pw20
Active Member
In the context of regular Bay stores, how is 50 mil a year ? Average ? I'm just trying to think, given the rents they pay is it worth while to keep the store ?
Arm chairing it here - the Queen Street store is 2.85 times the size of Bloor Street. 1M square feet to 350K.
If the Bay Bloor street is doing $50M and Queen Street is doing 4x that - Bloor is hardly a poorly performing store - we also have no concept of the rent that the Bay pays on the space. It may be that the Bay has a sweetheart tenant deal, and is actually selling a decent volume of product compared overall to other Bay stores.