The iconic luxury brand’s move into Canada signals confidence in brick-and-mortar luxury retail as parent company, Kering, invests in the Canadian market.
The upscale brand, which recently dropped wholesale to focus on direct-to-consumer, will also feature a café space with outdoor seating in an effort to attract a wealthy local demographic.
This week, Craig & Lee discuss the potential luxury retail growth across Canada for 2021, including new standalone stores as well as in multi-brand retailers. Despite the pandemic, sales have been strong for luxury brands in Canada over the course of the past year.
A flood of store closing announcements this year are causing concern to the industry, while international retailers continue to enter the country seeking a piece of the pie. Despite economic and other challenges, there are bright spots.
Bloomindale's is opening a collection of luxury shops-in-store for men at its Manhattan flagship. Shops will include Gucci, Prada and Louis Vuitton. The collection opens mid-September and indicates further luxury brand roll-outs in several Bloomingdale's stores.
Menswear makes up about...