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Retail, Past Present and Future(S): an In-Depth Review of Toronto Retail Market

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Retail, Past Present and Future(S): an In-Depth Review of Toronto Retail Market Retail, Past Present And Future(s): An In-depth Review Of Toronto Retail Market Land and Development Conference May 2014 SESSION OUTLINE Introduction of Panel Power Point Presentation Remarks by each panel member Questions PANEL Mark Grenville, President, Grenville International Consulting Corporation Tony Hernandez, Director, Centre for the Study of Commercial Activity and Eaton Chair in Retailing, Ryerson University Hermann Kircher, President, Kircher Research Associates Ltd. Tom Smith, Senior Vice President, Development & Leasing, Enclosed Malls, SmartCentres Galleria Royales, St. Hubert Reminder of Global Retail Ideas: Gallerias, Department Stores in London, Paris Galleria Vittorio Emanuele Milan 1865 - 1877 Reminder of Global Retail Ideas: Gallerias, Department Stores in London, Paris General Stores and Shopkeepers-Pre 1850 King Street looking East from Yonge St, Toronto 1870’s Queen Street, Toronto 1902 Age of the Department Store 1850-1950 Eatons`store, annex, factory, Queen and Yonge, Toronto 1920 Eaton’s Original Store 1869 Simpsons department store, 184 Yonge. 1872 Robert Simpson Co, Queen and Yonge , Toronto circa 1908 Eaton’s, Queen and Yonge , Toronto 1930 Yonge Street Arcade, Toronto 1884 Retail stores at grade, professional offices, and schools above All organized around a central glass covered mall A Brave New World Yorkdale Shopping Centre, Highway 401 and Dufferin St, 1964 1977 Regional Mall Expansion, Sherway reflects continued investment in existing dominant centres 2014 Originally constructed in 1971 Big Box in the City, SE corner Bay St and Dundas St 2008 Ethnic Neighbourhoods, China town, Spadina Ave 2011 General Stores and Shopkeepers before 1850 Street Front Retail Department Stores 1850 - 1950 Shopping Centres 1950 - today Big Box Era 1990 – today Ecommerce For Everyone 2010 - Luxury For Everyone 2015 – Urban Retail Power of the Department Store Eaton`s Santa Claus Parade, James St entrance, 1918 Bloor Street – Williams Sonoma Opening Bloor Street, Gucci Bloor Street, Cartier Bloor Street, Louis Vutton Bloor Street, Escada Bloor Street, Tommy Bahamas Bloor Street, Holt Renfrew “THANKS FOR THE MEMORIES”………. Eaton’s, Simpsons, Simpsons - Sears, Woodward’s, Zellers, Robinson’s, Sayvette, Ogilvie’s, Kaplan’s, Towers, Woolco, K-Mart, Hard Stores, Horizon, Bretton’s, Miracle Mart, Morgan’s, Big Lots, Pascal’s, Aikenhead’s, Idomo, DeBoers, Chapters, Bi-Way, Family Fair, Bargain Harold’s, Woolworth’s, Kresge’s, White Rose, Wheal & Cullen, Consumer’s Distributing, Cardinal, Radio Shack, Knob Hill Farms, Dominion Stores, A & P, Food City, Steinberg’s, Valdi, Bittners, Blockbuster, Tabi, Jacob, Petcetera, Giant Carpet, and many more. “THANKS FOR THE FUTURE”……… HBC, SAKS, Target, Walmart, Lulu Lemon, Apple, Microsoft, Google, Yahoo, Amazon, Nordstrom’s, Holt Renfrew, Simon, Loblaws, Shoppers Drug Mart, Leons, The Brick, Shopify, Ebay, Home Depot, Lowes, Rona, Home Hardware, Future Shop, Best Buy, LCBO, Sobey’s. Metro, Rexall. Williams Sonoma. Forever 21, H&M, Zara, Aeropostale, Garage, American Eagle, Roots, Canadian Tire, Sport Chek, Atmosphere, Mark’s, MEC, Sail, Costco, J Crew, Dollarama, Anthropologie, Uniglo, Krispy Crème, Victoria’s Secret, GAP, Old Navy, Ann Taylor, Starbucks, Guess, Sony Store, Coach, Sephora, Children’s Place, Pottery Barn, Crate & Barrel, Disney Store, Hollister, Whole Foods, Toys-R-Us, IKEA, Aldo, Winners, Michael’s, Marshall’s, Home Sense, Golf Town, Bed Bath & Beyond, Brooks Bros., Restoration Hardware, Banana Republic, Aritzia, Pusateri’s, Sporting Life, AND MANY MANY MORE 1858 - Simpsons, Newmarket 1950 – Parkway Plaza 1869 – Eaton’s – 178 Yonge St, Toronto 1952 – Don Mills Shopping Centre 1953 – Lawrence Plaza 1954 - Golden Mile Plaza 1954 – Eglinton Square Shopping Centre 2005 – Vaughan Mills 1955 – Centerpoint Mall 1955 – Holt Renfrew – 144 Bloor St W, Toronto 1956 – Cloverdale Mall 1956 – Dufferin Mall 1956 – Dixie Outlet Mall LP 1970 – East York Town Centre 1970 – Fairview Mall 1971 – Sherway Gardens 1972 – Galleria Shopping Centre 1972 – Manulife Centre 1973 – Honeydale Mall 1973 – Scarborough Town Centre SWD 1974 – HBC – Bloor St, Toronto 1975 – Bridlewood Mall 1977 – Eaton Centre 1979 – Holt Renfrew – 50 Bloor St W, Toronto 1903 – North Northway and Sons – 240 Yonge St, Toronto 1894 – Simpsons – Queen & Yonge, Toronto 1895 – F W Woolworth’s – Queen & Yonge 1962 - Shoppers World Danforth 1899 – Old City Hall 1962 - Albion Centre (formerly Shoppers World Albion) HM 1883 – Eaton’s – 190 Yonge St, Toronto 1962 – Eatons @ Don Mills Shopping Centre 1884 – Yonge Street Arcade 1964 – Yorkdale Mall 1872 – Simpsons – move to 184 Yonge St, Toronto 1889 – Holt Renfrew – 71 King St E, Toronto 1965 – Bayview Village 1966 – Agincourt Mall 1985 – Lawrence Square Shopping Centre 1985 – Woodbine Centre Toronto Historical Retail Growth FUNCTIONAL BIG BOX SPACE NEW INTEGRATION OF BIG BOX SPACE TOP TEN TRENDS AFFECTING THE FUTURE OF RETAIL IN TORONTO • Internet: Omni Channel, Ecommerce, mobile, store as web site, highly responsive, highly interactive, personalized • Luxury segment expanding • Internationalization of retail • Urbanization-smaller ‘Big Box’ stores, multi level retail, reduced choice/less sku’s • Bipolarization market-Luxury and Value segments, DSTM and FSTM • The Growth Plan • Redevelopment of existing centres • Dominance of Institutional and REIT Investors • Consumers Lifestyle concern for health and well-being • Social Ethical Sourcing .
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