Blog

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.

Watch Station International Opens at Sherway Gardens

November 13, 2012

We've got some exciting news to share with you regarding Watch Station International.

In early November, Watch Station opened its first full price location in Canada, at Sherway Gardens in Toronto. The premises is 979 sq.ft and is strategically situated just off centre court adjacent such tenants as Mac, Guess by Marciano, BCBG, Roots, Fossil and Gap. The store is beautifully designed (see photos) and carries upscale brands such as Michael Kors, Marc by Marc Jacobs, Burberry, DKNY, Emporio Armani, Michele...etc

About Sherway Gardens - Sherway Gardens is a fantastic shopping centre. The mall is owned by Cadillac Fairview, the country's leading fashion mall landlord (also owners of Toronto Eaton Centre, Chinook Centre, Pacific Centre...etc). The mall has sales of $915 per square foot, ranking it at #7 in terms of performance in Canada. Sherway Gardens has a Gross Leasable Area of approximately 1 million sq.ft, and is anchored by Holt Renfrew, The Bay, Sears, and Sporting Life. Other top retailers at Sherway include: Lululemon, Aritzia, Apple, Harry Rosen, Coach, William Sonoma, Pottery Barn...etc. Further, Cadillac Fairview just announced a $350 million dollar expansion (and full mall renovation), which will be highlighted by the addition of Nordstrom (2 levels, 138,000 sq.ft), who is scheduled to open in 2016. Cadillac Fairview will also expand the mall, adding a total of 210,000 square feet.

Huge Announcement: We're so pleased to confirm that Watch Station will enter the province of Quebec in the spring of 2013. The flagship store will be located in downtown Montreal, on Sainte Catherine Street West (at the corner of Peel Street). The premises will be 2400 sq.ft. The Montreal store will be the company's 1st Canadian high street location (and 4th in Canada).

Watch Station will continue to expand in Canada. Markets of interest include: Alberta, British Columbia, and Ontario.  The company is looking to open in super regional centres, outlets centres, and high pedestrian street-front locations. Size required is 1000 sq.ft (with 23.5 ft width).

Watch Station International operates approximately 12 locations in North America, with several more scheduled to open soon.

For more information on Watch Station, please visit their website at www.watchstation.com.

Hot Fudge Wins ICSC Maple Leaf Award - Best Store Design

November 12, 2012

We're so pleased to announce that in late October, at this year's Canadian ICSC Awards, branded fashion accessories specialist, Hot Fudge won the ICSC Maple Leaf Award for Best Store Design. Click here to see the press release.

We'd like to offer our congratulations to Hot Fudge owner Joey Labrecque and his phenomenally talented store designer, Frederic Bernier.

Hot Fudge operates five stores in the province of Quebec. Further next week, the company will open two more locations; Carrefour Laval and Galeries de la Capitale.

For more information on Hot Fudge, visit www.hotfudge.ca or check out them out on Facebook at www.facebook.com/hotfudgecanada.

Pinkberry Shines Bright in New Cadillac Fairview Dining Terrace

November 05, 2012

We are pleased to announce that Pinkberry is now open in the new Dining Terrace at Richmond Centre in Richmond, British Columbia. The 225 sq.ft kiosk (see photo) looks fantastic and is strategically situated right in the middle of this beautiful new terrace area.  

Pinkberry joins other top food brands such as Edo Japan, Quiznos, KFC, Bourbon Street Grill, New York Fries to open in the Dining Terrace, which was modelled after the new Toronto Eaton Centre Urban Eatery.

Richmond Centre is owned by both Cadillac Fairview (CF) and Ivanhoe Cambridge. The mall is approximately 1 million square feet and is anchored by The Bay, Sears, Spot Chek. Other notable tenants include Apple, F21, Lululemon, Aritzia, and Sephora. Sales at Richmond Centre are an impressive $750 psf.

I'd like to thank Marcia Grant of Cadillac Fairview, for all of her efforts while negotiating this transaction. Marcia saw this deal through from inception to closing (including the design and build-out phases) like a true pro, and for this she deserves great credit.

The new Richmond Centre location is Pinkberry's 3rd store in British Columbia and their fourth in Canada. More units are planned. In this regard, the company has its sights set on the provinces of Alberta and British Columbia for additional expansion. Pinkberry will open in large format open air centres, super regional malls, downtown high streets, and airports. Size required is 500-1250 sq.ft. Kiosk locations will also be considered.

Further to the above, I can confirm that the company's next Canadian opening, will take place on April 1(2013), in the much talked about High Street property, in Abbottsford, BC.

Pinkberry was launched in Los Angeles in 2005. Since then, the company has flourished into one of retail's true iconic brands. They are the world leader in the frozen yogurt category and operate over 250 stores in 15+ countries. They revolutionized the industry with the introduction of frozen yogurt that is both sweet and tangy, yet natural and healthy.

For more information on Pinkberry, please visit their website at www.pinkberrycanada.com, www.pinkberry.com or visit www.facebook.com/PinkberryCanada.