This week in Canadian retail, growth initiatives, rising real estate demands, and strategic leadership shifts highlight sector resilience amid market challenges.
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Fendi has opened its only standalone Canadian boutique at Vancouver's Oakridge Park, bringing the Italian luxury house back to standalone retail in Canada nearly three decades after its first Vancouver boutique.
The luxury brand has had a concession presence at Holts for several years and following Holts’ move to outlaw fur in its stores, Fendi has gone standalone in the country for the first time.Â
The Italian luxury brand recently opened its latest multi-room storefront amid a flashy Nicki Minaj collaboration and plans for more Canadian locations.
The leased concession at Bloor Street’s Flagship Holts is the first of its kind in Canada to carry the luxury brand’s entire collection, marking a new trend.