Bizou Celebrates Newest Opening in OntarioJanuary 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.