Retail, Past Present And Future(s): An In-depth Review Of 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, 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 , 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 – Williams Sonoma Opening Bloor Street, Gucci Bloor Street, Cartier Bloor Street, Louis Vutton Bloor Street, Escada Bloor Street, Tommy Bahamas Bloor Street, “THANKS FOR THE MEMORIES”……….

Eaton’s, Simpsons, Simpsons - Sears, Woodward’s, , Robinson’s, Sayvette, Ogilvie’s, Kaplan’s, Towers, , K-Mart, Hard Stores, Horizon, Bretton’s, , 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, , Stores, A & P, , 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, ’s, Holt Renfrew, Simon, , , 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, , , Atmosphere, Mark’s, MEC, Sail, , J Crew, Dollarama, Anthropologie, Uniglo, Krispy Crème, Victoria’s Secret, GAP, Old Navy, Ann Taylor, , 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, , 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 – Mills 1955 – Centerpoint Mall 1955 – Holt Renfrew – 144 Bloor St W, Toronto 1956 – 1956 – 1956 –

LP 1970 – 1970 – 1971 – 1972 – Galleria Shopping Centre 1972 – 1973 – Honeydale Mall 1973 – SWD 1974 – HBC – Bloor St, Toronto 1975 – 1977 – 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 - 1899 – 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 –

1985 – Lawrence Square Shopping Centre 1985 – 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