Tuscani01
Senior Member
Just saw that one of them will be at Heartland Town Centre in Mississauga
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News on retail chains (was: New Mall Retail)
- Thread starter Dane
- Start date
Just saw that one of them will be at Heartland Town Centre in Mississauga
Northern Light
Superstar
It will not be any of the above. Wrong market segment for most of those, its not a luxury brand.
Its not them either.
***
And no, unfortunately, I can't share who it is at this point.
caledont
New Member
I'm guessing Bershka!
Northern Light
Superstar
Nope.
oresama
Active Member
Any hints? Is it from Asia?
Northern Light
Superstar
Last hint for now, LOL, my source would not appreciate if I gave out the info directly or indirectly, at this point in time.
****
In answer to the above, 'Yes'.
oresama
Active Member
Thanks! My guess is GU given the hint was in a Uniqlo expansion article
Dan416
Senior Member
Wdym? I just checked both the Square One website and Uniqlo website and that location is listed on both.
Tuscani01
Senior Member
Ahhhhh! I confused Muji with Uniqlo
AlbertC
Superstar
The Pusateri's store at Bayview Village is temporarily closed, and its future looks uncertain:
streetsoftoronto.com
Excerpts from the article:
Just four months after closing their 20-year-old Yorkville spot, upscale Italian grocer Pusateri’s might be facing new troubles with its Bayview Village location now shuttered.
Though Pusateri’s has yet to comment, insiders tell Streets of Toronto that the place is now locked up tight. An Instagram comment on Pusateri’s most recent post also hints at trouble brewing:
“What happened to your Bayview Village store,” the comment reads. “I and other shoppers were shocked to see it closed and empty.”
“… Several factors [are] driving a shift in the retail landscape, which impacted this property,” Pusateri’s marketing head, Paolo Pusateri, told Grocery Business magazine about the Yorkville closing.
The plan, he said, was to zero in on their three remaining spots — Avenue Road, Bayview Village and Eaton Centre — while also launching a new 10,000-square-foot store in Little Italy this spring. But with radio silence on that new location for quite some time, the question now looms: Will this store ever see the light of day?
We contacted Bayview Village Guest Services to inquire about the status of Pusateri’s and were informed that they are currently unsure of its status.
“We are still trying to reach someone from Pusateri’s. “For the time being, the store is temporarily closed.”
The announcement of the Little Italy location was met with great excitement, marking Pusateri’s return to its roots. Originally slated to open in the summer of 2023, the fine food store has faced ongoing delays. Despite the high hopes and anticipation, the company has remained tight-lipped about the reasons for the more-than-a-year-overdue opening.
Toronto's original glam grocer seems to close doors on yet another location
Just four months after closing theirYorkville spot, upscale Italian grocer Pusateri's might be facing new troubles.
streetsoftoronto.com
Excerpts from the article:
Just four months after closing their 20-year-old Yorkville spot, upscale Italian grocer Pusateri’s might be facing new troubles with its Bayview Village location now shuttered.
Though Pusateri’s has yet to comment, insiders tell Streets of Toronto that the place is now locked up tight. An Instagram comment on Pusateri’s most recent post also hints at trouble brewing:
“What happened to your Bayview Village store,” the comment reads. “I and other shoppers were shocked to see it closed and empty.”
“… Several factors [are] driving a shift in the retail landscape, which impacted this property,” Pusateri’s marketing head, Paolo Pusateri, told Grocery Business magazine about the Yorkville closing.
The plan, he said, was to zero in on their three remaining spots — Avenue Road, Bayview Village and Eaton Centre — while also launching a new 10,000-square-foot store in Little Italy this spring. But with radio silence on that new location for quite some time, the question now looms: Will this store ever see the light of day?
We contacted Bayview Village Guest Services to inquire about the status of Pusateri’s and were informed that they are currently unsure of its status.
“We are still trying to reach someone from Pusateri’s. “For the time being, the store is temporarily closed.”
The announcement of the Little Italy location was met with great excitement, marking Pusateri’s return to its roots. Originally slated to open in the summer of 2023, the fine food store has faced ongoing delays. Despite the high hopes and anticipation, the company has remained tight-lipped about the reasons for the more-than-a-year-overdue opening.
gabe
Senior Member
The Pusateri's store at Bayview Village is temporarily closed, and its future looks uncertain:
Toronto's original glam grocer seems to close doors on yet another location
Just four months after closing theirYorkville spot, upscale Italian grocer Pusateri's might be facing new troubles.
Excerpts from the article:
Just four months after closing their 20-year-old Yorkville spot, upscale Italian grocer Pusateri’s might be facing new troubles with its Bayview Village location now shuttered.
Though Pusateri’s has yet to comment, insiders tell Streets of Toronto that the place is now locked up tight. An Instagram comment on Pusateri’s most recent post also hints at trouble brewing:
“What happened to your Bayview Village store,” the comment reads. “I and other shoppers were shocked to see it closed and empty.”
“… Several factors [are] driving a shift in the retail landscape, which impacted this property,” Pusateri’s marketing head, Paolo Pusateri, told Grocery Business magazine about the Yorkville closing.
The plan, he said, was to zero in on their three remaining spots — Avenue Road, Bayview Village and Eaton Centre — while also launching a new 10,000-square-foot store in Little Italy this spring. But with radio silence on that new location for quite some time, the question now looms: Will this store ever see the light of day?
We contacted Bayview Village Guest Services to inquire about the status of Pusateri’s and were informed that they are currently unsure of its status.
“We are still trying to reach someone from Pusateri’s. “For the time being, the store is temporarily closed.”
The announcement of the Little Italy location was met with great excitement, marking Pusateri’s return to its roots. Originally slated to open in the summer of 2023, the fine food store has faced ongoing delays. Despite the high hopes and anticipation, the company has remained tight-lipped about the reasons for the more-than-a-year-overdue opening.
That's good news! This is a company that price gouged hand sanitizer and disinfectant wipes during the first COVID lockdown, until the media got hold of it, then they claimed the pricing was a "mistake" lol
Good riddance Pusateri's! You won't be missed!
Towered
Superstar
I'm calling it now - their bizarre choice of a high end store on middle class College street in Little Italy will never open. Such a stupid choice.
AlbertC
Superstar
The prophecy has been fulfilled. Plans for Pusateri's on College are officially donezo!!
Northern Light
Superstar
Canada's Couche Tard, owner of Circle K convenience stores has made a bid to buy Japanese based 7-11.
www.bnnbloomberg.ca
Couche Tard is already huge with 14,000 locations, but 7-11 is larger in location count (by quite a bit) at 85,000 around the Globe. The former, however, has the larger market cap.
Together, they would operate ~100,000 convenience stores and be the undeniable global behemoth in that space.
****
Quick thoughts:
1) There's an odd moment of nationalism when one thinks of having a global giant headquartered in your country. But that doesn't make this a great idea.
2) I don't see how this can't suppress competition and favour a more oligopolistic world in retail.
3) Its far from a given this will go ahead, takeovers of Japanese companies by foreign interests are rare, both Japanese business culture and the state tend to frown on such. Couche Tard's last big play was for
French grocer Carrefour, and France ultimately made clear that it would not be allowed.
Couche-Tard seeks to buy US$31 billion owner of 7-Eleven chain
Circle K operator Alimentation Couche-Tard Inc. made a proposal to take over much larger rival and 7-Eleven owner Seven & i Holdings Co., in what would be the biggest foreign takeover of a Japanese company. A merger would create the world’s top operator of roughly 100,000 convenience stores.
www.bnnbloomberg.ca
Couche Tard is already huge with 14,000 locations, but 7-11 is larger in location count (by quite a bit) at 85,000 around the Globe. The former, however, has the larger market cap.
Together, they would operate ~100,000 convenience stores and be the undeniable global behemoth in that space.
****
Quick thoughts:
1) There's an odd moment of nationalism when one thinks of having a global giant headquartered in your country. But that doesn't make this a great idea.
2) I don't see how this can't suppress competition and favour a more oligopolistic world in retail.
3) Its far from a given this will go ahead, takeovers of Japanese companies by foreign interests are rare, both Japanese business culture and the state tend to frown on such. Couche Tard's last big play was for
French grocer Carrefour, and France ultimately made clear that it would not be allowed.
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Jonny5
Senior Member
Some things I've seen on this:Canada's Couche Tard, owner of Circle K convenience stores has made a bid to buy Japanese based 7-11.
Couche-Tard seeks to buy US$31 billion owner of 7-Eleven chain
Circle K operator Alimentation Couche-Tard Inc. made a proposal to take over much larger rival and 7-Eleven owner Seven & i Holdings Co., in what would be the biggest foreign takeover of a Japanese company. A merger would create the world’s top operator of roughly 100,000 convenience stores.
Couche Tard is already huge with 14,000 locations, but 7-11 is larger in location count (by quite a bit) at 85,000 around the Globe. The former, however, has the larger market cap.
Together, they would operate ~100,000 convenience stores and be the undeniable global behemoth in that space.
****
Quick thoughts:
1) There's an odd moment of nationalism when one thinks of having a global giant headquartered in your country. But that doesn't make this a great idea.
2) I don't see how this can't suppress competition and favour a more oligopolistic world in retail.
3) Its far from a given this will go ahead, takeovers of Japanese companies by foreign interests are rare, both Japanese business culture and the state tend to frown on such. Couche Tard's last big play was for
French grocer Carrefour, and France ultimately made clear that it would not be allowed.
- Much of this Japanese company's business is not related to 7-11, so they may make part of a deal that 7-11 is simply a spin-off and the rest is sold off in Japan to satisfy the Japanese.
- Apparently this company has already been under activist shareholder pressure to separate 7-11 from the rest of their Japanese business activities too.
- A big hurdle may be US regulators since like Dollar Stores, Convenience Stores have in the past decade come under much more scrutiny as they start to make up noticeably more of the food service and grocery network, especially in urban low-income neighbourhoods and in rural or isolated towns, and a combined 7-11 with Circle K in the US would have overwhelming market share in the space.