Canadian luxury store Holt Renfrew is closing its "small-format" location in downtown Edmonton's Manulife Place, as part of its ongoing strategy to focus on a large-format store model.
A report by online retail industry publication Retail Insider predicted the Edmonton location’s demise last year. It said if the Louis Vuitton boutique inside Holt Renfrew were to exit the store and relocate, it could signal the end of Holt’s run in Edmonton.
On Tuesday, Patterson said the closure did not come as a surprise. “Holt Renfrew’s retail strategy has been to operate in stores that span in excess of 120,000 square feet,” he explained. “The downtown Edmonton Holt Renfrew store is about 32,000 square feet of retail space, and about another 12,000 square feet for storage, so it’s much, much smaller than those other locations.
“Holt Renfrew’s business model now is to devote quite a bit of space to leased shops that are within their stores...
Fire & Flower Holdings Corp. is pleased to announce that its wholly-owned subsidiary, Fire & Flower Inc. has completed the previously announced acquisition of four additional cannabis retail stores in the province of Saskatchewan from Prairie Sky Cannabis Inc.
Prior to the Acquisition, the Vendor operated the Acquired Locations as licensed cannabis retail stores, including e-commerce sales throughout the province of Saskatchewan, under the name "Jimmy's Cannabis Shop".
The Acquired Locations are expected to re-open on May 17, 2019 under the Fire & Flower brand name and retail experience including an expanded cannabis product selection.
The city's first Hobo Cannabis shops will be located on Granville Street and Main Street.
Blaine McVety takes a sort of masochistic pride in listing, in his words, "all the record stores I've buried." There was HMV, A & A Records, A & B Sound, Record Baron, Records on Wheels, Music City, and Sam the Record Man, to name some of the bigger players that have closed.
After decades serving the community, Dewdney Drugs suddenly closed its doors last Thursday. Some residents say this is another blow to the neighbourhood, which last year saw its 7/11 close just blocks away. "I’m hoping that they will open it again, because we need it here," Joanne Lerat, a concerned resident said of the store.
A family-owned hockey store that's been serving Richmond residents for decades is closing up shop at the end of May. Between the increasing cost of their lease and major property tax hikes, the four brothers and one sister who run Ice Level Sports say they're taking more shots than they can handle.