What does Hong Kong offer retailers that Toronto doesn’t have? Apparently more room for expansion.
Hong Kong finished first in the world as the hottest market for attracting new retail entrants while Toronto had to settle for 17th, says a new study.
MGM Resorts International and Cadillac Fairview upped the ante in Toronto’s casino wars on Wednesday by unveiling their vision for Exhibition Place that includes up to 1-million square feet of retail, a C-shaped hotel and a new footprint for the Canadian National Exhibition.
Brokers have been hired to aggressively market the retail space at the hexagonal building known as the Corner that once housed J. P. Morgan headquarters.
Picture a sprawling 30,000-square-foot Best Buy store—only instead of electronic gadgets and games, every aisle inside the big-box center is devoted to firearms, bullets, and “tactical gear.” This is the hot retail concept spreading throughout the Midwest. Minnesota-based outdoors retailer Gander Mountain is expanding a new concept it first introduced in Wisconsin in 2011: the big-box store devoted almost exclusively to guns and ammo. Three such stores are set to open this month, in Ohio, Michigan, and Minnesota.
Picture a sprawling 30,000-square-foot Best Buy store—only instead of electronic gadgets and games, every aisle inside the big-box center is devoted to firearms, bullets, and “tactical gear.” This is the hot retail concept spreading throughout the Midwest. Minnesota-based outdoors retailer Gander Mountain is expanding a new concept it first introduced in Wisconsin in 2011: the big-box store devoted almost exclusively to guns and ammo. Three such stores are set to open this month, in Ohio, Michigan, and Minnesota.
By RetailSails:
Today we take a look at the top 20 U.S. chains with the highest retail sales per square feet of store space. We analyzed all 160+ American retailers (excluding restaurants) who publicly report financial information. A few notes:
By Brad Thomas:According to NAREIT, the retail sector is the best performing sector for all REITs this year. The performance in the leading retail property sector is directly correlated to the improved occupancy fundamentals of the consumer-driven sector.