sixrings
Senior Member
People who shop at Yorkdale probably don't describe people as "folks.". On the other hand people who work at Yorkdale probably do.
Toronto Yorkdale Shopping Centre | ?m | ?s | Oxford Properties | MMC Architecture
- Thread starter Northern Light
- Start date
UD2
Active Member
One should also measure revenue/visit in a Apple Store. What are the likelihood that a visit to an Apple Store will result in a purchase?
Also, it make sense if you are building a new mall to make a decision on the size of your anchor shop, and if you can achieve the same foot traffic with a smaller anchor, but existing malls won't have that luxury simply because there arnt enough high floor traffic/space stores like apple to fill the same size that a Sears will take up.
Lastly, you also need to do research on the number of actual people who visit malls for the Apple Store, or if they are simply strolling into an Apple Store as they walk pass one In between shopping for other things like clothes.
If number says malls with Apple Store drive 10% more foot traffic than malls without apple stores, then the statistic is garbage and useless because there are many other factors that could have made the malls with apple stores 10% more attractive. For the statistic to make sense, you will need to find the seasonally and economic cycle adjusted numbers for before and after the introduction of an Apple Store for a mall that had not gone through any other material changes during the same period.
I suspect the numbers won't be 10%.
zang
Senior Member
It's not like this is some kind of attempt at trickery. Apple stores make hoards of cash (highest $ per square foot of any retailer). Apple makes lots of money and drives more foot traffic in direct before/after comparisons. In turn, the presence of an Apple Store means other shops make more, too.
Perhaps you'd trust WSJs numbers?
http://www.wsj.com/article_email/ap...perators-1426007804-lMyQjAxMTI1NzEyMDkxOTA0Wj
Johnny Au
Senior Member
...and yet, Scarborough Town Centre is the largest shopping mall in Toronto that does not have an Apple Store.
It is interesting that Lawrence Square is located within a short walking distance of Yorkdale. Yorkdale mainly has high-end retailers, while Lawrence Square mainly has low-end retailers.
It is interesting that Lawrence Square is located within a short walking distance of Yorkdale. Yorkdale mainly has high-end retailers, while Lawrence Square mainly has low-end retailers.
picard102
Senior Member
Once the next expansion opens Yorkdale will be the largest again.
Low end is putting it mildly.
sixrings
Senior Member
I believe Lawrence Square is just sitting on the land waiting for redevelopment.
Last edited by a moderator:
Yorkdale is the largest mall in Toronto. (The Eaton Centre is second, Scarborough Town Centre is third.)
Scarborough Town Centre is the largest mall in Toronto without an Apple Store.
42
Is Yorkdale the biggest if you include the Bay Store as part of the Eaton Centre?
zang
Senior Member
I got a similar feeling walking around Woodbine Center recently. With one anchor dead before it even opened (Target), another limping along with a terminal wound (Sears), a third looking to go more upscale (Hudson's Bay), and lots of off-brand independent stores and few big name/big draw stores (unless phone stores count) that mall is one step away from turning a vacant anchor into a flea market, and going the way of Honeydale in a slow agonizing death.
The only thing keeping that from happening right now seems to be the vastly overpriced Fantasy Fun Fair. Their aggressively costly per-ride pricing forces parents into buying day passes, but if their business model only works if they force day passes, it doesn't bode well. It can subsidize the poorly performing retail only so long. Either they need to scrap most of the retail, invest big time and go *all* indoor fun park or somehow attract better stores; both of which seem big hills to climb. Without the support of an Oxford or Cadillac-Fairview, I don't see either happening.
AlvinofDiaspar
Moderator
The problem is that the area isn't considered a draw, and that the mall didn't build up a reputation that is more "upscale" than its' immediate surroundings (e.g. Yorkdale, Sherway) STC suffers from a similar problem (to a lesser extent). Size also matters too - I suspect the mall market is far more "winner takes all" than it was 3, 4 decades ago. Small/mid-sized malls that are successful are relatively few and far in between - off the top of my head I can only think of Bayview Village and Fairview.
AoD
AoD
WislaHD
Superstar
I guess it really is the beginning of the end for the mall era.
Now it seems that malls have to reach a certain size (Yorkdale, Square One, Sherway, Fairview, Vaughan Mills) threshold to be successful, leaving most of the smaller ones in the dumps.
AlvinofDiaspar
Moderator
Yeah, just thinking of Mississauga and all the smaller malls are pretty much in the deadpool. It will be interesting to see how Erin Mills Town Centre work out given the scope of renovations and the dying anchor stores.
AoD
AoD
WislaHD
Superstar
I wonder what will happen to Dufferin Mall too. It's been derelict for as long as I've been alive, yet it occupies a big piece of land near the core. Especially interesting should the DRL take a Dufferin routing.
AlvinofDiaspar
Moderator
I can see Dufferin Mall getting redeveloped as the demographic changes - perhaps a more upscale version along the more lines of Bayview Village? Or the new outdoor mall with new internal streets like Shops @ Don Mills or the upcoming the Well covered mall concept? All lined with condos above, of course.
AoD
AoD