A New Door Opens - Bizou expands into Ontario

November 29, 2010

We are pleased to announce that Bizou has opened at Bramalea City Centre, in Brampton, Ontario. The opening is Bizou's first in Ontario in over five years.

Bizou's premises is 751 square feet, and is situated on the shopping centre's main level. Their store is beautifully designed - attractive and warm, well merchandised, and very inviting.

Bizou joins other new tenants such as Forever XXI, Browns, BCBG, Joe Fresh, Aeropostale, Swarovski...etc, who have opened in the new mall expansion area, which was unveiled in mid-September. Morguard Investments Limited, owner of Bramalea City Centre,  invested $105+ million on the this project. A total of fifty new stores have been added on two levels. The centre is now 1.4 million square feet, with approximately 275 stores. In addition to the new stores, the property renovated and now has brand new entrances, common areas, soft-seating, lighting...etc.

Bizou will continue to expand in Ontario, with plans to open an additional 4-5 stores, in 2011. Regional and super-regional shopping centres are preferred. Size required in 650-1200 square feet. Bizou will also consider high traffic street-front locations in both Toronto and Montreal.

Bizou specializes in the sales of fashion accessories and costume jewellery. The company operates approximately 130 stores in Canada.

I'd like to thank Judie Hart of Morguard, for her help and efforts in finalizing this agreement.

American Apparel Open Flagship store in Newfoundland

November 22, 2010

We are pleased to announce that American Apparel has opened its 1st store in Newfoundland, at Avalon Mall (see photo). The store is 2800 square feet, and is situated on the mall's 1st level. The flagship location was designed by Robert Ruscio at RuscioStudio.

American Apparel operate 278 stores in 20 countries.

Avalon Mall is the top performing mall in New Foundland, with sales psf in excess of $630 psf.

I'd like to thank Craig Smith of Crombie REIT for his help in completing this transaction.

International Currency Exchange wins the ICSC Maple Leaf Award

October 28, 2010

I am pleased to announce that International Currency Exchange won the Maple Leaf Award for Best Retail Design - Kiosk, at this year's ICSC Awards, in Toronto. Congratulations to ICE and retail designer Robert Ruscio (RuscioStudio), who developed this fantastic prototype. Robert did a marvellous job with this kiosk, drawing upon a most unique inspirations for its design - Beijing National Stadium, The Bird's Nest).

More great news:

We are further pleased to announce that ICE has opened 5 locations in 2010;

- Place Rosemere, Quebec
- Bramalea City Centre, Ontario
- Place Laurier, Quebec
- Market Mall, Calgary
- Carrefour Angrignon, Quebec

The Market Mall opening is unique as ICE unveiled their new inline store prototype, which was designed by Gervais Harding and Assoc. The GHA team have developed a very futuristic, fresh, and unique new store approach (see photo). Another Maple Leaf Award may be in the cards.

Opening Soon - Square One, Ontario.

ICE operates over 350+ branches in 20+ countries. The classic Best In Class.

For 2011, we are looking to open 5-6 locations. Size required for a kiosk is 100 sq.ft.

Flame On - Le Creuset Opens 1st Canadian Store

October 21, 2010

We are pleased to announce that Le Creuset opened its 1st Canadian location on September 29th at Chinook Centre, in Calgary, Alberta. The 1800 sq.ft store is strategically situated in the heart of the centre's new $277 million expansion area, on the mall lower level. Store design is first class (see photo), highlighted by the striking flame coloured exterior, and an interior which is colourful, warm, and very well merchandised. Build-out cost for this flagship location exceeded $550 psf.

Chinook Centre is the #2 mall in the province of Alberta, with sales per square foot in excess of of $840 psf. Furthermore, with the addition of 50 new retailers, the shopping centre fully expects to increase its market share. Chinook Centre now has a total Gross Leasable Area of 1.2M and approximately 215 stores. Other new retailers in this 180,000 sq.ft expansion include: Fossil, Apple, Harry Rosen, Anthropologie, Urban Outfitters, Burberry, Coach, A/X Armani Exchange...etc

Le Creuset was founded 85 years ago, in 1925, and is located in Fresnoy Le Grand in Northern France. The company has become an iconic brand known for world quality cookware and housewares under the Le Creuset and Screwpull brand names. Since 1987, the company has been owned by Paul Van Zuydam and is self-financed. Today, Le Creuset operates over 102 store locations in 15 countries.

Le Creuset will consider opening locations on high traffic main streets and super-regional shopping centres, in affluent Canadian markets. Desired co-tenants include: Coach, Aritzia, Lululemon, Sephora, Apple, ...etc

I'd like to thank Darryl Schmidt, Senior Director of Leasing Western Region for Cadillac Fairview, for his help in completing this transaction.

Fossil Posts Record Breaking 2nd Quarter Results

October 18, 2010

I thought I would share with you some great news regarding Fossil.

Fossil had an impressive 2nd quarter, with net sales and earnings reaching record levels. Here are a few highlights of the results (2010 vs 2009):

- Net Sales increased by 30.6% to $412M compared to $315.9M
- Gross Profit rose 41.7% to $236.9M, compared to $167.2M
- Operated Income increased by 186.3% to $64.3M, compared to $22.5M
- Net Income increased by 227.8% to $54.5M, compared to $16.6M
- Comparable store sales increased 15.5%

As for Canada, I am pleased to announce that Fossil opened their 9th Canadian store, in late September in the new $277M expansion area at Chinook Centre, in Calgary, Alberta (see photo). Stay tuned for more exciting news on Fossil.

Live Out Loud Every Day - Lole Opens Their 1st Store

September 20, 2010

We are pleased to announce the opening of the 1st Atelier Lole, on St. Denis St in Montreal. The store was the creation of Groupe Cossette with the help of architectural firm Aedifica, who have done a magnificent job bringing forward  an exceptionally fresh retail design, which is highlighted by the live green walled storefront, evoking the feel of a city park. Atelier Lole is truly a one-stop shop for the active women, to shop, participate in organized training\exercise sessions in parks and yoga courses, as well as to attend presentations on such topics as health, nutrition, travel..etc. Lole are owned by Longueuil based Coalision Inc, who plan to open 40 Lole locations in North America in the next 5 years.

To view the Press Release, click here