Quote:
Originally Posted by retro_orange
Maybe Sears' departure and subsequent vast amount of retail space that will flood the market may help to put a damper on high lease rates that prohibit smaller companies from getting a foothold in the market. I say goodbye!
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Or that vast amount of retail space becomes a black hole like the Target location at Metrotown. I checked and (not as of yesterday so the numbers might be slightly different now) Target bought 133 Zellers locations and built a couple stores - of those 75 are sitting vacant.
Meanwhile Sears has 276 stores. If those go all at once it'll be a retail catastrophe. I'm much rather see them drop a dozen or so a year for the next few years before giving up on major cities (they're still doing ok in smaller cities where they don't have much competition).
That would hopefully allow medium size stores a foothold in the market - and that's much better than small malls going belly up as they don't have an anchor anymore. I could easily see that happening if there's a flood of large spaces as there aren't many medium to large stores who would take most of the space.
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