will continue to report on happenings at Yorkdale as the shopping centre continues to add new retailers including many first-to-Canada concepts.  

Podcast [Interview] 2022 Retail Predictions with Liza Amlani

Podcast [Interview] 2022 Retail Predictions with Liza Amlani

Craig and retail expert Liza Amlani talk about the Canadian retail landscape including her predictions for what’s to come as we head further into this year.

The Interview Series podcast by Retail Insider Canada is available on Apple Podcasts, Stitcher, TuneIn, Google Play, or through our dedicated RSS feed for Overcast and other podcast players. Also check out our The Weekly podcast where Craig and Lee discuss popular content published on Retail Insider which is part of the The Retail Insider Podcast Network.

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Drop us a line at Craig@Retail-Insider.com. You can also rate us in Apple Podcasts or recommend us in Overcast to help more people discover the show!

Background Music Credit: Hard Boiled Kevin MacLeod (incompetech.com). Licensed under Creative Commons: By Attribution 3.0 License. http://creativecommons.org/licenses/by/3.0/

Beware of “Shelflation” in Canada as Grocers Grapple with Pandemic Challenges: Charlebois

“All food products have an intended shelf life. But challenges along the supply chain will compromise a product’s shelf life at the point of purchase, especially for perishables. If consumers aren’t careful, they can fall victim to “shelflation”, but there are ways to dodge it.” 

By now, you may have heard of a phenomenon called shrinkflation. Many companies will reduce quantities without changing the price by adjusting their packaging strategy. It’s been going on for years. It is the illusion of buying the same amount of product when it has in fact shrunk over time. But when supply chains aren’t working optimally, food products will reach store shelves either less fresh than usual or even a little too ripe, robbing consumers from some needed shelf life at home. This is called “shelflation”.

According to a recent poll by Dalhousie University and the app Caddle, in the past twelve months a total of 41% of Canadians have thrown away milk because it went sour before its due date. Of that group, 38.5% of respondents have done it at least twice, and for 22.8%, three to five times. Throwing away spoiled products before due dates does happen from time to time, but such a high number is quite unusual. Anecdotally, many Canadians of late have noticed some of their produce isn’t as fresh as it used to be, and will rot much sooner. There’s no specific data on this yet, and I suspect many Canadians have not noticed anything different. Snowstorms, labour shortages, procurement problems related to some ingredients, or even packaging issues can affect perishable foods, pandemic or not.

“Shelflation” is indeed quite common, and pandemics aren’t the only way a product’s shelf life can be compromised. Delays due to weather, natural disasters (like what we witnessed in British Columbia last year), labour disputes, massive recalls, or equipment failures can disrupt a supply chain’s efficiency. Cold chains—kept between 2 and 8 degrees—that are responsible for keeping perishables fresh from farm to store, can also be breached for one reason or another. Mechanical breakdowns, hindrances outside the warehouse, or unusually warm temperatures, for example, can shorten the life of or even spoil products before a shipment reaches the store. Perishables need to be maintained at refrigerated temperatures and high relative humidity, conditions that are not routinely met along the supply chain. Food distribution is complex.

But the pandemic has clearly disrupted global food supply chains in more ways than one, so we shouldn’t be surprised to see more “shelflation” happening. Asking food companies to operate with fewer staff around will eventually bring forth delays along the way and, of course, more waste. And waste at home will certainly contribute to higher food costs for everyone. The average family of four will spend about $14,000 on food annually, and at least 50% of that budget is dedicated to perishables. Wasting a good portion of that can be costly.

The shelf life of a product is the time between production and the use-by date. The shelf life for highly perishable foods is set rather conservatively to ensure food safety. Expiry dates or best before dates are critical to the fabric of our food safety system, and modern technologies have done wonders to prolong the shelf life of many of our products. In the store, assessing the state of any food with expiry dates is close to impossible due to air-tight packaging. So, naturally, we zone in on dates. At the grocery store, we essentially buy time along with our food. We will constantly go for products where the best before or use-by dates are as late as possible. For produce, we’ll go for products that are appropriately ripe based on when we think the product will be consumed. But consumers can only go by the information provided at the point of purchase without knowing the product’s history before it reached the store.

Food waste is a major challenge in our economy. In Canada, about 2.2 million tonnes of edible food is wasted each year. The most common causes of perishable food waste at a retailer are overstocking, unpredictable consumer demand, inappropriate quality control, and product handling. Compounded by issues up the food chain, retailers don’t stand much of a chance. So, putting blame solely on the retailer can be misplaced.

Freshness and quality of perishables will obviously vary, depending on where you live and where you shop. Some regions are better served than others. But unlike shrinkflation, “shelflation” can be dodged. Going to the grocery store once a week, or once every two weeks may not be ideal, especially right now with current food supply chain woes. Visiting the grocery store two or three times a week and buying enough for the next two to three days may help you in the long run, and waste less. We just need to approach our grocery shopping a little differently.

Resale Sneaker Retailer SAFE Opens 4 Stores in Canada with Plans for More: Interview

SAFE at CF Fairview (Image: SAFE)

Retailer Terrell Maxwell has some lofty ambitions for his sneaker company.

“I want to be the Footlocker of sneaker resale,” said Maxwell, owner and founder of SAFE (Sneakers Available For Everyone). “I want to become a big brand – have lots of stores. Right now I’m developing a plan, building a brand store concept.

“Once we’re done our concept design then we’ll be looking at where exactly we’re trying to expand. We’re trying to do a really big expansion – to more than 10 stores. We’re working on Canada expansion, the US.”

SAFE at CF Lime Ridge (Image: SAFE)
SAFE at CF Lime Ridge (Image: SAFE)

The brand first started as an online business in November. 

“If you look at our logo, the S has like a lock on it and a shoe in the middle. Essentially to show that we sell authentic, verified products and we’re safe to buy from,” said Maxwell.

“I started the online sneaker marketplace and that wasn’t doing so well and then when I converted to the stores it picked up a lot because you also have in-store traffic and you have brand trust and stuff like that that you don’t receive when you’re just trying to do an online only business.”

The first store opened on November 1 at CF Fairview Mall in Toronto followed by the opening in CF Lime Ridge Mall November 15 in Hamilton, and recently in CF Shops in Don Mills in Toronto. CF Masonville in London is coming up soon as the newest store.

SAFE at CF Markville (Image: SAFE)
SAFE at CF Markville (Image: SAFE)

“We are an online company but we also have that in-store experience which a lot of online shoe marketplaces don’t offer. They don’t offer the omnichannel. That’s something we offer that nobody offers,” said Maxwell.

“When you’re looking to buy a certain sneaker – all of our sneakers are rare – in a size 9 you just can’t walk into any store and get that. If we don’t have it or it’s out of stock, we always have it in our warehouse because we have the online marketplace.”

Maxwell said the sneaker market is growing every day and is expected to grow by three times in the next four years. 

SAFE at CF Don Mills (Image: SAFE)
SAFE at CF Don Mills (Image: SAFE)

“People always want the most in stuff, the hottest items. People see their favourite celebrity wearing a shoe that we sell and then the price goes up. They want to get it. It’s all like a culture,” he said. “Sometimes shoe prices go up in December, they come down in January and they skyrocket in the summer time.

“Sometimes you might buy a shoe that’s $300 and then it goes up to $3,000. Sneakers is almost like an investment, in a sense, depending on how good you take care of them.”

Jeff Berkowitz and Jennifer Bowyer of Aurora Realty Consultants are working with SAFE on its store expansion.

Additional Photos For SAFE at CF Fairview Mall

Additional Photos For SAFE at CF Don Mills

Additional Photos For SAFE at CF Markville

Additional Photos For SAFE at CF Lime Ridge

Calgary-Based Suit Company Creates Fashions for Major Celebrities: Interview

Alice Cooper and LGFG Fashion House

Dimitry Toukhcher, president of LGFG Fashion House, describes his business as a “little homegrown Calgary suit company” but since its inception in 2010 it has developed into a fashion house for famous musicians, actors, athletes and business executives.

Recently, it designed a whole new wardrobe for icon Alice Cooper – an entire series of suits covering his career.

Toukhcher said he started the business out of his condo building in downtown Calgary.

“I was basically selling suits. Cold calling different lawyers and stuff and going to their offices and kind of started building a business,” he said. 

“LGFG is a custom tailoring company where our executive clothiers (tailors) visit clients right in their office or home, saving them valuable time, while delivering designed-in-England, top-of-the-line customs suits, shirts and related accessories. It just kind of grew from then.”

In recent years, the company has pivoted. The business model has evolved to visiting clients in their homes now as well as their offices where the concept began. In the beginning, the Fashion House focused on suits and sport coats up until 2020 but since then there has also been the sale of casual clothing and accessories. 

Highly-trained clothiers, tailors, visit clients to create the clothing for them.

Canadian heavyweight boxing champion Lennox Lewis has been a well-known client, wearing the clothing on Fox Sports during television commentary. 

“One of the coolest things in 2016 I got to do suits for a Hollywood movie which was pretty awesome and that was Skyscraper which was one of the Rock’s (Dwayne Johnson) movies,” said Toukhcher. “I made 12 suits for that movie and flew them to Vancouver to deliver those because they were filming there.”

The connection to Alice Cooper came from an actual “cold” email.

“We were basically looking for somebody that we thought would capture our brand. We sort of like to be a little bit non-conformist, a little bit stylish. We always thought of ourselves as like rock and roll in a very sort of classical music market,” said Toukhcher. “When you’re selling luxury clothing, it’s all about being chic and very classy and we’re like a younger company. Even though Alice Cooper is not a younger rocker, we just thought man he’s a fashion icon, he’s somebody that stands for what we like with disruption and stuff. 

“So we thought hey let’s give it a shot. We cold emailed him and we got a reply. We have kind of a partnership with him. We said hey you can get clothing anywhere, anyone will give you clothing, whatever, but what we want to do is actually design a wardrobe for you that really encapsulates your career and tells your story to a younger audience. Obviously Alice Cooper is very famous with your generation, my generation, but as a new generation of rock fans and music fans emerge, his sort of media was always touring and radio. It wasn’t like Instagram and TikTok and all these social media platforms.

“And so we said look if we can tell your story through a wardrobe, obviously a younger generation is always into clothing and style, then you’ll have another channel to access a new audience to tell about your legacy.”

Toukhcher said the company did 12 suits for Cooper and each suit was complemented with shirts, shoes. And each of the suits tell a unique story about Alice Cooper. 

“And we have videos of each of those stories on top of having photographs. We have a series of 24 videos that tell the story about Alice Cooper and the outfits in which it’s told that he will be releasing at some point through his social media to tell his story.”

Toronto’s Dufferin Mall to See Expansion and Site Intensification: Feature Interview

Image: BDP Quadrangle

The retail ecosystem is one that’s ever-evolving and expanding to include more touchpoints and opportunities for engagement between brands and consumers. Facilitated most recently by an accelerated digitization of the industry and world around us, it’s an ecosystem that today features a number of maturing channels of communication, information sharing and commerce, as more are added to the mix with mindboggling regularity. It’s growth that is reflective of the innovation and ingenuity that continues to drive Canadian retail forward. Despite the current trajectory toward an increasingly more digitized world, however, shopping centres very much remain a powerful conduit for human interaction, still serving a critical role in providing a place for community and a platform for physical experiences. It’s a philosophy firmly held by Matthew Kingston, Executive Vice President, Development and Construction at H&R REIT, and is one that he says has been a driving force behind the redevelopment of one of Canada’s most beloved places of community – Toronto’s Dufferin Mall.

“For a very long time, malls have served a really important role in Canadian communities as a place of interaction and engagement, entertainment and escape,” he says. “They’ve provided many cities and neighbourhoods across the country with a centre, a hub of commercial and social activity, that often reflects the cultural and philosophical identity of the given area or region. And, given circumstances over the course of the past two years, a period of time that’s resulted in a pent-up demand for experiences within Canadians and a real desire for physical human connections, malls that can deliver on the experiences consumers are going to be looking for are set to play an even more important role in the communities they operate in. It’s one of the things that makes the Dufferin Mall redevelopment so exciting. The mall has always been recognized as an integral part of Toronto’s Brockton Village neighbourhood. It’s very much a part of its history and is beloved by residents of the area. It’s one of the reasons that we decided, even before the project began, to avoid altering the existing mall in any way, and instead expand on it and everything that makes Dufferin Mall such a great place to visit.”

Expanded retail presence

Image: BDP Quadrangle
Image: BDP Quadrangle

Kingston notes that the decision that was made by Primaris REIT (the owner and manager of Dufferin Mall which was spun off from H&R REIT on December 31, 2021, and is now operating as a standalone, independent, publicly-traded REIT) to expand on the existing structure, rather than to demolish and rebuild it from the ground up, differentiates this project from others that are in development across the country. It involves a redevelopment of the northern part of the 21-acre site with a focus on extending the existing mall. The plans allow Primaris to introduce new uses to the current site, including the construction of 1,300 purpose-built residential rental units, 120 of which are affordable housing units. In addition, the redevelopment will also involve the provision of new park space to complement Dufferin Grove and the creation of improved streetscaping and an enhanced pedestrian experience. Making way for all of it is the relocation of the existing surface parking lot, which currently spans the majority of the site, with a new three-level below-grade facility. And, serving to enhance the entire offering, says Kingston, is the addition of 130,000 square feet of new retail space.

“The addition that we’re making to Dufferin Mall’s retail presence adds to the current 588,000 square feet, and will bring the total commercial space at the mall to over 700,000 square feet,” he asserts. “It’s a mall that, prior to the pandemic, was already welcoming more than 12 million visitors every year. With respect to shoppers per square foot, there aren’t too many malls in North America that are busier. It’s incredibly well-travelled. And, despite the tumultuous times that retailers have been experiencing of late, the mall has next to no vacancies. With respect to the new retail space that’s going to be opening up as part of the expansion, we have a number of potential tenants currently involved in very productive discussions with us. We’ve never doubted our ability to fill the spaces that are going to be added. Our focus, since the start of the project, has been on arriving at the right retail mix that’s going to complement the mall’s existing offering while enhancing the experience for shoppers.”

Augmenting and enhancing

Image: BDP Quadrangle

He goes on to explain that Dufferin Mall is fortunate to have impressive anchor tenants, including Walmart, No Frills and Toys R Us, which generate a lot of traffic to the mall. Though, he adds, the Taco Bell, The Beer Store and LCBO locations will need to be removed from the site in order to execute the vision of the redevelopment, explaining that they are certainly tenants that the mall would like to see come back once the redevelopment of the mall is complete. In addition, Primaris and its partners have been mindful during the planning process to ensure that, during construction, aside from the aforementioned locations, none of the mall’s retailers will need to close for any period of time. And, although the start of construction is still about a year out, with the activation of new retail tenants a further three years from the time that ground breaks on the site, Kingston says that the excitement around the project is palpable.

“Dufferin Mall is such a unique shopping destination that serves an equally unique community surrounding it. Everyone that’s involved in the project is really proud to be delivering this retail expansion and the other additions to the site that will only serve to elevate the mall’s offering and enhance the experience that its visitors enjoy. And we’re hoping that, in approaching the redevelopment in the way that we are, it will also serve as one that people look to when embarking on similar projects in the future to understand the value inherent in existing properties. We’ve been able to arrive at a strategy that leverages the character and history that Dufferin Mall has already developed through the years, while augmenting and enhancing it with commercial, residential and public spaces that will benefit the community immensely. It’s a great project to be a part of and an honour to be involved in something that will show others what’s really possible when it comes to property redevelopment.”

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