officedweller
Senior Member
It's weird - look at the concession spaces - there's not much on the shelves and you could glance at them in an instant
but they have chairs there as if a customer (maybe a husband) will need to rest on.
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- Thread starter Filip
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It's weird - look at the concession spaces - there's not much on the shelves and you could glance at them in an instant
but they have chairs there as if a customer (maybe a husband) will need to rest on.
Northern Light
Superstar
As first reported by @ericlewis91 here at UT, Retail-Insider has confirmed the closure of Sherway's Food Hall at Sak's (Pusateri's).
Closure is January 28th, but the space is already beginning to empty out.
https://retail-insider.com/bulletin...all-to-shut-at-cf-sherway-gardens-in-toronto/
Closure is January 28th, but the space is already beginning to empty out.
https://retail-insider.com/bulletin...all-to-shut-at-cf-sherway-gardens-in-toronto/
Richard White
Senior Member
Maybe I am reading too much into this but the article seems to bring the viability of Saks into question.
Not just the food halls but the stores themselves.
Personally I don't know how much longer Saks will survive up here.
torontowest91
Active Member
Yes even the regular Saks seems quite empty.
pw20
Active Member
The reduced hours thing is weird and not a great sign.
Towered
Superstar
And yet Pusateri's is opening a new store on College near Dovercourt, which seems like a very strange location to me for a pricey grocery store. They're setting themselves up to fail.
torontowest91
Active Member
really? Where exactly... near my office actually!
Towered
Superstar
In the base of the new Carvalo condos.
Northern Light
Superstar
I don't know if they're setting themselves up to fail; but I will concur it's an odd choice of location. It is a reasonably well off, gentrifying area, but still...........
Northern Light
Superstar
I would suggest that that is not an unfair question to be asking.
I don't know where the per ft2 sales numbers are at the moment; Queen, as its height, pre-pandemic was selling decently. But remains far emptier than it was..........
HBC as a retail owner has not shown much hustle with any of its holdings in recent years. The luxury space in Canada is pretty fully serviced, but not vastly over serviced, but they're being out hustled by Holts, by Simons, and by Nordstrom in the upper middle and high end spaces, along w/boutique retailers and e-comm.
But then again, the principle owner is not a retail guy, he's a real estate guy, and we've seen that playout again and again with their holdings.
Dan416
Senior Member
Speaking of reduced hours, Simons at Square One also has reduced hours which are shorter than Square One itself, which I found odd as well. I wonder if that means they're not doing so well either.
officedweller
Senior Member
You have to wonder about the Eataly moving in, when Pusateri's failed in practically the same location.
But Iit looks like Eataly is more about dining, rather than groceries, and may be less high-brow.
But Iit looks like Eataly is more about dining, rather than groceries, and may be less high-brow.
gregv
Active Member
I just read this in the NY Times and thought of your post the other day:
Hudson’s Bay Company, the owner of the Saks Fifth Avenue department store chain, said it would bid with the state to convert the top three floors of its flagship store in Midtown Manhattan into a Monte Carlo-style casino.
JasonParis
Moderator
Has NYC changed its laws on casino gambling then?