Retail Insider counts well over 700 retail locations that will shutter early on this year amid a shift in consumer preferences and an otherwise challenging time for the industry. At the same time, some analysts expressed optimism as new concepts open and expand in Canada.
A change in branding means that the announced ‘Colette Grand Café’ will not open in the massive Mink Mile department store, though the elevated new space will operate under the same corporate umbrella.
After Holt Renfrew closed its downtown Edmonton store in retail centre last week, Manulife has announced a major modernization that will give Manulife Place a new life that will include a new facade, a retail new configuration, a new one-acre park, as well as soon-to-be-announced new retail tenants.
Edmonton correspondent Christopher Lui took photos of the now shuttered Holt Renfrew store in downtown Edmonton as it prepared to close last week. It’s the end of an era for the luxury retailer in the city.
Other News: Holt Renfrew upgrading Vancouver flagship, Ron White shoes sees strong reception at Nordstrom in Manhattan, Endy launches weighted blanket, Celine launches menswear in Canada amid brand expansion.
The shocking proposal will transform a key block on Toronto’s Mink Mile with almost 83,000 square feet of retail space at the base of a 1.3-million square foot 79 storey 875 foot skyscraper which will become one of the tallest in Canada.