Blog

Bizou Taps Award Winning GHA To Develop Exciting New Design Prototype

February 21, 2012

Quebec based fashion accessory specialist Bizou, announced last week that it is planning a complete store design overhaul and has engaged highly decorated design firm, GHA Design to develop the new design prototype.

Founded in 1985 and operating out of offices in Canada and The United States, GHA Design is an international leader in both retail store and shopping centre design. In 2011 alone, GHA won 5 awards from the ICSC, 5 from the Retail Design Institute and 2 from SADI.

Bizou continues to be laser-focused on their operations and the results are impressive. Comp store sales have now increased four consecutive years.

Bizou was founded in 1982 and operates approximately 130 locations spread across 6 provinces, from Newfoundland to Ontario.

For 2012, Bizou is looking to open 4-6 new locations in Ontario, Quebec and the Maritimes. Size required in 600-1000 sq.ft. in regional and super regional malls as well as high pedestrian street-front locations.

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

Lole Announces Next Opening at West Edmonton Mall

February 20, 2012

We are pleased to announce that ladies activewear specialist, Lole, will open its first store in Western Canada, at West Edmonton Mall (WEM). The store, 1250 sq.ft, will be strategically situated on the mall's upper level, adjacent Hugo Boss, and facing Apple. The store is scheduled to open in mid-summer and will incorporate all of Lole's unique design features, such as the Live Green Wall, Social (iPad Wall), the Community Table, and Lole Pantry.

Catering to the active woman, Lole stores specialize in the sale of technical, versatile and feminine fashion apparel for urban woman. Further, all locations offer free exercise meet-ups twice weekly at the local park, as well as, lectures given by yoga\pilates specialists, and nutrition experts. Tea and fruits are served daily at each store location.

There are currently 6 Lole stores: two in Toronto, two in Montreal, and 2 in Europe (Paris and Geneva). The company will continue its Canadian expansion program in 2012. Markets of interest include Alberta and Ontario. Size required is 1250-1500 sq.ft. Property-type: super regional malls and downtown high streets.

In addition to the above, I am told that, should the right opportunity present itself, Lole may be willing to consider opening in British Columbia, in 3rd or 4th quarter of this year.

Lole is owned by Quebec based, Coalision Inc. (owners of Orage and Paradox), whose combined sales are approximately $100M. Coalision itself, is majority owned by Kilmer Capital (whose CEO is Larry Tanenbaum of Maple Leaf Sports & Entertainment).

About West Edmonton Mall - Owned by Triple 5, the mall is 5.2 million square feet and is Canada's largest shopping centre. The property is visited annually by approximately 30.8 million people (#2 in Canada in terms of annual traffic), and ranks as the province  of Alberta's top tourist attraction. The shopping centre has approximately 800 stores, and features the World Waterpark, Ice Palace skating rink, Galaxyland - the world's largest indoor amusement park, Fantasyland Hotel. Further, the mall is home to many of today's top retail brands such as Apple, F21, Lululemon, Aritzia, H&M, Zara, AX Armani Exchange, Anthropologie...etc. With respect to performance, and sales of $700 psf, the centre is a powerhouse that breeds top performing stores. A full renovation of the mall began in September 11; completion is scheduled for 1st Q 2013.

I want to thank Triple 5's, Faran Maleki, for her help on this transaction. Faran is both energetic and enthusiastic; further she is very passionate about WEM. Great job Faran.

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

Take a look as well, at the LolePop app available on iTunes.

Fossil Acquires Skagen Designs

January 18, 2012

We are pleased to announce that Fossil, Inc. has agreed to purchase Skagen Designs, Ltd. for approximately $236.8 million.

Skagen Designs is an international company that offers contemporary, Danish designed accessories including watches, sunglasses and clocks. The company’s corporate headquarters are located in Reno, Nevada; as well, they operate regional offices in Denmark, Hong Kong, Germany, the U.K. and Canada. Skagen products are sold in 75 markets globally with company-owned retail stores in Denmark, Germany, U.K. and Hong Kong. The first Skagen flagship store in The United States recently opened at Garden State Plaza Mall in Paramus, New Jersey.

Charlotte Jurst, co-founder of Skagen commented “We have long admired Fossil and believe they will bring great passion and vision to our brand”. “The opportunities for Skagen under the Fossil umbrella are endless and we look forward to building this wonderful brand”, added Henrik Jorst, co-founder of Skagen.

Fossil’s CEO, Kosta Kartsotis, said “It is a great privilege to join together with our Skagen colleagues to share their Danish history with the world. Skagen is unique and has enormous potential as a lifestyle brand. We see many similarities in the history and values of our two companies and look forward to creating something greater together.

With so much excitement already happening within Fossil, we are delighted to be able to report on yet another exciting transaction. The opportunity for Skagen to further develop as a lifestyle brand in parallel to Fossil is tremendous, and mutually beneficial to each respective company. Stay tuned to future blog posts for updates on how this new exciting relationship develops…

Fossil products are sold in 123 countries. The company operates 360 company owned stores. For more information, please visit Fossil's website at www.fossil.com.

Bizou Celebrates Newest Opening in Ontario

January 16, 2012

We are pleased to announce that in late November, fashion accessories and costume jewellery specialist Bizou opened a beautiful new store in Cambridge Centre. The store is approximately 700 square feet and strategically situated adjacent to other top brands such as H&M, La Senza, Aldo, Le Chateau, Reitmans, etc. Benefitting from fantastic frontage, the store is highly visible and welcoming from the mall corridor. I am delighted to report that the stores performance since opening has been excellent.

The Cambridge store opening comes following recent new Ontario stores in Bramalea City Center (in Brampton) and at 393 Queen Street West, in downtown Toronto. Looking ahead, another Bizou opening has been confirmed for May, at White Oaks Mall in London.

In 2012, Bizou is seeking to open an additional 4-6 new locations in the following markets: Ontario, Quebec and the Maritimes. Size required in 600-1000 sq.ft. Property type – regional and super regional malls as well as high pedestrian street-front locations.

Bizou continues to experience substantial performance increases. Comp sale store increases are on the rise for a fourth consecutive year, and are currently 15% above last year; in addition, newly renovated stores have increased by 37%. Previous increases were as follows: 2010 - 5%, 2009 - 5%, 2008 - 15%.

I'd like to thank Rick Johnstone of Morguard, for his assistance in negotiating this transaction. Great job Rick.

Bizou was founded in 1982. Today, the company operates approximately 130 locations spread across 6 provinces, from Newfoundland to Ontario.

For more about Bizou, please visit company’s website at www.bizou.com. For additional information and leasing opportunities, please contact Michael Stroll.

Think Retail Hires Michael Stroll

January 09, 2012

We are very excited to announce that Michael Stroll will be joining the Think Retail team as our new Account Executive, in charge of expanding our tenant portfolio and further developing leasing opportunities for our existing clients.

Michael started his real estate brokerage career nearly 10 years ago specializing in investment sales for Royal Lepage. Almost immediately, he was completing large scale transactions with private and public investors and was an annual recipient of the President’s Gold award as a result of his performance. Most recently, he was the co-Founder and President of LiME, a Montreal based ladies fashion retail chain.

Michael said: “I’m really thrilled to be joining Think Retail. With the recent coming of so many foreign retail players and the upcoming arrival of many more, it is a very exciting time to be working in tenant representation. Think Retail is already doing tremendous work across all parts of its business, and I’m very much looking forward to contributing to its future growth and success.”

Michael brings an incredible amount of enthusiasm, focus and entrepreneurial spirit to the Think Retail team. Having worked as both a real estate broker and as the President of a multi-store retail operation, he is in a unique position of understanding and insight that will prove to be highly beneficial to our clients. We’re really looking forward to seeing all the terrific work Michael will be doing for us, so check out our blog often to benefit from posts that exhibit Michael’s unmatched determination.

Pinkberry Draws Mega Crowd to 2nd Canadian Opening

December 21, 2011

On December 1st, Pinkberry celebrated its Grand Opening at Metropolis at Metrotown, in British Columbia. The opening event drew a mega crowd of approximately 1500 people, who came from far and wide to get their swirly goodness, that is Pinkberry. Customers were served for free, throughout the evening.  

The store, Pinkberry's 2nd in Canada, is 850 sq.ft (with 20 ft frontage), and is located adjacent the mall's food court. The design is eye catching, modern and fun, as well as, sophisticated. From the pebble floor to the Philippe Stark lamps, the store has all of the typical Pinkberry stylings (see photos).

Pinkberry will continue to expand in Canada in 2012. Four new stores are expected to open in British Columbia. Further, the company anticipates opening its first stores in Alberta and Ontario. Size required 350-1000 sq.ft. Pinkberry will also consider kiosks - 250 sq.ft. Property-type: Super regional malls, high pedestrian street-front locations, and lifestyle centres.

Further to the above, I am pleased to announce that Pinkberry will be opening a kiosk location, in the new food court at Richmond Centre, in late summer of 2012.

About Pinkberry - Pinkberry reinvented the frozen yogurt category when it launched in West Hollywood, CA in January 2005. Today it is the most talked about, best tasting, premium frozen yogurt, made. Pinkberry is the original tart frozen yogurt with a clean finish and one-of-a-kind taste that is truly crave-able; one bite and you’ll be hooked! Pinkberry operate 110 stores (approx) in the US, Canada, UK, Russia, Peru, and Kuwait.

For more info on Pinkberry, please visit their website at www.pinkberry.com. Also, check out pics with Pinkberry's celebrity ambassadors Justin Beiber, Jake Gyllenhaal, Drew Brees, Taylor Swift, Dana White....etc at www.pinkberry.com/blog/43-celebrities.html.

About Metropolis at Metrotown - The shopping centre is owned by Ivanhoe Cambridge, and is the largest enclosed shopping centre in the province of British Columbia, and 2nd largest in Canada. The mall has a GLA of approximately 1.8 million sq.ft, with 450 stores. Anchors include: The Bay, Zellers (to be converted to Target in 2013), Sears, T&T Supermarket, Silver City Cinemas, Atmosphere\Sport Chek...etc. The mall is also home to other top retailers such as Apple, Aritzia, Lululemon, Coach, Zara, F21, Sephora, Fossil….etc.

I'd like to thank Ron Clarke, Leasing Director Western Region, for Ivanhoe, for all of his efforts, help, and patience in competing this transaction. Ron is always pleasant, reasonable, well skilled, and very effective.  

Happy Holidays - Let it Swirl, Let it Swirl, Let it Swirl.