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General Retail News
#41
That would be one possibility. The former Hive or Entertaining Elements might be others. There's also the former Ceasaria down the street.
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#42
(04-09-2015, 09:13 PM)BuildingScout Wrote:
(04-09-2015, 03:34 PM)ookpik Wrote: Fair enough. But now that they're moving they need to spend $$$ on a new kitchen--or find a place with a suitable kitchen.

The former "The Ren @ 41" site perhaps?

p.s. I think The Museum will come to regret this and might even fold since they can ill afford the loss of revenue (they have no prospective tenant yet).

That would be a good spot IMO. Maybe the former Casablanca space, although I feel like it may be off the market.

It would certainly hurt them but the revenue from such a small space SHOULD not be a very significant part of their total revenue.
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#43
(04-09-2015, 09:29 PM)Lens Wrote: That would be a good spot IMO. Maybe the former Casablanca space, although I feel like it may be off the market.

It would certainly hurt them but the revenue from such a small space SHOULD not be a very significant part of their total revenue.


Two years ago they were struggling to get the last $10K to balance their books. My guess is that Imbibe paid more than $10k a year in rent.
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#44
(04-09-2015, 10:06 PM)BuildingScout Wrote:
(04-09-2015, 09:29 PM)Lens Wrote: That would be a good spot IMO. Maybe the former Casablanca space, although I feel like it may be off the market.

It would certainly hurt them but the revenue from such a small space SHOULD not be a very significant part of their total revenue.


Two years ago they were struggling to get the last $10K to balance their books. My guess is that Imbibe paid more than $10k a year in rent.

Two years ago and last year as well.
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#45
I know that Uptown Waterloo retailers have been hit with rents that have climbed because of the increased property values due to the LRT. Imbibe aside, are the other closures listed above falling victim to similar speculation? Or alternately, is the hope that the added density from projects like 100 Victoria, City Centre et al, will justify the higher rents?
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#46
Is it possible there's a bubble in downtown Kitchener, and landlords are increasing rents out of proportion to any real/likely increases in demand, just because other landlords are doing it?
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#47
Tepperman's, a Windsor-based furniture/appliances/electronics retailer, will be building a 50,000sqft outlet at Fisher-Hallman and Huron Rd (!). Store, to open in early 2016, will employ 60 people.

http://www.therecord.com/news-story/5556...kitchener/
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#48
There is going to be a Major retail loss in Downtown Kitchener, 7 Eleven at (King and Wellington) is closing this Sunday. Because of the "Ion construction" I doubt that's the reason though, they have been closing a lot of locations in Ontario in the past few years.
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#49
It doesn't surprise me. I travel to Europe often where 7 Eleven is generally thriving. The stores are well stocked, containing a wide range of foods, fresh fruits, high quality sandwiches and coffees, and then I come here to a 7-Eleven where they stock the worlds largest collection of potato chips and fried foods.... and for some funny reason the stores do not do so well.
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#50
(04-22-2015, 11:40 PM)BuildingScout Wrote: It doesn't surprise me. I travel to Europe often where 7 Eleven is generally thriving. The stores are well stocked, containing a wide range of foods, fresh fruits, high quality sandwiches and coffees, and then I come here to a 7-Eleven where they stock the worlds largest collection of potato chips and fried foods.... and for some funny reason the stores do not do so well.

Asia too. Well, maybe not so much about the fresh fruits in 7 Eleven in Asia, but certainly more food than in North America.
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