General Retail News - Page 75

OTSkyline · #**1481** Posted **Mar 22, 2015, 2:42 AM**

^ If that's the case I'm kind of hoping the one on Bank St. will close... it's such a big and wasted space on Bank and the street frontage is horrible. I think there's a lot of opportunity there.

https://www.google.ca/maps/@45.41297...lS8ZuF54LQ!2e0

canabiz · #**1482** Posted **Mar 22, 2015, 2:52 AM**

Quote:

Originally Posted by Cre47

Anybody knows if any Staples store in Ottawa itself will be closed. Apparently in an article about the closing of Target and Staples in Smiths Falls, 225 stores in North America will be closed by the end of this year.

http://ottawacitizen.com/news/local-...n-smiths-falls

The one in Bells Corners has been closed for about 6 months. It was one of the smaller Staples in Ottawa. The space is now available for lease/sub-lease and last I checked, no new tenant has moved in.

Cre47 · #**1483** Posted **Mar 22, 2015, 2:54 AM**

This Globe and Mail Article says 15 stores in Canada though we don't know which.

http://www.theglobeandmail.com/repor...ticle20867209/

Edit: Sorry didn't noticed the post before. Thanks

JCL · #**1484** Posted **Mar 22, 2015, 3:09 AM**

The Staples at Shoppers City East closed down as well.

rocketphish · #**1485** Posted **Mar 22, 2015, 9:19 PM**

Quote:

Originally Posted by JCL

The Staples at Shoppers City East closed down as well.

However, a new one opened at Donald St. and St. Laurent Blvd. last year next to Winners, in the space once occupied by Bouclair.

11a2b3 · #**1486** Posted **Mar 22, 2015, 9:37 PM**

Quote:

Originally Posted by OTSkyline

^ If that's the case I'm kind of hoping the one on Bank St. will close... it's such a big and wasted space on Bank and the street frontage is horrible. I think there's a lot of opportunity there.

https://www.google.ca/maps/@45.41297...lS8ZuF54LQ!2e0

Bank St. Staples is the only bricks and mortar store downtown that sells office/school supplies, last thing needed is for it to close.

Norman Bates · #**1487** Posted **Mar 23, 2015, 11:11 AM**

Quote:

Originally Posted by 11a2b3

Bank St. Staples is the only bricks and mortar store downtown that sells office/school supplies, last thing needed is for it to close.

There was a Grand and Toy on Metcalfe and Albert, as well as one in the rideau centre near the pedestrian bridge. Have they closed?

IntoTheCore · #**1488** Posted **Mar 23, 2015, 12:15 PM**

Quote:

Originally Posted by Norman Bates

There was a Grand and Toy on Metcalfe and Albert, as well as one in the rideau centre near the pedestrian bridge. Have they closed?

All Grand and Toy stores closed last year. I believe they're web-only now.

OTSkyline · #**1489** Posted **Mar 23, 2015, 12:21 PM**

Well they could use a reno to make it more street friendly. And perhaps make it more compact? (i.e taking the 2 floors on the right side for a more "urban" Staples and have some other retail shops can take up the first level on the left side).

11a2b3 · #**1490** Posted **Mar 23, 2015, 7:16 PM**

Quote:

Originally Posted by IntoTheCore

All Grand and Toy stores closed last year. I believe they're web-only now.

Yep, and with Sparks st. Zellers closed, not too many shopping options if living downtown. Dollarama is mostly junk.

Capital Shaun · #**1491** Posted **Mar 23, 2015, 7:58 PM**

Quote:

Originally Posted by rocketphish

However, a new one opened at Donald St. and St. Laurent Blvd. last year next to Winners, in the space once occupied by Bouclair.

It's not really new as it's The Staple that used to be at Shopper's City East which relocated.

Harley613 · #**1492** Posted **Mar 24, 2015, 12:20 AM**

Elite BMW on Ogilvie has fully moved into the old Ogilvie Subaru building and the BMW/Mini building is completely down to rubble.

rocketphish · #**1493** Posted **Mar 24, 2015, 5:05 PM**

La Vie en Rose buying insolvent swimwear retailer Bikini Village, Gatineau location one of only four to close

The Canadian Press ~ OBJ
Published on March 24, 2015

Canadian lingerie and swimwear retailer Boutique La Vie en Rose is buying insolvent chain Groupe Bikini Village (TSXV:GBV) for an undisclosed price.

La Vie en Rose says it plans to continue operating 48 of Bikini Village's 52 stores under the Bikini Village banner, preserving 300 of the 400 Bikini Village jobs.

The four stores that will close are all Bikini Village liquidation centres, including one in Gatineau, according to La Vie en Rose spokesperson Emilie Gentes. Ms. Gentes said those locations are closing because La Vie en Rose already has liquidation centres in those regions.

The deal, which is subject to approval by a Quebec Superior Court judge, is expected to close the end of March, the companies said Tuesday.

Bikini Village filed for creditor protection last month under the Bankruptcy and Insolvency Act after posting a series of million-dollar quarterly losses.

La Vie en Rose CEO Francois Roberge said the acquisition will help to consolidate its position as Canada's leading swimwear retailer while also opening the Bikini Village banner outside the country.

The Montreal-based chain has nearly 180 stores across Canada operating under three banners – La Vie en Rose, La Vie en Rose Aqua, and La Vie en Rose Outlet. Since 2004, it has opened more than 90 stores in some 17 countries.

http://www.obj.ca/Local/Retail/2015-...our-to-close/1

Acajack · #**1494** Posted **Mar 24, 2015, 7:09 PM**

Quote:

Originally Posted by McC

Be careful about Britannia Beach, it's the only picnic area in town that I've noticed to be relatively well-patrolled and controlled.

Or he can just stay on the Quebec side...

http://www.lapresse.ca/le-droit/actu...-au-quebec.php

Radster · #**1495** Posted **Mar 24, 2015, 7:14 PM**

So thats the one on Boul. de la Carriere, by the SAQ (near Casino in Hull) which will close. For a liquidation shop, I never found it had amazing deals to be honest, and always hard to find the right size in the style you like. No big loss.

Acajack · #**1496** Posted **Mar 24, 2015, 7:23 PM**

Quote:

Originally Posted by Radster

So thats the one on Boul. de la Carriere, by the SAQ (near Casino in Hull) which will close. For a liquidation shop, I never found it had amazing deals to be honest, and always hard to find the right size in the style you like. No big loss.

Wow, I did not even know they had one there and I go by there all the time -several times a week!

When I read "Gatineau" I was kind of surprised that it might be Les Promenades' location.

If you're selling bikinis, you wanna be in Gatineau. This place is "pitoune" central and pitounes love their bikinis.

Cre47 · #**1497** Posted **Mar 28, 2015, 2:29 PM**

Looks like there will be no more Future Shop stores. Anything left will be transfered to Best Buy (the parent brand).

http://www.ctvnews.ca/business/futur...move-1.2301881

rocketphish · #**1498** Posted **Mar 28, 2015, 2:42 PM**

Future Shop shutters Canadian stores, will re-brand as Best Buy

MARINA STRAUSS - RETAILING REPORTER
The Globe and Mail

Published Saturday, Mar. 28 2015, 9:46 AM EDT
Last updated Saturday, Mar. 28 2015, 10:36 AM EDT

U.S.-based electronics retail giant Best Buy Co. is closing its 131 Future Shop stores Saturday and will re-open 65 of them in a week under the Best Buy banner in a bid to bolster business.

The company said “a significant number” of its Future Shop and Best Buy stores are located near each other, often in the same parking lot.

After the closures, the company will have a total of 192 stores across the country, including 136 large ones under the Best Buy name and 56 smaller Best Buy Mobile stores.

Ron Wilson, president of Best Buy Canada, said 80 per cent of customers are within a 15 minute drive to a store and “this won’t change. We will continue to have a strong store presence in all major markets in Canada.”

As a result of the consolidation, about 500 full-time and 1,000 part-time jobs will be lost, the company said. The affected employees will receive severance and help with outplacement support, it said.

Best Buy expects to post restructuring charges and non-restructuring impairments of between $250-million and $350-million, or 41 cents a share (U.S.) to 58 cents a share, it said. This includes $175-million (Canadian) to $225-million of cash charges, mostly tied to future rent obligations and severance, that will be paid over the next five years.

The company said it expects diluted earnings per share to be negatively affected in fiscal 2016 in the range of 10 cents (U.S.) to 20 cents a share, primarily because of a temporary increase in operational expenses related to the consolidation and store disruptions. But it doesn’t expect the negative earnings impact to continue into future years, it said.

It said it will invest up to $200-million (Canadian) in Best Buy stores and its web site, while launching major home appliances in all stores and increasing staff levels.

“Any decisions that impact our people are never taken lightly,” Mr. Wilson said in a statement. “Our first priority is to support them through this change.”

http://www.theglobeandmail.com/repor...ticle23677084/

wingman · #**1499** Posted **Mar 28, 2015, 3:04 PM**

So have to figure the following will close?
Gatineau
Kanata
Merivale (Nepean)
Gloucester already closed

To be converted maybe?
Barrhaven
Orleans
South Keys

This cannot come as a surprise, other than the fact they did it with no warning to the employees (which I don't think should be allowed).

MichelKazan · #**1500** Posted **Mar 28, 2015, 3:15 PM**

I've always found it annoying that neither of them had a store downtown like they do in Toronto and Montréal. It would've been great for the Rideau Centre expansion. Guess that's not happening now.