Holt Renfrew is closing outlets in Ottawa and Quebec in favour of Toronto expansion
While Holt Renfrew fans in Toronto have been enjoying the store’s flashy new Yorkdale renovation (and anticipating a soon-to-open menswear boutique), well-to-do shoppers have been less fortunate in Ottawa and Quebec City, where the upscale retailer has decided to shut down two of its smaller stores, according to the Star. Apparently, the brand wants to focus resources on expanding within key luxury markets. (With increased competition from incoming Nordstrom and Saks Fifth Avenue, Toronto certainly makes the cut.) Case in point: the company has revealed plans to completely re-do its Bloor Street flagship (à la Yorkdale reno) by 2017, including adding an entirely new façade and private shopping suites.