This week Craig and Lee discuss the Vancouver luxury retail market including upcoming changes. While downtown Vancouver has dominated in terms of luxury retail offerings, two landlords are building malls that will also target luxury brands and may split the market into three separate luxury retail nodes that could have an impact on the region for years to come.
Other News: Lise Watier maximizes brand visibility, Hudson's Bay launches social impact platform, Jane's Walk goes virtual, Farm Boy continues expansion, London Drugs supports local, and Bed Bath & Beyond launches same-day delivery.
The US-based retailer will open its first stores in British Columbia, Alberta, and Nova Scotia this year after entering the country with several stores in Ontario.
Canadian cities are seeing new food halls that are creating increased footfall and drawing in consumers from a wider area. But will we become oversaturated if too many are built?
The landlord has partnered with the real estate group associated with luxury conglomerate LVMH (Louis Vuitton Moët Hennessy), with plans to reposition the Metro Vancouver centre as a world class retail destination.