Retail, Past Present And Future(s): An In

Retail, Past Present And Future(s): An In

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
Originally constructed in 1971
2014
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
1950 – Parkway Plaza
1952 – Don Mills Shopping Centre
1953 – Lawrence Plaza
1954 - Golden Mile Plaza
1954 – Eglinton Square Shopping Centre
1955 – Centerpoint Mall
1955 – Holt Renfrew – 144 Bloor St W, Toronto
1956 – Cloverdale Mall
1956 – Dufferin Mall
1956 – Dixie Outlet Mall
1858 - Simpsons, Newmarket
1869 – Eaton’s – 178 Yonge St, Toronto
2005 – Vaughan Mills
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
1974 – HBC – Bloor St, Toronto
1975 – Bridlewood Mall
1977 – Eaton Centre
1979 – Holt Renfrew – 50 Bloor St W, Toronto
SWD
1903 – North Northway and Sons – 240 Yonge St, Toronto
1894 – Simpsons – Queen & Yonge, Toronto
1895 – F W Woolworth’s – Queen & Yonge
1899 – Old City Hall
HM
1883 – Eaton’s – 190 Yonge St, Toronto
1884 – Yonge Street Arcade
1872 – Simpsons – move to 184 Yonge St, Toronto 1889 – Holt Renfrew – 71 King St E, Toronto
1985 – Lawrence Square Shopping Centre
1985 – Woodbine Centre
1962 - Shoppers World Danforth
1962 - Albion Centre (formerly Shoppers World Albion)
1962 – Eatons @ Don Mills Shopping Centre
1964 – Yorkdale Mall
1965 – Bayview Village
1966 – Agincourt Mall
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