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Fossil - Bringing Vintage to the Canadian Maritimes

April 11, 2012

I am pleased to announce that one of the world's hottest retailers, Fossil,  will soon open, their first two stores in Atlantic Canada.

In June. Fossil opens in Nova Scotia at Halifax Shopping Centre(HSC). The store, which is currently under construction, is 1600 sq.ft, and will carry Fossil's full line of watches, accessories, and leather goods. The store will be Fossil's flagship and only Nova Scotia location.
 
About HSC - HSC is located on Mumford Road in downtown Halifax. With sales of $575 psf, HSC is the top performing mall in Nova Scotia. Fossil will soon join the list of other best class retailers, such as Sephora, Hollister, Coach, Victoria Secret ...etc, who have recently opened in the centre.
 
My thanks to Jim Hedrich of 20 Vic for his help and efforts in completing this transaction. Jim is a seasoned pro. He is honest, direct, and no BS. A pleasure to deal with.
 
I can also now confirm that, in the summer of 2013 (perhaps earlier), Fossil will open in Moncton, at Champlain Place. The store, 1350 sq.ft, will be strategically situated on the mall's 50 yard line, on a corner, facing the new Sephora. Like HSC in Halifax, Champlain Place will be the only Fossil store in New Brunswick.
 
Champlain Place is owned by Cadillac Fairview and is both the top performing, and largest shopping centre in the province of New Brunswick.
 
I'd like to offer my gratitude to Dave Azran of CF. for his efforts in putting this deal together. Dave is always passionate and brings a strong level of enthusiasm to each transaction. Keep up the great work Dave.
 
We'll post and send out photos once these new stores have opened.
 
Fossil's performance in Canada has been outstanding. Average store sales are a phenomenal $1000 psf. Given this great success, there are now plans to both, accelerate Fossil's expansion and to increase the total of stores planned. Markets of interest include Toronto, Vancouver, and Calgary. Property type: Super regional shopping centres, downtown high streets (Bloor, Queen St West, Sainte Catherine), and lifestyle centres. Size required 1250-1500 sq.ft.
 
Fossil is also very interested to open additional outlet locations (in those above-noted cities) in Canada. Size required is 3000 sq.ft.
 
Fossil's preferred co-tenants include: Apple, Lululemon, Aritzia, Michael Kors, Coach, Sephora, Banana Republic...etc
 
Finally, in other Fossil news, Fossil Inc has now completed its acquisition of Skagen Design Ltd. Stay tuned for more details on this exciting development.
 
Fossil is a truly global brand. The company operates 400+ corporate stores in approximately 20 countries.
 
For additional information on Fossil, please visit their website at www.fossil.com.