A retail analyst informs us that Vancouver’s 33,000 square foot TopShop/TopMan store is expected to ring-in $25-30million in its first year of business. The store is located on the basement level of Vancouver’s Downtown Hudson’s Bay store, and it includes its own dedicated Granville Street entrance.
Hudson’s Bay has opened TopShop stores at its Yorkdale Shopping Centre (15,000 sq ft) and flagship Queen Street W. store (19,000 sq ft). The Yorkdale store pulled-in about $11million during its first 12-months of operation.
TopShop/TopMan had an opening party on October 17th 2012 including a performance by Canadian rock indie group Metric. The party cost about $990,000 and of that, $300,000 was paid to Metric for their rather brief performance. Money well spent?
TopShop/Topman website: www.topshop.com
Hudson’s Bay website: www.TheBay.com