Blog

Pinkberry Announce Plans to Expand to Calgary

January 21, 2013

Late last week, Swirling Dreams Inc, area franchisor for Pinkberry in the province of Alberta, announced plans to bring Pinkberry to Calgary. The company expects to open a minimum of 6-8 stores in the city in the next 2-3 years. Pinkberry is prepared to consider opportunities in large open air centres, downtown high streets and super regional shopping centres. Size required is 500-1500 sq.ft.

Pinkberry opened its first location in Alberta In July 2012, at Canada's largest shopping centre, West Edmonton Mall. The store has been a phenomenal success and the company is looking to add several units in the Edmonton market.

In addition to their plans to open locations in both Calgary and Edmonton, Pinkberry is aggressively looking to expand throughout the province of British Columbia. Markets of interest include downtown Vancouver, Surrey, Kelowna, Victoria...etc

In other Pinkberry news, the company recently (November 2012) opened in Cadillac Fairview's new Dining Terrace at Richmond Centre in Richmond, BC. I am pleased to report that sales are off the charts and have greatly exceeded expectations.

Pinkberry's next Canadian location is scheduled to open in late spring, at High Street in Abbotsford, BC. This should be a tremendous project; 600,000 sq.ft, anchored by Walmart, Cineplex, London Drugs, H&M, Urban Barn, Old Navy, Mexx, Starbucks, David's Tea..etc

In 2004, Pinkberry revolutionized the frozen yogurt category when they introduced their premium smooth tart tasting frozen yogurt. Just 3 years later, Maveron LLC (whose CEO is Howard Schultz, founder of Starbucks) invested over $27.5 million in the company. Pinkberry has developed a rabid following amongst their core customers. Pinkberry also boasts a long list of celebrity ambassadors which include: David Beckham, Taylor Swift, Larry David, Justin Bieber, Drew Bress, Ryan Seacrest...etc. Today, there are over 200 Pinkberry stores in 15+ countries.
 
For more information on Pinkberry, please visit their website at www.pinkberry.com.

Finally, don't forget to try Pinkberry's new parfaits and fruit bowls. They're fresh and delicious.

Yellow Continues Expansion With New Store Design

January 20, 2013

Late last year, the Yellow Group unveiled its new store prototype, with openings at Place Rosemere and Ottawa Train Yards.

The newly refined design is expected strengthen the Yellow brand, improve their customer shopping experience, and position them for continued success. The new concept is modern, bright and inviting. Both stores look fantastic and their productivity has been excellent.

For 2013, Yellow continues to aggressively seek opportunities in the province of Quebec and in Ottawa.  Store size required is 1200-2000 sq. ft. in enclosed malls and 3500-6000 sq. ft. in open-air centres.

Founded in 1916, Yellow Group Inc. has grown to over 100 store locations in the provinces of Quebec, Ontario and New Brunswick. The stores operate under the Yellow, Cité, and Fournier banners.

For more information on Yellow Shoes, please visit their website at www.yellowshoes.com.

For additional information and leasing opportunities, please contact Michael Stroll at (514) 731-7936.

Yeh! Yogourt Retains Think Retail

January 16, 2013

We are delighted to announce that Think Retail has been retained by Montreal based, frozen yogourt specialist, Yeh! Yogourt, as their exclusive real estate broker, responsible for store growth strategy, site selection and lease negotiation.

Founded in 2008, Yeh! was the first to bring the exciting experience of self-service frozen yogurt to Canada. From a single shop on St. Laurent Blvd, the chain has expanded to 15 corporate and franchise locations operating or under development in Montreal, Toronto, Halifax, Boston, Albany and San Diego.

Yeh! is prepared for further growth and have plans to open as many as 10 new stores this year. Think Retail has been tasked to handle their search in Ottawa, Ontario, the province of Quebec, and all of the Canadian Atlantic provinces. The size requirement for Yeh! is 600-1200 sq. ft. in enclosed malls and 600-2000 sq. ft. in strip centre, power centre, and high street locations.  In addition, kiosk locations are possible.

For more information on Yeh! Yogourt, please visit their website at www.yehyogourt.com.

For additional information and leasing opportunities, please contact Michael Stroll at (514) 731-7936.

Place Tevere Unveils New Resto Design

December 07, 2012

Think Retail is pleased to announce the opening of the new Place Tevere restaurant in Les Galeries d’Anjou. The restaurant opened on October 27th in the mall’s attractive new food court (part of an $86 million re-development and expansion).

By employing cutting edge materials and incorporating flat screen TV’s, the newly refined restaurant design is a sleek and attractive update that will surely position the company for continued success.

Looking forward, Place Tevere is planning further growth in 2013, seeking opportunities in super-regional shopping centres and downtown office towers in Toronto, Ottawa, and throughout the province of Quebec. Optimal unit size is 400 sq.ft. In addition, Place Tevere will consider high pedestrian street front or power centre opportunities for co-branded restaurant concepts.

Founded in 1968, Place Tevere specializes in offering superior quality Italian food at affordable prices. Today, the company is a leader in the Italian food sector and operates 19 locations.

For more about Place Tevere, please visit the company’s website at www.placetevere.com.  For additional information and leasing opportunities, please contact Michael Stroll at (514) 731-7936.

Lole - Going to California

December 03, 2012

Ladies activewear specialist Lole opened a pop-up store on State Street in Santa Barbara, California. The opening is detailed in a great feature on WWD.com; click HERE to see the article.

It has certainly been a great year for Lole. The company is reporting comp store sales increases of 30%. Further, earlier in the year, the company opened in West Edmonton Mall (see photo), Canada's largest shopping centre. Lole will finish the year with 12 stores operating in Canada, US, France and Switzerland.

Lole is primed for additional expansion in Canada, and is targeting the following markets: Alberta and Ontario. Lole will open in super regional centres and downtown high street locations. Size required is 1200-1600 sq.ft.

About Lole - Lole is owned by Coalision Inc, who themselves are owned by private equity firm Kilmer Capital Partners (whose CEO is Larry Tanenbaum, Chairman of Maple Leaf Sports Entertainment). Coalision operates offices in Montreal and Biarritz. Total annual sales exceed $85 million.

For additional information on Lole, please visit their website at www.lolewomen.com.

Fossil Announces Flagship Montreal Location

November 27, 2012

We are pleased to announce that Richardson, Texas based, watch and accessory specialist, Fossil, has confirmed that they will open a flagship Fossil store in downtown Montreal. The store will be located at 1253 Sainte Catherine Street West, strategically placed, adjacent other globally recognized retail brands such as F21, A\X Armani, Apple, and facing Lululemon, Urban Outfitters, and Oakley. The premises will be 2475 sq.ft, and Fossil's largest full priced location in Canada. A Q2 2013 opening is scheduled. The Sainte Catherine Street store will be Fossil's 3rd store in the province of Quebec, and 18th in Canada.

FACT 1: Fossil Inc opened 80+ new stores in 2012, and now operate over 475 company owned locations.

In other important Fossil news, in mid-November, the Fossil Inc released its 3rd Quarter Earnings. Here's a quick snapshot of the results, which continue to beat expectations and impress Wall Street.

Third Quarter Results (2012 vs 2011)

- Net sales increased 6.4% to $684.2 million compared to $642.9 million

- Gross Profit rose 6.1% to $381.5 million or 55.8% of net sales, compared to $359.5 million or 55.9% of net sales

- Net Income attributable to Fossil Inc increased 10.3% to $76.8 million compared to $69.6 million

- Comp Store Sales increased 1.8% - Fossil's 18th consecutive quarter of comp sale store increases

Nine Month Period Results (2012 vs 2011)

- Net sales increased 10% to $1.91 billion compared to $1.74 billion

- Gross Profit rose 9.6% to 1.07 million or 55.9% of net sales, compared to $973.3million or 56% of net sales

- Net Income attributable to Fossil Inc increased 8.8% to $192.3 million compared to $176.8 million


FACT 2: In terms of performance, Fossil's average sales in Canada are an amazing $1000 psf. WOW!

We'll have more new store openings to announce soon. Stay tuned.

For additional news on Fossil, please visit their website www.fossil.com.