dunno
Active Member
I can understand why you're saying that, but I stumbled across an article in Retail Insider about the Bay closing in 2020. https://retail-insider.com/retail-i...ay-exiting-downtown-edmonton-after-207-years/You could argue that major retail's fate was sealed in the downtown when The Bay opened a store at Kingsway in 1988. Remember after that The Bay shrank its store on Jasper Avenue dramatically. Then once HBC took over Woodward's, The Bay eventually moved its downtown store to Edmonton Centre (as it was then), which hurt Jasper Avenue and the surrounding businesses. And The Bay didn't even take over all of Woodward's but only operated about 60% of the anchor space in Edmonton Centre.
Between The Bay leaving Jasper Avenue and Eaton's closing (robbing downtown of yet another anchor that wasn't replaced) this sucked a lot of life out of the area.
The article fits my own understanding of Downtown over the last 15 years. Obviously, the days of Jasper Ave as the retail heart of Edmonton are long over, but there was serious momentum towards revitalization in the late 00s and 2010s, including on the retail/services side. The article highlights that, prior to the oil price slump in 2015, there were plans to move Holt Renfrew into an expanded space in City Centre where Woodwards used to be, alongside Target and allegedly Oxford looked at replacing the Bay with Nordstrom in CCM. I can't help but wonder what Downtown's trajectory would've been like had that happened (of course Target pulled out of the country shorty thereafter). It's hard not to imagine it creating a pull that would've attracted other big-name retailers that could've complemented local businesses as the retail landscape downtown became healthier. 20 years ago, 104th Street was imagined to be the next Whyte Ave, and, as pleasant as it is, it never really got there, while 124th, 118th, etc are still pretty quiet too.
All of this is to say that there's maybe an alternate universe out there (if you believe in that sort of thing) where Edmonton's downtown retail is thriving, or at least doing alright for itself. If Oxford remained bullish on City Centre, it could've tipped the scales and made Downtown a formidable retail destination. It's unlikely it'd ever compete with WEM, but even being a secondary destination a la Whyte, Southgate, SEC, Kingsway would've been great. And I think this prior momentum shows that the fate also doesn't have to be sealed going forward. Department stores are a dying breed, anyway.