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Canadian Retail Scene Continues to Sizzle

November 07, 2011

I am usually sending out blogs on our clients and their successes. This blog will be a little different.

I am fascinated by the continuing invasion of US and international retailers to Canada. The volume of retailers seeking space in Canada is staggering, and demand in the top properties, far outweighs the supply of available space. This is quite a contrast when compared with the retail landscape in the US and Europe, where demand is not great, and the supply if not plentiful, more than meets the level of demand. It's not surprising that US and European brands are flocking to Canada; sales are typically 25% higher and top-line profits more than exceed forecasts and projections. With this in mind, the love affair with Canada seems to be at its peak. Here's a short list of international brands that have recently or will soon open their 1st Canadian locations:  Microsoft, J Crew, Ted Baker, Bare Escentuals, Tory Burch, Free People, Kate Spade, Pinkberry, Pull-in, Express, Johnson & Murphy, Justice, Target...etc. While I can probably easily add another 20 retail brands to this list, I think you get the picture.

Pursuant to the above, I have attached the following articles for your review:

1. Competition fierce for retailers to get into high end malls (Montreal Gazette - October 29, 2011)
2. Higher mall rents come with higher sales (thestar.com - Sept 1, 2011)
3. Chinook Centre sales measure up to best (Calgary Herald - Oct 21, 2011)
4. US retail interest hikes rental rates on Ste.Catherine (Montreal Gazette)
5. Coach becomes latest retailer to enter Winnipeg market (Winnipeg Free Press - August 8, 2011)

For those of you considering entering Canada, these articles will provide a wealth of useful information.

Think Retail has developed and successfully implemented Canadian market entry strategies for many of today's top super-brands. We secure AAA retail locations annually, in all Canadian market from Vancouver to Newfoundland. Yorkdale, West Edmonton Mall, Toronto Eaton Centre, Robson Street, Rideau Centre, Carrefour Laval to Vaughan Mills - our clients have locations at the 50 yard line of these top retail centres\streets. If your company is looking to open in Canada, we'd like to share our experience and resources with you. We're offer valued added programs, initiatives and solutions to ensure the success of your Canadian real estate program.

I will be attending the ICSC conference in New York on December 5-6 and would be pleased to meet with you and exchange ideas and insight to the Canadian retail climate. Please contact me to schedule a meeting.