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'Sooke Retail Plaza' is a proposal for a commercial development between the 6700-blocks of West Coast Road/Highway 14 and Eustace Road in the town core of Sooke on Victoria's West Shore.
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Big-box and large format retail is doing very well, and is showing no signs of slowing down. The future, I think, is less specialization per retailer and more add-on value. Look at Canadian Tire's latest stores. They combine CT, Mark's, and Party City under one roof. SuperStore combines Joe Fresh, banking, haircuts, insurance, etc under one roof.
is walmart's non-grocery, in-person sales growing? i think it's not. their online was up 97% one quarter last year.
Big-box and large format retail is doing very well, and is showing no signs of slowing down. The future, I think, is less specialization per retailer and more add-on value. Look at Canadian Tire's latest stores. They combine CT, Mark's, and Party City under one roof. SuperStore combines Joe Fresh, banking, haircuts, insurance, etc under one roof.
Canadian Tire Q4 2020:
FOURTH QUARTER HIGHLIGHTS
- Strong omni-channel performance in the quarter drove CTC's comparable sales growth of 9.5%
- CTR's strong growth of 12.8% was driven by double digit growth in almost 70% of product categories and Owned Brands growth of 18%
- Mark's delivered strong comparable sales of 7.6%, driven primarily by eCommerce sales and strong performance of national brands
- SportChek's comparable sales growth declined 3%, due to reduced promotional activity, temporary store closures and restrictions
- Over 600,000 new members joined the Triangle program and contributed $168 million in sales
- eCommerce sales in the quarter grew 142%, with penetration rate more than doubling 2019 levels
- eCommerce sales surged across all retail banners, with CTR up 179%
- Digital visits across retail banners grew almost 50% to over 230 million visits
Sounds like brick-and-mortar is doing just fine, and online sales are growing at a very fast clip.
...The minute that Homesense reopened in Ontario it was lined up out the door with people desperate to shop.
The same thing happened at the Homesense on Blanshard when it re-opened last Spring. I should know, I was in the line.
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New-build waterfront commercial spaces hit the market in retail-starved Sooke
Over 2,000 square feet of retail or office space is available for purchase at a mixed-use condominium project nearing completion.
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If approved, the 156,000 square foot proposal will double town core's shopping...
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