Strong Leasing Activity in Canadian Retail Sector [Cadillac Fairview Video Interview]


Share post:

At the recent Calgary Real Estate Forum, Darryl Schmidt, vice-president, national leasing, Cadillac Fairview, said a wave of athleisure brands have entered the Calgary market at its properties CF Chinook Centre and CF Market Mall

Darryl Schmidt

“We don’t see that trend diminishing. So we’re going to see more athleisure players coming into the market,” said Schmidt.

“I think the other thing you’re going to see with the closures of Nordstrom is that anybody who had a shop-in-shop, or had a strong wholesale business within those doors, they now have to replace those stores with bricks-and-mortar.”

Grand Opening Ceremony at Uniqlo CF Chinook Centre (Image: CF Chinook Centre)

The retail market in Calgary is currently quite strong. He said fast fashion at a low price point is one sector which is resonating with consumers.

“We opened Uniqlo (at CF Chinook Centre) at the end of August. They’re absolutely on fire. If sales trend the way they are right now, they could top $30 million in Year 1,” he said.

“I don’t know if they’ll hold, but it’s been phenomenal . . . Zara the same thing. They’re in the midst of doubling in size, going to a flagship size at Chinook.

“On the high end, Louis Vuitton had an all-time sales high within Chinook. We’ve got lots of demands from luxury brands because of their sales and because they’ve seen how much is getting transacted in the market. . . . So I think it’s safe to say you’re going to see more luxury coming into the city.

“There’s lots of new brands coming into the market. . . . I’ve been doing this for 35 years and I don’t think the market’s been this strong in at least 12 years and maybe going back to 30 years.”

In this video interview, Schmidt talks about the current leasing environment across the Cadillac Fairview portfolio, what retailers are looking for when they want to expand, trends in the market, what big names have entered the market and will be in the near future and the evolution of shopping centre space.

The Video Interview Series by Retail Insider is available on YouTube.

Connect with Mario Toneguzzi, a veteran of the media industry for more than 40 years and named in 2021 a Top Ten Business Journalist in the world and the only Canadian – to learn how you can tell your story, share your message and amplify it to a wide audience. He is Senior News Editor with Retail Insider and owner of Mario Toneguzzi Communications Inc. and can be reached at

Interviewed this episode:

Like, Share and Subscribe to Mario Toneguzzi on YouTube!

Follow Mario:

Also check out the other series offered by Retail Insider, including The Weekly podcast and The Interview Series, which are both available on Apple Podcasts, Stitcher, TuneIn, Google Podcasts, or through our dedicated RSS feed for Simplecast and other podcast players.

Follow Retail Insider:

Share your thoughts!

Mario Toneguzzi
Mario Toneguzzi
Mario Toneguzzi, based in Calgary, has more than 40 years experience as a daily newspaper writer, columnist, and editor. He worked for 35 years at the Calgary Herald covering sports, crime, politics, health, faith, city and breaking news, and business. He is the Senior News Editor with Retail Insider in addition to working as a freelance writer and consultant in communications and media relations/training. Mario was named as a RETHINK Retail Top Retail Expert in 2024.


Please enter your comment!
Please enter your name here

More From The Author



Subscribe to the Newsletter


* indicates required

Related articles

Bloor Street Luxury Run in Toronto Adds Saint Laurent Flagship as Area Transforms 

Saint Laurent’s substantial Toronto flagship features a brutalist concrete facade, and is the latest luxury brand to open a large storefront on the former ‘Mink Mile’. 

Montreal’s Le Groupe Brande Thrives with Lightspeed Capital: A Case Study in Expansion and Efficiency

Le Groupe Brande is leveraging Lightspeed Capital and its merchant cash advance system to fuel expansion plans, while also allowing the retailer to streamline operations, cut costs and experience significant efficiency gains.

Disposable Income Spent on Food by Canadians Varies by Provincial Tax Rates [Op-Ed]

Sylvain Charlebois says that there's a noteworthy correlation to food spending in Canada and the tax rates levied upon their earnings.

Royalmount in Montreal Announces Major Retail Tenants and Food Hall Ahead of August 2024 Grand Opening [Interview]

The highly anticipated development will include a mix of luxury brands and other retailers, foodservice businesses, and entertainment unlike anything that Montreal has seen.

Home Société Group Expands Ontario Footprint with Opening of 1st Standalone MUST Stores in Toronto and Mississauga [Interview/Photos]

The Quebec-based home furnishings retailer says it plans to open stores across the country after launching its MUST nameplate in Ontario this month.

Lower Income Households in Canada Struggling to Afford Groceries Despite Increased Trudeau Government Spending [Op-ed]

Sylvain Charlebois discusses a concerning trend showing lower-income Canadians are going hungry as food prices rise.

Apple and Alo Yoga to Open Flagship Stores at Ste-Catherine and De la Montagne Intersection in Montreal 

The brands will anchor a key corner in the downtown core that is also anchored by Holt Renfrew Ogilvy, spelling confidence in downtown ahead of the opening of Royalmount in August. 

Anatomy of a Leader: Shashi Behl, Founder of Joydrop

She discusses her career as an entrepreneur over the years, and how she founded the unique jewellery brand Joydrop which has seen commercial success.

Canadian Consumer Report by Adyen Reveals Key Insights on Shopping Trends, Payment Preferences, and Technological Advancements [Interview/Feature]

With trends like buy now, pay later options, demand for faster checkouts, and the influence of social media on purchasing, retailers must adapt to meet evolving consumer expectations says the study.

SUKOSHI MART Opens Its Largest Store Yet, Elevating the Asian Beauty and Lifestyle Shopping Experience

The Asian beauty and lifestyle retailer has been expanding across Ontario, and has entered the Ottawa market with its first store.

Toronto-Based Brasa Peruvian Kitchen Targets New York City as it Plans Canadian and US Expansion

The concept began in 2021 as a ghost kitchen, followed by physical locations. The now popular chain is planning to open about 100 locations on the continent.

Yorkdale Shopping Centre in Toronto Blows Other Canadian Malls Out of the Water in ICSC Productivity Rankings 

The centre is nearly $1,000 higher than the next shopping centre ranked in terms of sales per square foot, with a VP attributing it to the mall’s location, tenant mix and overall operations.