Which high-profile retailer will move into Sears Canada’s Eaton Centre space?
Which high-profile retailer will move into Sears Canada’s Eaton Centre space?
After much speculation, Sears Canada has struck a $400-million deal with its landlords to sell back five of its most valuable leases—including the lease on its Eaton Centre store. (Locations in Sherway Gardens, Markham’s Markville Shopping Centre, London and Richmond, B.C. are also slated to close over the next 18 months.) The rampant rumours about who will take over the prime real estate in the centrally-located mall have already begun. The top contender seems to be Nordstrom, which is already planning stores in Sherway Gardens and Yorkdale but hasn’t yet secured space downtown. However, it’s a safe bet that several other retailers are also salivating over the 800,000-square-foot space. Let the games begin.
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my understanding is that they’re going to divvy up the space into 20-30 retail locations, akin to what happened to Eaton’s old space at Yorkdale.
Even having Saks on the list is dumb given what HBC is trying to do with their flagship Bay location. Why on earth would they want to cannibalize the Bay with a similar but slightly more upscale store a block away?